The global gasoline generator market
accounted for almost 4% of the global generator market in 2016 making
its study critical. Future Market Insights in its recent report
‘Gasoline
Generator Market: Global Industry Analysis 2012– 2016 and
Opportunity Assessment 2017–2027’ has done exactly that and the
prospects for key stakeholders in the global gasoline generator
market seem bright indeed. The gasoline generator market is
anticipated to record a CAGR of 3.7% for the period 2017- 2027 and
approach a billion dollars in value by the end of the forecast
period.
The global gasoline generator market is
essentially the portable generator market as the latter has a market
share of more than 97%. Portable generators will nonetheless gain 30
BPS by 2027 and it would not be surprising if major players decided
to overlook stationary generators entirely. More than 610,000
portable generator units were sold in 2016 alone as portable
generators are perfect for a number of end users in the commercial,
industrial, and residential sectors.
The 1 to 3 KW segment is poised to
dominate the gasoline generator market in terms of power output
throughout the duration of the forecast period. The 1 to 3 KW
generators are on track to be worth more than US$ 520 million by end
2027, making it larger than all other generators combined in the
gasoline generator market. 1 to 3 KW generators are mainly utilized
in the commercial and residential sector. A rising population coupled
with greater affluence and increased power outages should boost the
demand for these generators.
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The standby backup power segment is far
more critical than continuous power in the gasoline generator market.
Standby backup power has a market attractiveness index of 5.0 and
this is estimated to continue for the foreseeable future. Global
grids are unable to keep up with the surging demand for power leading
to frequent cases of rolling blackouts, especially in emerging
economies. Furthermore, new backup power generators loaded with
features such as wireless monitors and remote monitoring systems are
entering the gasoline generator market, encouraging adoption.
Gasoline generators are preferred by
residential users over diesel generators because of their lower
comparative cost. In addition to this, gasoline generators are
compact and air cooled, both of which are particularly desired by
residential end users in the gasoline generator market. The
residential end use segment is projected to record the highest CAGR
of 3.9% by value from 2017 to 2027 in the gasoline generator market.
North America accounts for more than
1/3rd share of the global gasoline generator market in 2017 and is
unlikely to cede this strong position to APEJ anytime soon. An
incremental dollar opportunity of more than US$ 110 million exists in
North America between 2017 and 2027 that can be mainly attributed to
non-residential construction activities in the U.S., supported by
large infrastructural investments.
The companies profiled in the gasoline
generator market report are Kohler Co., Honda Motor Co. Ltd., Generac
Power Systems, Yamaha Motor Co., SGS Engineering, Hyundai Power
Equipment, Stephill Generators Ltd., Champion Power Equipment,
Stanley Black & Decker, Techtronic Industries, Briggs &
Stratton Corporation, WEN Products, Lifan Power USA, A-iPower,
Westinghouse Electric Corporation, Honeywell International Inc.,
Zhejiang Wanhao Machine Science and Technology Co. and Nidec
Corporation.
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Companies have to optimise their value
chain to enhance and strengthen their presence in the global gasoline
generator market. Innovation is critical as the gasoline generator
market is brutally competitive with smaller players struggling to
make their mark. Noise and weight reduction in portable gasoline
generators can be a game-changer along with developing products that
are cost-effective. All these factors will further the penetration of
gasoline generators in the residential sector of the gasoline
generator market.
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