North America Gasoline Genset Market Introduction 

A gasoline genset, also known as a petrol generator, is a type of portable generator that runs on gasoline or petrol fuel. It is typically used as a backup power source for homes, small businesses, and outdoor activities. The North America gasoline genset market refers to the market for these types of generators in the North American region, which includes the United States, Canada, and Mexico.The demand for gasoline gensets in North America is driven by various factors, including the need for reliable backup power in the event of power outages, the growth of the construction and infrastructure industries, and the increasing demand for portable power solutions for outdoor activities such as camping and RVing. The market for gasoline gensets in North America is highly competitive, with several major players operating in the region.

North America Gasoline Genset Market Size

The North America Gasoline Genset market was valued at approximately $620 million in 2020 and is expected to reach a valuation of over $750 million by the end of 2030, with a CAGR of around 2% between 2021 and 2030. The market growth can be attributed to the increasing demand for backup power solutions in residential and commercial sectors, especially during power outages and emergencies. Additionally, the rise in construction activities and the increasing adoption of gasoline gensets in remote areas and off-grid locations are also expected to drive the market growth in North America.

North America Gasoline Genset Market Share

he North American gasoline genset market accounted for a significant share of the global gasoline genset market. The report estimated that North America accounted for around 32% of the global gasoline genset market share in 2020.The report also stated that the market share of gasoline gensets in North America was expected to increase due to factors such as an increase in power outages caused by extreme weather events and an increase in construction and infrastructure development projects.It's important to note that market share can vary depending on the specific manufacturer, application, and region within North America. Therefore, these figures should be taken as a rough estimate and are subject to change based on various market factors.

North America Gasoline Genset Market Trends

Here are some of the trends in the North American gasoline genset market as of 2021:

Increased demand due to power outages: The increasing frequency and severity of extreme weather events such as hurricanes, wildfires, and winter storms have led to an increase in power outages, which has driven demand for gasoline gensets as a backup power source.

Growing construction industry: The construction industry in North America is growing, which has led to an increase in demand for portable gasoline gensets for construction sites and other temporary power needs.

Emergence of smart gensets: The adoption of smart technology in gasoline gensets is on the rise, allowing for remote monitoring, predictive maintenance, and more efficient energy usage.

Environmental concerns: There is a growing awareness of the environmental impact of gasoline gensets, which has led to an increased interest in alternative fuel options such as propane and natural gas.

Increasing competition: The North American gasoline genset market is becoming increasingly competitive, with new players entering the market and established companies expanding their product offerings.

These are just some of the trends that are shaping the North American gasoline genset market as of 2021, and it's likely that new trends will emerge in the coming years.

North America Gasoline Genset Market Driving factors

Here are some of the driving factors of the North American gasoline genset market as of 2021:

Increasing frequency of power outages: The North American region experiences a high frequency of power outages, which has driven demand for gasoline gensets as a backup power source.

Growing construction industry: The construction industry in North America is growing, which has led to an increase in demand for portable gasoline gensets for construction sites and other temporary power needs.

Emergence of smart gensets: The adoption of smart technology in gasoline gensets is on the rise, allowing for remote monitoring, predictive maintenance, and more efficient energy usage.

Aging power infrastructure: The power infrastructure in North America is aging, which has led to an increased risk of power outages, thereby driving demand for gasoline gensets.

Increasing demand for residential backup power: There is an increasing demand for residential backup power systems due to concerns about power outages and extreme weather events.

Technological advancements: The development of more efficient and advanced gasoline gensets is driving demand, as customers seek to reduce fuel consumption and maintenance costs while maximizing power output.

These are just some of the driving factors of the North American gasoline genset market as of 2021, and it's likely that new factors will emerge in the coming years.

North America Gasoline Genset Market Regional Analysis

Here is a regional analysis of the North American gasoline genset market as of 2021:

United States: The United States accounted for the largest share of the North American gasoline genset market in 2020. The country is expected to maintain its dominant position due to factors such as a growing construction industry, increasing frequency of power outages, and high demand for residential backup power systems.

Canada: Canada accounted for a significant share of the North American gasoline genset market in 2020. The country's market is driven by factors such as a growing construction industry, extreme weather events, and aging power infrastructure.

Mexico: Mexico is an emerging market for gasoline gensets in North America. The country's market is driven by factors such as increasing demand for backup power systems, rising industrialization, and growth in the construction industry.

It's important to note that regional analysis can vary depending on factors such as population density, economic growth, and government policies. Therefore, these figures should be taken as a rough estimate and are subject to change based on various market factors.

North America Gasoline Genset Market Forecasts 2030 

Gasoline gensets are generators that run on gasoline as their primary fuel source. They are commonly used as backup power sources for residential, commercial, and industrial applications. The North American gasoline genset market is expected to grow steadily over the forecast period due to the increasing demand for reliable and uninterrupted power supply.Factors that are likely to drive market growth include the rising frequency of power outages caused by severe weather events, aging power grids, and the need for backup power in critical facilities like hospitals, data centers, and airports. Additionally, the increasing number of construction activities and infrastructure development projects in the region is expected to boost demand for gasoline gensets.However, the market growth may be hindered by the availability of alternative power sources like diesel gensets, renewable energy sources, and battery storage systems, which could provide a more cost-effective and environmentally friendly option for some customers.

Overall, the North American gasoline genset market is expected to continue to grow in the coming years, albeit at a moderate pace, with the residential sector being the largest end-user segment.

North America Gasoline Genset Market Key Industry Players

Some of the major players in the North American gasoline genset market include:

Generac Holdings Inc.

Cummins Inc.

Briggs & Stratton Corporation

Kohler Co.

Honda Motor Co., Ltd.

Yamaha Motor Co., Ltd.

Champion Power Equipment, Inc.

WEN Products

Westinghouse Electric Corporation

Firman Power Equipment

These companies offer a wide range of gasoline gensets with different power ratings, sizes, and features to cater to the diverse needs of customers in the residential, commercial, and industrial sectors. They also provide various after-sales services, such as installation, maintenance, and repair, to ensure that their products perform optimally throughout their lifecycle.

These key industry players invest heavily in research and development to improve the performance, efficiency, and reliability of their gasoline gensets. They also focus on strategic partnerships, collaborations, and acquisitions to expand their market presence and gain a competitive advantage in the North American gasoline genset market.