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Asia Pacific Gasoline Gensets Market Size
- Report ID: GMI6915
- Published Date: Dec 2024
- Report Format: PDF
Asia Pacific Gasoline Gensets Market Size
The Asia Pacific gasoline gensets market was valued at USD 3.1 billion in 2024 and is estimated to grow at a CAGR of 4.5% from 2025 to 2034. Rising investments in infrastructure coupled with a thriving construction sector is set to enhance the industry outlook. For instance, in 2023, the construction industry accounted for over 6.5% of China's total GDP, underscoring its pivotal role in the country's economy. Real estate and infrastructure development remain vital drivers of economic growth.
A gasoline generator sets is a device that utilizes an engine to convert the chemical energy in fuel into electricity. It primarily serves as a portable power solution for homes, construction sites, and outdoor recreational activities. The industry growth is anticipated to benefit from the increasing popularity of inverter generators, driven by consumer demand for fuel efficiency and environmentally friendly options. These generators offer key advantages, including quiet operation and lower emissions, which have boosted their adoption. Furthermore, the region's frequent exposure to extreme weather events and natural disasters substantially fuels the demand for these generator sets.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Asia Pacific Gasoline Gensets Market Size in 2024: | USD 3.1 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2025 to 2034 CAGR: | 4.5% |
| 2034 Value Projection: | USD 4.8 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 8 |
| Segments covered: | Power Rating, End Use, Phase and Country |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Asia Pacific Gasoline Gensets Market Scope
