Gasoline Generator Market, By Capacity Rating (Above 375 kVA, 75-375 kVA, and less than 75 kVA), By End User (Residential, Commercial, and Industrial), and By Geography (EU, NA, APAC, LATAM, and MEA) Analysis, Size, Share Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The global Gasoline Generator market was valued at USD 650 million in 2019 and is predicted to be valued at USD 1 billion by 2027, growing with a 4% CAGR during the forecast period, 2021-2027.
The Gasoline generator is a machine that transforms mechanical energy into electrical energy with the help of fuel combustion. The fuel used in gasoline generators is petrol and derivatives of crude petroleum. They offer various advantages such as standby or a temporary source of electricity for various industries. It is used widely in places where there is no access to grid electricity or alternate sources of electricity. Gasoline generators are usually rated in Horsepower or Kilowatts. The components of a gasoline generator are an engine, engine speed regulator, voltage regulator, and a fuel supply mechanism. Generators which use petrol as their source usually are small in size
Market Dynamics
The global Gasoline generator market is a developing market that is anticipated to witness huge growth during the forecast period. The global Gasoline generator market is majorly driven by the reduced availability of grid power in emerging economies and also remote locations. This source of electricity also serves as an alternate when grid power is not available. Another driver for petrol-based gensets is the ease of petrol availability, especially in petrol stations. The design of the generators also makes them portable making them handy to generate electricity on demand.
The application of petrol gensets finds itself both in domestic as well as businesses. The requirement of a backup power supply across various sectors is a key driver of growth for this market. For example, the IT sector requires that their servers are up and running continuously, which would otherwise lead to a breakdown in the system. Hence having a petrol generator helps businesses such as this fallback on an alternate power source.
Another key driver is the low accessibility to mainline power. Businesses and Industries which operate on restricted access to a mainline power source, require a Genset and hence drives the growth of petrol generators.
A major restraint in the gasoline generator market is its dependence on global fuel prices. Oil prices tend to be volatile making it a costly affair to run petrol-based generators from time to time. However, since gasoline generators are not used on a mainstream basis, it makes the usage of such generators feasible for many businesses and homes alike.
Capacity Rating Takeaway
Based on the Capacity Rating, the global Gasoline Generator market is bifurcated into Above 375 kVA, 75-375 kVA, and less than 75 kVA. The less than 75 kVA category has a major share in the global market and accounts for over 30% of the global Gasoline generator market in the same year. Less than 75 kVA standards are used mostly in the telecommunication sector, commercial complexes, small-scale industries, small restaurants, and petrol stations. Such businesses use petrol Genset primarily as a backup source when there is no electricity from the grid. It is also used as the main source of electricity in off-grid areas.
Besides, the Above 375 kVA and 75-375 kVA categories are expected to grow the fastest in the given forecasted period. The rise in the adoption can be attributed mostly to the increase in the requirements of additional supply by medium and large scale industries such as production plants etc.
End-User Takeaway
Based on Application, the global market is bifurcated into Residential, Commercial, and Industrial. The commercial category accounted for a major share in 2019 and had more than 30% of the market revenue share in the same year. The increased adoption of Gasoline generator applications for the commercial category is because of the purchase of equipment based on pricing and requirements for small-scale power backup. At the same time, the commercial applications of having backup power have helped the manufacturers grow and capture demand in emerging economies. Commercial small businesses have helped increase the demand for less than 75kVA equipment as well.
On the other hand, the residential and industrial categories of users are expected to see faster growth. Industrial applications such as those in the telecom sector are expected to rise especially in emerging markets such as India and China. Similarly, the residential category is also expected to grow at a fast pace because of growth in the building and construction markets in China and India. Various government initiatives such as the smart city initiatives are also expected to fuel the growth.
Regional Takeaway
Based on geography, the global Gasoline Generator market is categorized into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In 2019, North America accounted for a major share and had over 30% of the market revenue share in the same year. The rise in adoption can be mainly attributed to the increased availability of petrol at a cheap price. The consumption of petroleum products has also increased Year on Year, leading to a rise in adoption. Various natural disasters such as hurricanes and thunderstorms threaten the security of the mainstream transmission network in America, increasing the need to rely on a backup power source. North America also maintains a stable gasoline infrastructure which provides regular fuel supply throughout the country.
On the other hand, Asia Pacific is anticipated to witness the fastest growth over the upcoming years. This is because of the high occurrence of power failure in these countries. Access to the main grid is relatively less than in developed countries, making them dependant on generators. The growing infrastructure sector and production sector is also a key driver for fuelling growth In demand.
COVID-19 Impact
The COVID-19 epidemic wreaked havoc on a variety of sectors, causing supply chain interruptions for both raw materials and finished items. To combat the COVID-19 pandemic, governments in several countries have implemented complete and partial lockdowns in their countries, halting industry and wreaking havoc on the economy. The disruptions in the global supply chain made it a little difficult to produce and distribute units of gensets. However, COVID saw an all-time decrease in fuel prices because of excess supply but less demand. This made it easier for various industries to access the supply, keeping the market growing at a positive rate.
