Gasoline Engine Generator Set Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.4 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
Looking ahead from 2023 to 2033, the gasoline engine generator set market is poised for continued growth. Projections indicate that the market will expand from USD 3.2 billion in 2023 to USD 4.8 billion by 2032, exhibiting a CAGR of 4.5% over the forecast period. This anticipated growth is attributed to several key factors:
Increasing Power Demand: Rapid urbanization and industrialization, especially in emerging economies, are driving a surge in electricity consumption, thereby escalating the need for reliable backup power solutions.
Technological Advancements: Ongoing innovations in gasoline engine technology are enhancing performance, fuel efficiency, and environmental compliance, making these generators more attractive to a broader range of users.
Infrastructure Development: The continuous development of infrastructure projects worldwide necessitates dependable power sources, thereby bolstering the demand for gasoline engine generator sets.
Natural Disasters and Power Outages: The increasing prevalence of natural disasters and extreme weather events leads to more frequent power outages, prompting both residential and commercial users to invest in backup generators.
Regionally, North America has maintained a dominant position in the gasoline engine generator set market, owing to the presence of numerous key manufacturers and high adoption rates across various applications. However, the Asia Pacific region is expected to witness the highest growth rate in the coming years, driven by rapid industrialization, urbanization, and increasing infrastructure development activities in countries like China and India.
In my experience, the reliability and portability of gasoline engine generator sets have made them indispensable tools in various scenarios. Whether ensuring continuous power supply during unexpected outages or providing electricity in remote locations, these generators offer a practical and efficient solution. Their ease of use and maintenance further contribute to their widespread adoption across different sectors.
Get an In-Depth Research Analysis of the Global Gasoline Engine Generator Set Market Size And Forecast [2025-2032]
Between 2018 and 2022, the gasoline engine generator set market experienced notable growth, driven by increasing demand for reliable backup power solutions across residential, commercial, and industrial sectors. The market size was estimated at USD 7.38 billion in 2023, with projections to reach USD 9.44 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.2% during the forecast period.
Several factors contributed to this upward trend. The rising frequency of power outages, particularly in developing regions, heightened the need for dependable backup power sources. Additionally, advancements in gasoline engine technology improved fuel efficiency and reduced emissions, making these generators more appealing to consumers and businesses alike. The expansion of construction and infrastructure projects globally further fueled the demand for portable and stationary gasoline generators to ensure uninterrupted power supply at worksites.
BELTRAME CSE
Black & Decker
BRIGGS and STRATTON
Bruno generators
Campeon
China Lutian Machinery Co.
Ltd
Coelmo spa
Fujian Mindong Electric Co.
Ltd
GENMAC SRL
Honda Power Equipment
Inmesol
JCB Power Products Ltd
Power Tech Mobile Generators
SDMO
Westerbeke
Worms Entreprises
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Gasoline Engine Generator Set Market
Construction Industry
Automotive Industry
Others
Based on Types the Market is categorized into Below types that held the largest Gasoline Engine Generator Set market share In 2023.
Single Phase
Three Phase
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Gasoline Engine Generator Set Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Gasoline Engine Generator Set Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gasoline Engine Generator Set Market, By Type
6. Global Gasoline Engine Generator Set Market, By Application
7. Global Gasoline Engine Generator Set Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Gasoline Engine Generator Set Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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