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Asia Pacific Air Cooled Home Standby Gensets Market Size

  • Report ID: GMI9663
  • Published Date: May 2024
  • Report Format: PDF

Asia Pacific Air Cooled Home Standby Gensets Market Size

Asia Pacific Air Cooled Home Standby Gensets Market was valued at USD 1.37 billion in 2023 and is estimated to grow at a CAGR of 5% from 2024 to 2032. Significant rise in number of weather-related disasters in line with increasing demand for power backup solutions will drive the business growth.

 

An air-cooled home standby genset, short for generator set, is a backup power system designed for residential use. These generators that use a liquid coolant usually water and antifreeze to regulate temperature, air-cooled generators rely on an integrated air-cooling system. These systems use fans and vents to dissipate heat and maintain the generator's optimal operating temperature. These units are a reliable source of backup power during electrical outages and require less maintenance compared to its available counterparts.
 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for air cooled home standby gensets was reached USD 1.37 billion in 2023 and is estimated to grow at 5% CAGR from 2024 to 2032 due to surging intensity of weather-related disasters and flourishing real estate sector.

The three phase segment in the APAC air cooled home standby gensets market will witness growth rate of over 4% through 2032 due to the requirement for a stable power infrastructure and the growing consumer awareness of backup power sources.

China air cooled home standby gensets market is set to surpass USD 800 million by 2032 owing to rise in rapid urbanization and increasing consumer propensity.

Ashok Leyland, Baudouin, Caterpillar, Cummins, DEUTZ, Eaton, FG Wilson, Generac Power Systems, HIMOINSA, Kirloskar, Kohler Co., Mahindra POWEROL and MITSUBISHI HEAVY INDUSTRIES, LTD., among others.

Asia Pacific Air Cooled Home Standby Gensets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 8
  • Countries covered: 10
  • Pages: 100
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