Key Vendor Takeaway
Some of the prominent players operating in the industry include Generac Holdings Inc, Caterpillar Inc, General Electric Company, Cummins Inc, Kohler, Compressed Air Systems, Inc., Godwin, A Xylem Brand, Wharton Hardware and Supply, Generator Source (formerly Diesel Service & Supply)
, Scott's Emergency Lighting & Power Generation, Inc., Atlantic Equipment, Markair, Inc., TVW Electrical Supplies, Critical Power Products & Services, LLC, Ohio Power Tool.
Because there are so many significant actors at the global, regional, and country levels, the sector is highly fragmented. Apart from this, with the rising demand for a Gasoline generator, the key players have adopted growth strategies such as merger & acquisition, collaboration, strategic partnerships, and product launches to retain their position on the global scale. For instance, North American or European manufacturers are increasingly looking to grow their presence in growing economies such as India and Africa by collaborating with local OEMs and distributors, etc.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL GASOLINE GENERATOR MARKET KEY PLAYERS
- Generac Holdings Inc
- Caterpillar Inc
- General Electric Company
- Cummins Inc
- Kohler
- Compressed Air Systems, Inc.
- Godwin
- Ohio Power Tool
- Critical Power Products & Services, LLC
- TVW Electrical Supplies
- Markair, Inc.
- Atlantic Equipment
- Scott's Emergency Lighting & Power Generation, Inc.
- Generator Source (formerly Diesel Service & Supply)
- Wharton Hardware and Supply
- A Xylem Brand
GLOBAL GASOLINE GENERATOR MARKET, BY CAPACITY RATING
- Less than 75 kVA
- 75-375 kVA
- More than 375 kVA
GLOBAL GASOLINE GENERATOR MARKET, BY END-USER
- Residential
- Commercial
- Industrial
GLOBAL GASOLINE GENERATOR MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- the United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- the United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. GASOLINE GENERATOR MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Capacity Rating
2.1.2. Market Snippet by End User
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. GASOLINE GENERATOR KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. GASOLINE GENERATOR INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. GASOLINE GENERATOR MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. GASOLINE GENERATOR MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. GASOLINE GENERATOR MARKET – BY CAPACITY RATING
7.1. Overview
7.1.1. Segment Share Analysis, By CAPACITY RATING, 2020 & 2027 (%)
7.2. Less than 75 kVA
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.3. More than 375 kVA
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8. GASOLINE GENERATOR MARKET – BY END USER
8.1. Overview
8.1.1. Segment Share Analysis, By END USER, 2020 & 2027 (%)
8.2. Residential
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.2.2.1. Apartments
8.2.2.1.1. Overview
8.2.2.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.2.2.2. Community Housing
8.2.2.2.1. Overview
8.2.2.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3. Commercial
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3.2.1. Small businesses
8.3.2.1.1. Overview
8.3.2.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9. GASOLINE GENERATOR MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.2.4. North America Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.2.5. North America Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.6.3. U.S. Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.2.6.4. U.S. Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.7.3. Canada Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.2.7.4. Canada Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.3.4. Europe Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.3.5. Europe Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.6.3. Germany Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.3.6.4. Germany Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.7.3. Italy Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.3.7.4. Italy Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.8.3. United Kingdom Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.3.8.4. United Kingdom Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.9.3. France Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.3.9.4. France Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.10.3. Rest of Europe Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.3.10.4. Rest of Europe Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.4. Asia Pacific
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.4.4. Asia Pacific Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.4.5. Asia Pacific Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.6.3. India Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.4.6.4. India Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.7.3. China Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.4.7.4. China Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.8.3. Japan Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.4.8.4. Japan Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.4.9. Rest of APAC
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.9.3. Rest of APAC Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.4.9.4. Rest of APAC Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.5.4. Latin America Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.5.5. Latin America Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.6.3. Brazil Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.5.6.4. Brazil Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.7.3. Mexico Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.5.7.4. Mexico Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.8.3. Argentina Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.5.8.4. Argentina Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.5.9. Rest of Europe
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.9.3. Rest of LATAM Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.5.9.4. Rest of LATAM Market Size and Forecast, By END USER, 2016 - 2027 (US Billion)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.6.4. Middle East and Africa Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.6.5. Middle East and Africa Market Size and Forecast, By END USER, 2016 - 2027 (US$ Billion)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.6.3. Saudi Arabia Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.6.6.4. Saudi Arabia Market Size and Forecast, By END USER, 2016 - 2027 (US$ Billion)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.7.3. United Arab Emirates Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.6.7.4. United Arab Emirates Market Size and Forecast, By END USER, 2016 - 2027 (US$ Billion)
9.6.8. Rest of MEA
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.8.3. Rest of MEA Market Size and Forecast, By CAPACITY RATING, 2016 - 2027 (US$ Billion)
9.6.8.4. Rest of MEA Market Size and Forecast, By END USER, 2016 - 2027 (US$ Billion)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Generac Holdings Inc
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Caterpillar Inc
10.2.3. General Electric Company
10.2.4. Cummins Inc
10.2.5. Kohler
10.2.6. Compressed Air Systems, Inc.
10.2.7. Godwin
10.2.8. Ohio Power Tool
10.2.9. Critical Power Products & Services, LLC
10.2.10. TVW Electrical Supplies
10.2.11. Markair, Inc.
10.2.12. Atlantic Equipment
10.2.13. Scott's Emergency Lighting & Power Generation, Inc.
10.2.14. Generator Source (formerly Diesel Service & Supply)
10.2.15. Wharton Hardware and Supply
11. 360 DEGREE ANALYST VIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
