Gasoline Generator Market Size, Share & Industry Analysis, By Power Output (Less than 1kW, 1kW to 3kW, 3kW to 5kW, More than 5kW), By Type (Portable Generator, Stationary Generator), By End-User (Commercial, Residential, Industrial, Agricultural, Others) And Regional Forecast, 2024-2032

A gasoline generator is an electrical generator that runs on gasoline. These generators are majorly used as an emergency power backup mechanism in residential or industrial places. Furthermore, gasoline gensets are a portable source of power supply. The growing dependence on electrical appliances is boosting the demand for gasoline generators. In addition, for end-users of renewable technologies, including solar panel-based power, gasoline generators are a medium of reliable backup power.

The gasoline generator market growth is driven by the global increase in construction activities. The importance of infrastructure security over protecting equipment from a sudden power outage positively enhances the demand for gasoline generators. In addition, a shifting focus among manufacturers towards selling compact generators through e-commerce channels is expected to further boost the gasoline generator market.

• According to Global Construction Perspectives and Oxford Economics, the construction sector will grow by 85% by 2030 to USD 15.5 trillion globally. China, the US, and India are expected to hold a major share in the industry.


• According to the United Nations Conference of Trade and Development, the e-commerce sector has rapidly grown over the years and will reach USD 26.7 trillion by the end of 2020. This growth can be attributed to the rise in electronics and electrical equipment sales, such as generators.

The factor that is expected to inhibit the market's growth is the high capital cost of these generators. These generators come with some health and safety concerns, which could hamper their adoption. In addition, they can be dangerous to the environment and are said to negatively impact the environment. These factors are expected to restrain the market growth in the coming years.

Gasoline generators have power outputs that can majorly be divided into less than 1kW, 1kW to 3kW, 3kW to 5kW, and more than 5kW. Homes and small offices can work on 1kW to 5kW generators. A 5kW generator can power up a fan, four lights, an electric motor, and a refrigerator. A 5kW generators are ideal for small homes. Honda has introduced a wide range of generators for household purposes. For instance, a portable Honda EU10i delivers 1000W of clean mains quality electricity to run and recharge the kit. The compact 13kg generator is perfect for travel or around the home. The EU10i generator supplies the same high-quality electricity as outlets from home. 

The gasoline generators are generally used by commercial, residential, industrial, agricultural, and other end-users. They are widely utilized in the residential sector for standby backup power in times of power shortage and grid failure. The compact nature of gasoline generators makes them prefereable for residential applications as a modular Uninterrupted Power Supply (UPS). In addition, the residential households are majorly dependent on continuous electricity, which creates a need for reliable and efficient power backup solutions.

IMPACT OF COVID-19 ON THE GASOLINE GENERATOR MARKET

The gasoline generator market is expected to grow faster after the COVID-19 pandemic. The market was negligibly affected due to high demand from the portable segment for residential applications. The rise in remote-working, coupled with massive power cuts, is anticipated to bolster market growth.

• The tornado across Texas to Maine in April 2020 affected the power supply for almost 9.3 million people. Similarly, in February 2021, the winter storm and cold wave affected 4.3 million customers in Texas.


• According to a survey by Enterprise Technology Research, the number of people working from home permanently was anticipated to double by 2021. Forbes projected a 75% rise in work-from-home employees by 2025.

In light of the COVID-19 pandemic and power outages, the growing requirement for reliable power for residential applications is expected to bolster the market.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in Gasoline Generator Technology.


• Key Industry Trends.


• Regulatory Landscape for Gasoline Generator Market.


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market.

ANALYSIS BY TYPE

Based on type, the market is segmented into portable and stationary generators. The stationary segment dominates the market and is expected to grow significantly during the forecast period, owing to its benefits and characteristics compared to portable generators. These generators have excellent fuel economy and run unattended compared to portable generators, which is expected to boost their demand in the future. On the other hand, portable generators work manually and require shelter to protect from extreme weather conditions. In addition, these generators have a plastic fuel tank and are comparatively cheaper than stationary generators.

REGIONAL ANALYSIS

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North America dominates the market and is expected to grow significantly during the forecast period, owing to an increase in construction activities across the region. Significant growth in non-residential construction spending is also expected to propel the market growth in the region. In addition, the new technological advancements in the industrial sector are expected to further boost the market for gasoline generators. The U.S. holds a major share in the market and dominates the market in the region, followed by Canada. With an increase in the U.S. non-residential construction spending, key manufacturers and stakeholders in the gasoline generator market are innovating their business strategies.

The Asia Pacific is another major market for gasoline generators, owing to the multiple government initiatives supporting the demand for gasoline generators in case of power outages. The increase in urbanization with growth in the industrial sector is expected to boost the market growth in the region. Major countries contributing to the Asia Pacific region are China, Japan, India, South Korea, and Australia. Europe is expected to grow substantially due to the presence of several key players in the region. In addition, the increasing demand for gasoline generators from commercial and residential sectors is expected to propel market growth in the region. Major countries contributing to the European market are Germany, the U.K., France, Italy, Spain, and Russia.

KEY PLAYERS COVERED

The report includes profiles of key players such as Generac, Briggs & Stratton, Atlas Copco, Cummins, Kirloskar, Kohler Co., Caterpillar Inc., Yamaha, Honda, Wacker Neuson Group, John Deere, and FIRMAN Power Equipment.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• In May 2021, EZGO Technologies Ltd., one of China's leading short-distance transportation providers, announced the launch of its newest range-extended electric scooter - "Cenbird." EZGO's Cenbird e-scooter integrates a high-performance gasoline generator with battery charging technology to gain an expected driving distance of up to 350 kilometers before refueling. 


• In 2020, Seres, popularly known as SF motors, launched the SF5 electric crossover vehicle in China. The SF5 comes with a 684 horsepower engine and a 0-to-62-mph time of fewer than 3.5 seconds for the top model. The extended-range model of SF5 uses a 33-kWh battery with a gasoline generator to recharge it on the road.