Gasoline Gensets Market Report 2025

The gasoline gensets market size has grown strongly in recent years. It will grow from $3.71 billion in 2024 to $3.95 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to power outages and grid reliability, industrial growth, residential applications, government regulations, fuel availability and price.

The gasoline gensets market size is expected to see strong growth in the next few years. It will grow to $5.07 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising energy demand, transition to renewable energy, urbanization trends, regulatory landscape, climate change and natural disasters. Major trends in the forecast period include advancements in engine technology, environmental sustainability, rising use in residential settings, innovations in fuel efficiency, integration of digital solutions.

The increasing demand for power supplies is projected to drive the growth of the gasoline gensets market in the future. Power supply refers to the amount of energy that a battery or fuel source can provide to power a device. Gensets serve as backup power sources in various settings, from construction sites to homes, generating electricity to operate equipment like household appliances and construction machinery. This approach allows for more economical management of power demand. For example, in February 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that global electricity demand is expected to grow by 3% annually from 2023 to 2025 compared to the growth rate in 2022. Hence, the rising demand for power supplies is fueling the growth of the gasoline gensets market.

The expansion of the construction industry is expected to drive the growth of the gasoline genset market moving forward. The construction industry encompasses the planning, design, execution, and completion of building projects, infrastructure development, and related activities. Gasoline gensets are frequently utilized in construction for on-site power generation, offering a portable and efficient electricity source to operate tools, equipment, and temporary structures. For instance, in March 2023, Oxford Economics, a UK-based economic information services company, projected that the value of construction work will increase from $9.7 trillion in 2022 to $13.9 trillion by 2037, driven by major construction markets in China, the U.S., and India. Therefore, the growth of the construction industry is propelling the gasoline genset market.

Product innovations emerge as a prominent trend gaining momentum in the gasoline gensets market. Key players in the market are dedicated to developing innovative solutions to solidify their market positions. For instance, in July 2022, Cummins Inc launched the C1250D6E and C1500D6E gensets as part of its Centum Series generators. These generators, powered by the Cummins QSK38 engine, feature high-efficiency engines in a smaller footprint to precisely meet customers' power needs. The Centum Series generators offer maximum flexibility, marking a substantial shift in Cummins' approach to power system design.

Major companies in the gasoline genset market are actively developing advanced solutions, including power generation solutions designed to produce electrical energy efficiently and reliably. In June 2022, Kirloskar Oil Engines launched the iGreen 2 genset, an upgraded version of its fuel-efficient power generators. Featuring the R550 series of engines, the iGreen 2 offers enhanced product life, a compact design, and in-built features such as remote monitoring and self-diagnostics, enhancing functionality and ease of use.

In July 2022, Sterling Generators Pvt Ltd partnered with Moteurs Baudouin, accelerating the growth of both companies in the auxiliary power product portfolio. Moteurs Baudouin is a France-based manufacturer of power-generation diesel and gas engines.

Major companies operating in the gasoline gensets market include Cummins Inc., Caterpillar Inc., Yamaha Motor Co. Ltd., Briggs & Stratton Corporation, Wacker Neuson SE, Kohler Co., Generac Holding Inc., Honda Motor Co. Ltd., Honeywell International Inc., Firman Power Equipment, Stephill Generators, Lifan Power USA, A-iPower Corp., Bison Machinery Ltd, The Westinghouse Electric Corporation, AKSA Power Generation, Cooper Corporation, Mitsubishi Heavy Industries Ltd., Denyo Co. Ltd., Kirloskar Oil Engines Limited, Mahindra Powerol Ltd., Champion Power Equipment Inc., WEN Products, Duromax Power Equipment, Pulsar Products Inc., All Power America LLC, Subaru Industrial Power Products, Winco Inc., Doosan Portable Power, Multiquip Inc.

Asia-Pacific was the largest region in the gasoline gensets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the gasoline gensets market report during the forecast period. The regions covered in the gasoline gensets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gasoline gensets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A gasoline genset, short for a gasoline generator set, is a mobile electric generator that utilizes gasoline as fuel to produce and generate electricity. It is commonly employed to supply power to residences or commercial establishments facing regular power outages. This machine converts chemical energy from gasoline into mechanical energy, which is then transformed into electrical energy.

The primary types of gasoline gensets include portable and stationary models. Portable generators generate electricity by utilizing gasoline, gas, or other fuels to power an engine or appliance. Power ratings for these generators typically range from < 2kVA, 2kVA - 3.5kVA, 3.5kVA - 5kVA, 5kVA - 6.5kVA, 6.5kVA - 8kVA, to 8kVA - 15kVA. These power categories can be further divided into single-phase and three-phase systems, catering to residential, commercial, and construction end users.

The gasoline gensets market research report is one of a series of new reports that provides gasoline gensets market statistics, including gasoline gensets industry global market size, regional shares, competitors with gasoline gensets market share, detailed gasoline gensets market segments, market trends, and opportunities, and any further data you may need to thrive in the gasoline gensets industry. This gasoline gensets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The gasoline genset market consists of sales of engines, alternators, voltage regulators, batteries, cooling, and exhaust system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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