Gasoline Gensets Market Growth Offers Room to Grow to Existing & Emerging Players
The newly launched report by Stratview Research, titled ‘Gasoline Gensets Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026’ has been bifurcated by Power Rating Type (<2kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, and 8-15 kVA), by Phase Type (Single Phase and Three Phase), by End-Use Type (Residential, Commercial, and Construction), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report Gasoline Gensets Market is likely to witness a CAGR of 5.5% during the forecast period. Major factors such as growing demand for consistent power supply driven by inadequate electric grid infrastructure and increasing number of consumer participation in recreational activities are expected to fuel the market growth during the forecast period.
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Market Segmentation Analysis -
Based on the power rating type, the market is segmented as <2kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, and 8-15 kVA. 3.5-5 kVA is estimated to witness significant growth in the market during the forecast period on account of growing demand for power supply as a result of increasing end-user participation in recreational activities.
Based on the phase type, the market is segmented as single phase and three phase. Three phase is estimated to account for the major share of the market during the forecast period on account of increasing consumer demand for electricity backup system.
Based on the end-use type, the market is segmented as residential, commercial, and construction. The residential segment is estimated to be the largest segment of the market during the forecast period on account of rising per capita income coupled with improved standard living standards.
Key Players
The following are the key players in the market-
· Atlas Copco AB
· Briggs & Stratton
· Caterpillar Inc.
· Cummins, Inc.
· Generac Power Systems, Inc.
· Honda Motor Co., Ltd.
· Kirloskar Oil Engines Limited
· Kohler Co.
· Siemens AG
· Yamaha Motor Co., Ltd.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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