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Industry Developments
In recent months, the Canada Gas Generator Market has seen significant developments, particularly driven by the increasing demand for backup power solutions and the continued transition towards clean energy. Companies like Generac Holdings and Cummins have been expanding their product offerings to include more environmentally friendly generator options. In June 2023, Atlas Copco and KOHLER announced new collaborations focused on enhancing energy efficiency in gas generator technologies, appealing to both residential and commercial sectors. Major players, including Briggs and Stratton and Honda Motor, have reported improvements in market valuation, which has, in turn, intensified competition within the sector. In terms of mergers and acquisitions, in October 2023, Cleveland Brothers announced the acquisition of a Canadian equipment dealer, expanding its footprint in the region, which is expected to enhance service capabilities. The Canadian government has also been actively promoting policies that support cleaner energy projects, impacting product development and market strategy for companies like Mitsubishi Heavy Industries and Wacker Neuson. Additionally, industry growth is backed by increased initiatives to improve resilience against power outages, further solidifying the demand for gas generators in Canada.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 384.38(USD Million) |
| MARKET SIZE 2024 | 400.62(USD Million) |
| MARKET SIZE 2035 | 601.84(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.769% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Briggs & Stratton, Wacker Neuson, Cummins, Mitsubishi Heavy Industries, Generac Holdings, Cleveland Brothers, Barton International, Parker Hannifin, Winston Engineering, Honda Motor, Atlas Copco, Deutz AG, Caterpillar, Yanmar, KOHLER |
| SEGMENTS COVERED | Power Capacity, End User |
| KEY MARKET OPPORTUNITIES | Rising demand for backup power, Renewable energy integration, Expansion of construction projects, Increasing remote area electrification, Growth in outdoor recreational activities |
| KEY MARKET DYNAMICS | growing demand for backup power, increasing construction activities, environmental regulations and compliance, technological advancements in generators, rising popularity of portable generators |
| COUNTRIES COVERED | Canada |
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FAQs
What is the expected market size of the Canada Gas Generator Market in 2024?
The Canada Gas Generator Market is expected to be valued at 400.62 million USD in 2024.
What will be the market size of the Canada Gas Generator Market by 2035?
By 2035, the Canada Gas Generator Market is projected to reach a valuation of 601.84 million USD.
What is the compound annual growth rate (CAGR) for the Canada Gas Generator Market from 2025 to 2035?
The market is expected to grow at a CAGR of 3.769% from 2025 to 2035.
Which segment holds the largest market share in the Canada Gas Generator Market?
The segment with the largest share is the < 1 MW category, valued at 200.246 million USD in 2024.
What is the forecasted market value for the < 1 MW segment by 2035?
The < 1 MW segment is expected to grow to a market value of 225.436 million USD by 2035.
Who are the key players in the Canada Gas Generator Market?
Major players in the market include Cummins, Generac Holdings, and Briggs & Stratton among others.
How much is the 301 KW-1 MW segment expected to be valued at in 2035?
The 301 KW-1 MW segment is projected to be valued at 226.196 million USD by 2035.
What are the emerging trends in the Canada Gas Generator Market?
Increasing demand for reliable power sources and advancements in generator technology are key trends.
What challenges does the Canada Gas Generator Market currently face?
Challenges include regulatory constraints and fluctuations in fuel prices affecting market dynamics.
What opportunities exist within the Canada Gas Generator Market?
Opportunities lie in renewable energy integration and expanding industrial applications for gas generators.
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