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Asia Pacific Industrial Generator Market Trends

Report ID: GMI7325
Published Date: Nov 2023
Report Format: PDF

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Asia Pacific Industrial Generator Market Trends

The industrial generator market is poised for decent growth owing to stringent environmental regulations that encourage energy efficiency and a growing focus on cleaner energy sources. This industry is predicted to profit from the rising demand for reliable and uninterrupted power supply in sectors like manufacturing, oil & gas, mining, and construction sites. Furthermore, strict government regulations and a move towards reducing power interruptions are estimated to fuel the expansion in this sector.

An industrial generator is a specialized machine or device designed to produce electrical power, typically in situations where a consistent and reliable power supply is required. These generators are widely used in industrial settings to provide electricity during planned or unplanned power outages, or in off-grid and remote locations where a connection to the electrical grid may not be available.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

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.

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.

What factors are driving the industrial generator market growth in Japan?

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.