Asia Pacific Commercial Standby Generator Sets Market Share is set to witness significant growth on account of rising demand for uninterrupted power supply coupled with widespread industrial application. Growing demand for reliable power supply across industries including healthcare, mining and data centers among others coupled with expansive product portfolios developed by manufacturers is set to positively impact the business scenario.

Standby gensets are mainly deployed in emergency situations, primarily during an electrical outage. Decline in production across the board on account of the COVID-19 pandemic has adversely impacted the overall product installation. However, coming out of the second quarter as manufacturers resume production, demand for new projects and rising investment towards infrastructure overhaul in the region will propel the market growth.

>75 kVA will undergo rapid growth owing to the increasing demand for powerful and compact generator sets. Intensifying natural disasters, aging grid infrastructure and rise in power failure & blackouts are some of the key factors contributing toward improving the business scenario. Additionally, ongoing shift in business landscape toward information technology and digitization will augment the product adoption.

Natural gas will witness rapid growing on account of growing environmental concerns coupled with manufacturers in the market investing more toward the development of clean fuel. Stringent government regulations pertaining to limiting emissions will boost the product demand. Additionally, expanding LNG infrastructure and comparative ease of availability of natural gas will complement the business scenario.

Agriculture is projected to witness high growth to avoid catastrophic consequences for confined livestock due to power interruption. Growing demand for steady uninterrupted electricity supply and gradual increase in application base including dairy refrigeration systems, farm pumps, and irrigation systems will further propel the market growth. In addition, establishment of distribution channels has granted access to an untapped customer base.

China will witness growth on account of rapid industrialization coupled with major commercial overhaul. Growing urbanization, a robust service sector, and existence of areas without steady supply of electricity are some of the key factors driving the product demand in this country. Additionally, growing technological advancements along with increasing purchasing power are few of the paramount factors encouraging the product adoption.

The market is characterized by players that deliver finished products to installers who in turn are responsible for providing post sale services to their customers. Additionally, major players are focusing on backward integration to maintain economies of scale and to maintain high quality standards. Key market players include Briggs & Stratton, Cummins, Generac, Himoinsa, Caterpillar, Yamaha, Ingersoll-Rand, JCB, Mahindra Powerol, Kirloskar, MTU, Atlas Copco, Ashok Leyland, John Deere, Mitsubishi and Wärtsilä among others.