The Gasoline Gensets Global Market Report 2023, provides comprehensive information on the gasoline gensets market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global gasoline gensets market size is expected to grow from $3.26 billion in 2022 to $3.51 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gasoline gensets market size is expected to reach $4.53 billion in 2027 at a CAGR of 6.6%.
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Product innovations are the key trend gaining popularity in the gasoline gen-sets market. Major players operating in the gasoline gen-sets market are focused on developing innovative solutions to gain a position in the market. For instance, in July 2022, Cummins Inc, a US-based corporation that designs, manufactures, and distributes engines, filtration, and power generation products, launched the C1250D6E and C1500D6E gen-sets, a centum series generator. The new Centum Series generators are designed with high-efficiency engines that fit in a smaller footprint to fulfil customers’ power needs precisely. Centum Series generators offer the utmost flexibility, marking a substantial change in Cummins’ approach to power system design. Both generator sets are powered by the Cummins QSK38 engine, a 12-cylinder vee-configuration diesel with bore and stroke dimensions of 159 x 159 mm and an overall displacement of 37.8 L, with ratings of 1250 and 1500 kW standby and 1136 kW and 1364 kW prime/data center continuous, both at 60 Hz. Cummins QSK38 engines with over 2200 hp are installed in the C1250D6E and C1500D6E, housed in a unique 38 L platform
The gasoline gensets market is segmented:
1) By Type: Portable, Stationary
2) By Power Rating: <2KVA, 2KVA – 3.5 KVA, 3.5KVA – 5KVA, 5KVA – 6.5KVA, 6.5KVA – 8KVA, 8KVA – 15KVA
3) By Phase: Single phase, Three phase
4) By End user: Residential, Commercial, Construction
Asia-Pacific was the largest region in the gasoline gensets market in 2022.
The table of contents in TBRC’s gasoline gensets market report includes:
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