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Asia Pacific Gasoline Gensets Market Size

Report ID: GMI6915
Published Date: Oct 2023
Report Format: PDF

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Asia Pacific Gasoline Gensets Market Size

Asia Pacific Gasoline Gensets Market was valued at USD 2.9 billion in 2023 and is predicted to witness more than 4.5% CAGR between 2024 and 2032. Increasing infrastructural investments coupled with flourishing construction sector will positively impact the industry landscape. For instance, in 2022, the construction sector constituted 6.9% of China's total gross domestic product, highlighting its substantial contribution to the nation's economy. Real estate and infrastructure development play a crucial role in supporting economic growth.

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The rising preference for inverter generators, driven by growing consumer interest in fuel efficiency and environmental sustainability, is expected to have a favorable impact on the industry's expansion. These generators provide essential benefits such as quiet operation and reduced emissions, contributing to their increased adoption. Additionally, the region often faces extreme weather conditions and natural calamities, which significantly drive the demand for these generator sets.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of gasoline gensets in APAC was worth USD 2.9 billion in 2023 and is estimated to surpass USD 4.4 billion by 2032, due to the increasing infrastructural investments coupled with flourishing construction sector.

APAC single phase gasoline gensets market size is set to record 4.5% CAGR from 2023 to 2032, owing to significant capital investments across the real estate and construction sectors.

What factors are driving China gasoline gensets market growth?

Some of the major Asia Pacific gasoline gensets industry players are Cummins, Inc., Kirloskar, Briggs & Stratton, Kohler Co., Generac Power Systems, Yamaha Motor Co., Caterpillar and Deere & Company.