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Asia Pacific Construction Generator Sets Market Trends

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

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Asia Pacific Construction Generator Sets Market Trends

Government initiatives aimed at improving infrastructure including smart cities projects, rural electrification schemes, and investment in public utilities has created the opportunities for the adoption of these systems. Increasing frequent power outages and unreliable power grids in line with rapidly growing severity of natural disasters will further complement the product penetration. Integration of renewable energy sources including solar or battery power in traditional fuel powered engines will augment the business landscape.

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.

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