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ASEAN Home Standby Gensets Market Size By Product (Air Cooled, Liquid Cooled), By Power Rating (<10 kVA, 10 kVA - 50 kVA, 50 kVA – 100 kVA, >100 kVA), By Fuel (Gas, Diesel), By Phase (Single Phase, Three Phase), Industry Analysis Report, Country Outlook (Indonesia, Thailand, Philippines, Malaysia, Vietnam), Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Published Date: December 2020 | Publisher: Graphical Research Report ID: GR1568 | Delivery : PDF  Request Free Sample

ASEAN Home Standby Gensets Market value will witness growth on account of rising demand for uninterrupted power supply along with rapid urbanization growth. Growing intensity & frequency of continued power disruptions owing to deteriorating weather conditions, grid inadequacy, and degrading resilience of transmission and distribution infrastructure will positively sway the industry dynamics. Moreover, favorable government norms & policies toward the implementation of gas operated power generating sources to reduce GHG emissions will boost the business scenario.

Rising disposable income, enhanced consumer spending coupled with increasing significance of emergency backup sources will drive the < 10 kVA capacity home standby gensets market. Growing deployment of these units across smaller homes, regular apartments, societies, etc. for essential power demand along with serving as a low cost emergency power solution will further foster the product demand. Standby units under this range can effectively power home appliances which includes refrigerator, sump pump, furnace, freezer, lights, etc.

Natural gas operated home standby gensets will witness growth on account of stringent government norms toward the usage of coal fired power generation sources followed by .growing consumer inclination toward low emission fuels. Lower environmental impacts followed by minimal fuel containment issues which includes storage of diesel tanks and other fuels will further drive the product demand. Moreover, ability of these gensets to produce lower particulate matter when compared with diesel fueled engines will in turn fuel the industry landscape.

Growing applicability of single phase gensets across the rural and unstructured power networks will in turn fuel the product demand. Improved price affordability as well as adequate energy output to power the essential appliances across a grid failure will further accelerate the product demand across small & medium sized households. In addition, rising installation of these units across residential facilities will continue to propel the industry.

Indonesia home standby gensets market will observe an upsurge on account of versatile product applications followed by ongoing power fluctuations. Accelerating frequency & intensity of weather-related difficulties resulting in chronic power outages will further fuel the product adoption. In addition, replacement of conventional gensets with advanced units to fulfill the emission requirements will thrust the business scenario.

COVID - 19 is estimated to have minimal impact toward the installation of home standby gensets owing to rising electricity demand along growing infrastructural development. However, major manufacturers are focusing toward the installation of these units across the developing regions which will further fuel the industry dynamics.

Major manufacturers across ASEAN market includes Cummins, Briggs & Stratton, Kirloskar Oil Engines Limited, Caterpillar, Generac, SDMO Industries, Mahindra Powerol, Atlas Copco, Himoinsa, Siemens AG and amongst others.
 

Frequently Asked Question(FAQ) :

Segmental analysis of market based on Fuel, Product, Phase, Power Rating and Region.
Major manufacturers across ASEAN home standby gensets market includes Cummins, Briggs & Stratton, Kirloskar Oil Engines Limited, Caterpillar, Generac, SDMO Industries, Mahindra Powerol, Atlas Copco, Himoinsa, Siemens AG and amongst others.
Indonesia home standby gensets market will observe an upsurge on account of versatile product applications followed by ongoing power fluctuations.

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