According to the research report titled ‘North America Gasoline Gensets Market Forecast 2027 By Engine Class, By Power Rating, By End-use, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America gasoline gensets market is slated to grow at a robust pace through 2027.
 

Seasoned experts cite that the need for a stable electricity supply across schools and households since the onset of the Covid-19 pandemic has played a pivotal role in amplifying North America gasoline gensets market growth.

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Besides, massive power outages as a result of natural disasters continue to stimulate industry growth. For instance, in 2020, Hurricane Zeta left the United States in a state of uproar as approximately 2.6 million homes experienced power outages and subsequently augment the demand for durable generator sets to cope with future calamities. Moreover, the widespread availability of fuel makes gasoline generators a convenient option for users in Canadian and US enterprises and households.

Notably, gasoline gensets can be used as primary and secondary power sources. These are viable options that may be utilized in commercial spaces such as hospitals and factories where power outages can be detrimental to their functional stability.

Based on end-user scope, North America gasoline gensets industry is fragmented into commercial, residential, and construction. Of these, the residential segment is gaining momentum owing to a surge in power expenditures, high cycle production, demand for consistent supply, and all-day usage.

In terms of power rating, 2.5 KvA-rated gasoline gensets are slated to garner strong demand over the analysis period due to their dependability, efficiency, smooth operation, and speedy power delivery across applications like constructions and backup power.

With respect to geographical analysis, the United States is anticipated to contribute significantly to the industry growth owing to government regulations mandating the installation of safe and reliable power supply technologies.

The competitive landscape of gasoline gensets market in North America is majorly influenced by Generac Power Systems, Deere & Company, Atlas Capco North America LLC, Champion Power Equipment, Wacker Neuson SE, Caterpillar Inc., A-iPower Corp, Kirloskar Electric Company Ltd, Cummins Inc., Lifan Power USA, SUMEC Machinery and Electric Co., Ltd., and Siemens AG.