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    ASEAN Generator Sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By Fuel (Diesel, Gas, Hybrid), By End-Use (Residential, Commercial {Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Agriculture, Aquaculture), Industrial {Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics), By Application (Standby, Peak Shaving, Prime/Continuous), Industry Analysis Report, Country Outlook (Indonesia, Malaysia, Thailand, Vietnam), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2030
    Published Date: August 2020   |   Report ID: GR1398   |   Delivery: PDF  Request Free Sample

    ASEAN Generator Sets Market size is anticipated to grow at a significant CAGR through 2030 on account of surging investments toward infrastructural development coupled with rising demand for emergency electricity backup. Increasing end user preference toward continuous power along with its wider applicability will drive the large-scale commercialization of generator sets.

    The outspread of coronavirus has resulted in nationwide lockdown followed by halted industry operations across all affected economies. Escalated data demand on account of increased electricity utilization from residential establishments coupled with urgency to cater to the growing demand from Intensive Care Units will fuel the market growth.

    <75 kVA generator sets market will witness a substantial growth owing to elevated demand from mega residential spaces driven by exponential data usage through e-commerce & social networking platforms and smartphones. In addition, rising number of single families across Asia Pacific on account of thriving population will impart a driving force for mass adoption of these units.

    Diesel generator sets market is set to boom on account of its ability to offer longer product life of engine in line with reliable performance. Availability of sustainable alternatives comprising gas and hybrid fuel-based gensets along with mandated emission norms may hamper the product growth, however, their capability to facilitate lower operating costs will result in sustainable product demand.

    Technological upgradations and ongoing digitization primarily across developing nations coupled with expansion of data centers in consort with flourishing IT sector will stimulate the industry landscape. Further, the capacity of generator sets to offset the massive costs incurred by sudden power outage due to voltage fluctuations is set to augment the deployment of these units across all commercial spaces.

    Heightened applicability of DG sets across prime power applications on account of absence of 24*7 electricity due to aging grid infrastructure coupled with government initiatives to improve electrification rate. Increased deployment of gensets for integrating the electricity network with renewable energy sources and in order to support the electric framework owing to high electricity demand will spur the market growth.

    Indonesia generator sets market is anticipated to grow on account of restricted access to electricity and persistent power cuts across the nation in line with government initiatives comprising of adoption of rural electrification and smart city development projects. For instance, Government of Indonesia, in 2004, announced its National Long Term Development Plan from 2005 to 2025 that focusses on infrastructural development and facilitates energy subsidies.

    Eminent industry players are focusing toward offering product differentiation via designs and aesthetics in order to maintain their market presence. Key market participants include Atlas Copco, Mitsubishi Heavy Industries, Cummins, Yamaha Motor, Siemens and Wärtsilä amongst others.


    Frequently Asked Question(FAQ) :

    What is the Significance of ASEAN Generator Sets Market in nearby future?
    ASEAN Generator Sets Market Share is projected to grow on account of surging investments toward infrastructural development coupled with rising demand for emergency electricity backup. Increasing end user preference toward continuous power along with its wider applicability will drive the large-scale commercialization of generator sets.
    On what basis is the Segmentation of market done?
    ASEAN Generator Sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By Fuel (Diesel, Gas, Hybrid), By End-Use (Residential, Commercial {Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Agriculture, Aquaculture), Industrial {Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics), By Application (Standby, Peak Shaving, Prime/Continuous), Industry Analysis Report, Country Outlook (Indonesia, Malaysia, Thailand, Vietnam), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2030
    Which are the Companies involved in this market?
    Key market participants include Atlas Copco, Mitsubishi Heavy Industries, Cummins, Yamaha Motor, Siemens and Wärtsilä amongst others.

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