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Asia Pacific Air Cooled Home Standby Gensets Market Trends

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

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Asia Pacific Air Cooled Home Standby Gensets Market Trends

Ongoing refurbishment of T&D networks coupled with flourishing real estate industry will positively impact the generator sets market. These are typically kept inside of a weatherproof and soundproof enclosure, which protects the generator from the elements and muffles noise while it is running. Increasing consumer inclination toward reducing emissions and improving efficiency of systems will further augment the business landscape. Rapid urbanization along with surging intensity of weather-related disasters will play a significant role in shaping the demand curve for the industry.

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.