Global Analysis of Single-phase Generator Set Market Size, Growth and Forecast
Report ID : 1363748 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Single-phase Generator Set Market is categorized based on Fuel Type (Gasoline, Diesel, Propane, Natural Gas) and End-Use (Residential, Commercial, Industrial, Construction, Emergency Backup) and Power Rating (Below 5 kW, 5 kW - 10 kW, 10 kW - 20 kW, Above 20 kW) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
With a valuation of $2.5 billion in 2023, the Single-phase Generator Set Market is expected to reach $4.1 billion by 2033, growing at a CAGR of 5.1% from 2024 onwards. The report encompasses various segments and analyzes the trends and factors significantly impacting the market.
The expanding use of power generators in homes and businesses is contributing to the steady progress of the single-phase generator set market. These generator sets are constructed to provide steady electrical output which makes them ideal for small business and residential applications. With the continuous increase in the requirement for reliable power resources, the single-phase generator set on the market has developed into a major component for productivity and operational efficiency in a number of different industries.
In recent times, developments in technology have led to the design and creation of generator sets that operate in higher efficiency as well as being ecologically friendly. Manufacturers now concentrate on optimizing fuel consumption as well as emission reduction which is common in the current global economic climate. This change shows that consumers’ attitudes are changing but it also demonstrates that the single-phase generator set can easily meet the needs of environmentally conscious clients who power supply.
With the evolution of competition and regulatory challenges in the sector, operators are seeking new opportunities. Verified Industry Insights understands how important single-phase generator set market is, so they put in the efforts to analyze market trends, technology shifts and consumer behavior. This culminated into actionable market research reports. Verified Industry Insights is dedicated to ensuring that businesses are able to make well-informed strategic decisions in the complex generator set market.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Honda Motor Co. Ltd., Generac Holdings Inc., Caterpillar Inc., Kohler Co., Briggs & Stratton Corporation, Yamaha Motor Co. Ltd., Champion Power Equipment Inc., Wacker Neuson SE, A-iPower Corporation, Pramac S.p.A., Powerland Products Inc. |
| SEGMENTS COVERED |
By Fuel Type - Gasoline, Diesel, Propane, Natural Gas
By End-Use - Residential, Commercial, Industrial, Construction, Emergency Backup
By Power Rating - Below 5 kW, 5 kW - 10 kW, 10 kW - 20 kW, Above 20 kW
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Single-phase Generator Set Market Dynamics
The Single-phase Generator Set Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Single-phase Generator Set Market Segmentations
Market Breakup by Fuel Type
- Overview
- Gasoline
- Diesel
- Propane
- Natural Gas
Market Breakup by End-Use
- Overview
- Residential
- Commercial
- Industrial
- Construction
- Emergency Backup
Market Breakup by Power Rating
- Overview
- Below 5 kW
- 5 kW - 10 kW
- 10 kW - 20 kW
- Above 20 kW
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Single-phase Generator Set Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Honda Motor Co. Ltd.
- Generac Holdings Inc.
- Caterpillar Inc.
- Kohler Co.
- Briggs & Stratton Corporation
- Yamaha Motor Co. Ltd.
- Champion Power Equipment Inc.
- Wacker Neuson SE
- A-iPower Corporation
- Pramac S.p.A.
- Powerland Products Inc.
Customization Options
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Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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