Gasoline Gensets Market Projected to Grow at a Steady Pace |...

Gasoline Gensets Market Projected to Grow at a Steady Pace

Posted 2023-01-27 09:39:16

Gasoline Gensets Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2028. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Gasoline Gensets Market is expected to grow from USD 3.78 billion in 2021 to USD 5.46 billion by 2028 at a CAGR of 5.32% during 2022-2028. 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.

Market Segments' Analysis

According to Stratview Research, the Gasoline Gensets Market is segmented 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).

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.

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