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Asia Pacific Generator Sets Market Analysis

  • Report ID: GMI8915
  • Published Date: Apr 2024
  • Report Format: PDF

Asia Pacific Generator Sets Market Analysis

The > 50 kVA - 125 kVA rated generator sets market will exceed USD 9.5 billion by 2032. These units are primarily deployed across residential, telecom, and small-scale commercial facilities. The escalation of natural disasters coupled with deteriorating grid infrastructure will increasingly cause power outages, creating opportunities for business expansion. A shift in paradigm toward embracing cost-effective and efficient power solutions will drive growth in the industry, supported by their economic feasibility and operational adaptability.
 

Asia Pacific Generator Sets Market Revenue Share, By Fuel, 2023

The diesel gensets market will witness an appreciable growth of over 7% through 2032. These units are predominantly utilized to provide standby or mobile power on account of their adaptable, scalable, and weather-resistant operation. The growing demand from industries including oil & gas, mining, telecom, and construction will drive the adoption of these systems. Moreover, the rise in government initiatives aimed at enhancing electrification rates coupled with the increasing need for electricity in remote areas, will contribute to a favorable industry outlook.
 

China Generator Sets Market Size, 2022 - 2032 (USD Billion)

China generator sets market will surpass USD 16 billion by 2032. The robust expansion of data centers along with continual upgrades in the IT sector will the invigorate business dynamics. Growing emphasis on digitalization in line with the rising frequency of power outages will additionally fuel business opportunities. Heightened demand for dependable and uninterrupted power supply in educational institutions and government facilities will drive the deployment of these systems.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for generator sets was reached USD 21 billion in 2023 and is set to grow at 7.5% between 2024 and 2032, driven by increasing consumer inclination toward increased reliability.

Diesel gensets from fuel type segment held a decent market share in 2023 and is set to grow at 7% till 2032, driven by growing demand from industries including oil & gas, mining, telecom, and construction.

China generator sets market will surpass USD 16 billion by 2032, driven by robust expansion of data centers.

Ashok Leyland, Atlas Copco AB,Caterpillar, Deere & Company, FG Wilson, Generac Power Systems, HIMOINSA, Honda India Power Products, Kirloskar, Kohler Co. among others.

Asia Pacific Generator Sets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 686
  • Countries covered: 12
  • Pages: 280
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