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Asia Pacific Construction Generator Sets Market Size

Report ID: GMI9353
Published Date: May 2024
Report Format: PDF

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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.

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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.

Asia Pacific Construction Generator Sets Market Report Attributes
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:	Surging intensity of weather-related disasters Increasing investments across the real state sector Surging demand for emergency power Rapid urbanization & increasing consumer propensity
Pitfalls & Challenges:	High operation & maintenance cost

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Asia Pacific construction generator sets market size was USD 3.5 billion in 2023 and is expected to register 8.9% CAGR from 2024-2032 owing to the increasing demand for infrastructure development, construction projects comprising of buildings, airports, bridges, and road in the region.

Asia Pacific construction generator sets industry from the > 330 kVA - 750 kVA segment is expected to reach over USD 1 billion by 2032 due to growing demand for reliable and energy efficient gensets especially for large scale construction sites with limited space.

China construction generator sets industry is expected to cross USD 3 billion by 2032 due to rapid expansion of commercial complexes & industrial facilities in conjunction with favorable government norms and standards in the country.

HIMOINSA, J C Bamford Excavators Ltd., Kohler Co., Kirloskar, Mitsubishi Heavy Industries Ltd., Mahindra Powerol, Powerica Limited, Sterling and Wilson Pvt. Ltd., Wärtsilä, and Yamaha Motor Co., Ltd., are some of the major construction generator sets companies in Asia Pacific.