Global Residential Gas Generator Market 2024-2028
The residential gas generator market is forecasted to grow by USD 599.9 mn during 2023-2028, accelerating at a CAGR of 7.08% during the forecast period. The report on the residential gas generator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing popularity of gas generators, power blackouts due to natural calamities, and high demand from emerging economies.
Technavio's residential gas generator market is segmented as below:
By Type
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the emerging alternative backup power packs as one of the prime reasons driving the residential gas generator market growth during the next few years. Also, emerging technologies for electricity generation and increasing adoption of a rental model will lead to sizable demand in the market.
The report on the residential gas generator market covers the following areas:
- Residential gas generator market sizing
- Residential gas generator market forecast
- Residential gas generator market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential gas generator market vendors that include Aggreko PLC, Atlas Copco AB, Briggs and Stratton LLC, Caterpillar Inc., Champion Power Equipment Inc., Cummins Inc., DuroMax Power Equipment, Generac Holdings Inc., Honda Motor Co. Ltd., Kohler Co., PR INDUSTRIAL Srl, Pulsar Products Inc., Rolls Royce Holdings PLC, WEN Products, and Yanmar Holdings Co. Ltd.. Also, the residential gas generator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.