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Asia Pacific Industrial Generator Market Size
Asia Pacific Industrial Generator Market was valued at USD 10.8 billion in 2022 and is set to observe around 7.6% CAGR from 2023 to 2032. Rapid industrialization and urbanization coupled with increased demand for a reliable power supply will foster the business landscape. For instance, the urbanization rate across the India increased by 1.5% on a year-on-year basis.
The demand for generators will be driven by a stable power supply, as this is a priority for many businesses and industries across the region. These generators provide a sense of energy security and as a backup to prevent disruptions in essential services. Moreover, industrial generators are essential for powering various operations, such as mining, agriculture, and telecommunications
How big is the Asia Pacific industrial generator market?
Asia Pacific market for industrial generator size was USD 10.8 billion in 2022 and may reach over USD 22.8 billion by 2032, due to the rapid industrialization and urbanization coupled with increased demand for reliable power supply in the region.
What factors are driving the industrial generator market growth in Japan?
What factors are driving the industrial generator market growth in Japan?
Why is the demand for ? 75 kVA industrial generators rising in Asia Pacific?
The ? 75 kVA power rating segment in the Asia Pacific industrial generator market is expected to register 8.9% CAGR from 2023 to 2032, due to the increasing need for reliable backup power solutions in industries, commercial establishments, and critical infrastructures.
Which are the key industrial generator companies in Asia Pacific?
Some of the influential APAC industrial generator market players are Sterling Generator, HIMOINSA, Caterpillar, Atlas Copco AB, Supernova Genset, J C Bamford Excavators Ltd, MAHINDRA POWEROL, Deere & Company, Ashok Leyland, Greaves Cotton Limited, among others.