The market for generator sets with spark-ignition internal combustion piston engines with an output of less than 7.5 kVA in Croatia showed a moderate growth trajectory from 2013 to 2023, reaching a value of 1.3974 million euros in 2023. The last two years witnessed moderate increases, with year-on-year growth rates of 1.79% in 2022 and 1.75% in 2023. Over the past five years, the compound annual growth rate (CAGR) settled at a modest 0.58%, reflecting overall market stability with slight fluctuations.
Future trends to watch for include:
- Innovations in fuel efficiency and emissions reduction technology.
- Growing demand for portable and emergency backup power solutions.
- Potential impact of regulatory changes promoting cleaner energy sources.
- Market responses to competitive pressures from alternative energy solutions.
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