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Asia Pacific Construction Generator Sets Market Size
- Report ID: GMI9353
- Published Date: May 2024
- Report Format: PDF
Asia Pacific Construction Generator Sets Market Size
Asia Pacific Construction Generator Sets Market size in 2023 was valued at USD 3.5 billion and is projected to grow at a rate of 8.9% between 2024 and 2032. Increasing demand for infrastructure development, construction projects comprising of buildings, airports, bridges, and road require reliable power sources, thereby driving the demand for generator sets. For instance, in April 2023, the 14th Five-Year Plan in China highlights the prioritization of new infrastructure initiatives focusing on transportation, energy, water systems, and urban development.
Construction generator sets are specialized equipment used in the construction industry to provide temporary electrical power at job sites where access to the main power grid may be limited or unavailable. Rising investments in residential, commercial, and industrial construction projects will contribute to the demand for these units. In addition, growing technological advancements in generator sets including the development of more fuel-efficient engines, integration of digital controls for remote monitoring, and the adoption of cleaner and greener power sources will augment the business outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Asia Pacific Construction Generator Sets Market Size in 2023: | USD 3.5 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.9% |
| 2032 Value Projection: | USD 7.5 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Power Rating, Fuel, Application & Country |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Asia Pacific Construction Generator Sets Market Scope
