In 2023, the market size volume for generator sets with spark-ignition internal combustion piston engines under 7.5 kVA in Italy stood at 59,860 units. The volume observed a growth trend from 2013 to 2018, peaking in 2018. However, a decline set in 2019, continuing through 2021, with minor recoveries in 2022 and 2023. The five-year CAGR ending in 2023 was -2.97%. The market showed an uptick in growth over the last two years, with modest year-on-year increases in 2022 and 2023.
Looking ahead, watch for:
• Increasing interest in sustainable and efficient energy solutions could spur a shift towards alternative power generators.
• Economic recovery and infrastructure development might drive demand in construction and residential markets.
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