Asia Pacific Standby Generator Sets Market - By Power Rating, By Fuel (Diesel, Gas), By Application (Residential, Commercial, Industrial), By Country Outlook & Forecast, 2024 – 2032

Asia Pacific Standby Generator Sets Market Size

Asia Pacific standby generator sets market size in 2023 was valued at USD 12.4 billion and is set to grow at a rate of 7.1% between 2024 and 2032. The growing need for an uninterrupted power supply, driven by factors comprising of natural disasters, frequent electricity outages and the increasing reliance on technology is set to boost the product demand. For instance, in January 2024, Japan experienced a magnitude 7.5 earthquake near the northern coast of the Noto Peninsula on Honshu's western shore.
 

Standby generators are essential backup power systems that automatically supply electricity to homes, businesses, and critical facilities during power outages. These generators are permanently installed and connected directly to the building's electrical system ensuring a seamless transition when the main power source fails. These systems are powered by different fuels and are crucial in maintaining operations in facilities where continuous power is vital.
 

Asia Pacific Standby Generator Sets Market Trends

The standby generator sets market is poised for significant growth owing to rapid industrialization and the booming commercial sector. The rising urbanization and population growth along with the increasing need for uninterrupted power supply will drive demand for these generators. Additionally, growing investments in residential infrastructure expansion and frequent power outages will further propel the business growth. Growing consumer awareness of power backup solutions along with the increasing demand for enhanced comfort and security will drive the industry landscape.

Asia Pacific Standby Generator Sets Market Analysis

 The > 50 kVA - 150 kVA rated standby generator sets market will cross over USD 6 billion by 2032. The increasing demand for backup power solutions capable of supporting larger loads, particularly in commercial and industrial sectors will foster the business growth. These generators are favored for their durability, efficiency, and ability to provide high power output, making them a preferred choice for emergency power supply. Continuous technological advancements including real-time performance monitoring, proactive maintenance and remote operation will further accelerate the product adoption.
 

 The diesel standby generator sets market size will witness growth rate of over 6.5% through 2032. Rising frequency of power outages owing to grid instability, natural disasters and aging infrastructure, businesses and homeowners are investing in these generators to ensure uninterrupted operations and safety. Additionally, ongoing technological advancements in diesel engine technology are enhancing fuel efficiency and reducing emissions, further boosting the product penetration.
 

 The China standby generator sets market is set to surpass USD 7.5 billion by 2032. The rapid expansion of commercial complexes, office complexes, and production plants will boost the industry potential. The widespread adoption of these systems to ensure constant operations and minimize downtime across wide tandem of areas will support the business growth. Additionally, environmental concerns and government regulations promoting cleaner and greener energy solutions will further drive the industry dynamics.
 

The growing frequency of extreme weather events coupled with aging power infrastructure and the necessity for an uninterrupted power supply will escalate the South Korea standby generator sets market. The adoption of smart technologies and connectivity features is becoming increasingly significant in promoting business growth. Additionally, a shift toward reducing carbon footprints and enhancing environmental sustainability will positively impact the industry potential. Furthermore, increased infrastructural investments and the expansion of small and medium-scale industries will favor the business scenario.
 

Asia Pacific Standby Generator Sets Market Share

Gillette Generators offers a range of reliable and high-performance generators designed to meet diverse power needs. The company cater to both residential and commercial applications providing dependable power solutions for any situation. With advanced engineering and cutting-edge technology, these generators ensure consistent and stable power delivery. It emphasizes ease of maintenance and user-friendly operation, making their generators a preferred choice for those seeking robust and long-lasting power solutions.
 

Asia Pacific Standby Generator Sets Market Companies

The key industry players include:

• Ashok Leyland
• Atlas Copco
• Briggs & Stratton
• Caterpillar
• Cummins, Inc.
• Eaton
• Escorts Group
• Generac Power Systems, Inc.
• Gillette Generators
• HIMOINSA
• HIPOWER
• Kirloskar
• Kohler Co.
• Mahindra Powerol
• Powerica
• Rolls-Royce plc
• Wärtsilä
• Yamaha Motor Co.
   

Asia Pacific Standby Generator Sets Industry News

• In April 2024, Cummins has introduced two new generator models, the C2750D6E and C3000D6EB, as part of their acclaimed Centum Series powered by robust QSK78 engine. These models offer power outputs of 2750 kW and 3000 kW respectively, are engineered for critical applications including data centers, healthcare facilities, and wastewater treatment plants. With a compact design, these generators facilitate space optimization while delivering maximum power output, marking a notable evolution in the company’s approach to power system design.
   
• In February 2023, Caterpillar introduced 15 new gas gensets with power ratings ranging from 20 to 200 kW. The gensets are specifically designed for demand response, emergency standby, and prime operation in small 60-Hz applications. They are equipped with the company’s dual-fuel auto changeover innovation technology, allowing customers to connect both natural gas and propane sources to a single unit. The units are designed for quick response and are U.S. EPA-certified for emergency use, meeting the highest standards for reliability and performance.
   

The Asia Pacific standby generator sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Power Rating

• ≤ 50 kVA
• > 50 kVA - 150 kVA
• > 150 kVA - 300 kVA
• > 300 kVA - 500 kVA
• > 500 kVA

Market, By Fuel

• Diesel
• Gas
• Others

Market, By Application

• Residential
• Commercial
• Industrial

The above information has been provided for the following countries:

• China
• Australia
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Philippines
• Myanmar
• Bangladesh