The global gasoline generator market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rise in natural disasters such as cyclones, hurricanes, floods, and others is being witnessed globally, which is propelling the sales of disaster management machinery such as gasoline generators. According to the data published by National Oceanic and Atmosphere Administration (NOAA) in 2020, the billion-dollar events of 2020 included a record of 7 disasters linked to tropical cyclones, 1 to drought, 13 storms, and 1 to wildfires. The 22 events cost the nation a combined $95.0 billion in damages. 2020 also bought a wildfire season, which burned more than 10.2 million acres. The most expensive events were Hurricane Laura ($19 million), the western wildfires ($16.5 million), and the August derecho ($11.0 billion). Therefore, such occurrence of natural disasters is anticipated to fuel the demand for the global gasoline generator market.
Growing participation in outdoor recreational activities is anticipated to drive the growth of the s market. For instance, as per the data published by Outdoor Industry Association in 2020, 50.7 of Americans participated in at least one outdoor activity in 2019, out of which 46.2% accounted for female participants. Also according to the Bureau of Economic Analysis, the outdoor recreation economy accounted for 1.8% of the total Gross Domestic Product of the nation in 2020. Thus, the need for gasoline-powered generators for providing continuous power supply in remote locations for recreational activities is anticipated to elevate the demand for the global gasoline generator market during the forecast period.
Looking toward the demand for gasoline generators, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2021, Himoinsa S.L. in collaboration with rental companies launched 1MW gas-powered generator. The gas engine reduces carbon emissions giving rental companies a tool that assists them to reduce their carbon footprint without sacrificing power. This generator is designed to adapt to all types of climatic conditions such as desert areas, tropical environments, or high altitudes. Also, in January 2021, Cummins launched two gasoline generators –QG 2800i and QG 2500i for the recreational vehicle market. They are 2.8-KW and 2.5KW inverter-based aimed at Class B campers and trucks. Thus, such launches are anticipated to drive the growth of the global gasoline generators market.
(Get 15% Discount on Buying this Report)
Get Sample Copy of Global Gasoline Generator Market at https://orionmarketreports.com/request-sample/?id=105961&submit=Request+Sample%0D%0A
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Power Output
- By Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Kohler Co., Honda Motor Co, Ltd., and Generac Power Systems, Inc., among others
A full report is available at: https://orionmarketreports.com/global-gasoline-generator-market/105961/
Global Gasoline Generators Market Report by Segment
By Power Output
Less than 1.0 KW
1.0 to 3.0KW
3.0 to 5.0 KW
More than 5.0KW
By Type
- Portable Generator
- Stationary Generator
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
