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Asia Commercial Genset Market Size, By Fuel (Diesel, Gas, Hybrid), By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By End-Use (Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Agriculture, Aquaculture), By Application (Standby, Peak Shaving, Prime/Continuous), Research Report, Country Outlook (China, India, Australia, South Korea, Thailand, Malaysia, Indonesia), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026

Published Date: February 2021 | Publisher: Graphical Research Report ID: GR1680 | Delivery : PDF

Asia Commercial Genset Market size is estimated to witness significant growth between 2020 and 2026 driven by continuous construction activities owing to increasing public and private investment towards infrastructure development. Ongoing technological upgradation coupled with shifting consumer inclination towards adoption of power backup solutions will fuel the product installation. Rising demand for uninterrupted power supply following frequent power failures and voltage fluctuations is set to augment the industry outlook.

Asian Market, By Power Rating

75-375 kVA rated gensets will experience increased adoption on account of ongoing digitalization across economies comprising India and Indonesia driven by prevailing Industrial Revolution 4.0. In addition, rising research and development activities focused at driving innovations across the gensets industry while offering more energy & fuel-efficient units will propel the market landscape.

Asian Market, By Fuel

Diesel generator sets will gain an appreciable momentum during the forecast period due to its ability to provide flexible and reliable engine performance. Introduction of hybrid fueled engines on account of rising environmental concern focused at reducing the overall carbon emission may pose serious challenge for the deployment of diesel gensets. However, ability to offer economical pricing and prolonged lifespan in conjunction with successful integration of emission effective solutions is set to strengthen the market scenario.

Asian Market, By End-Use

The sudden outbreak of corona virus has resulted in several economies imposing strict ban on public movement with an aim of controlling the virus spread, thereby severely impacting the Asian commercial genset industry operations. However, rising urgency to construct make-shift hospitals to cater to the accelerating count of infected patients and increasing medical tourism will positively influence the product deployment across healthcare establishments. Furthermore, necessity to provide reliable and consistent power supply to the ICUs engaged in COVID-19 hospitals will continue to entail the large-scale product deployment.

Rising electricity demand following surging population growth primarily across Asian nations has forced power utilities to opt for load shedding periods, enhancing the product adoption for peak shaving applications. Growing population share with limited or zero access to electricity coupled with increasing unreliability of power grid driven by unfavorable weather conditions will further complement the industry expansion.

Asian Market, By Country

Indonesia market for commercial genset will experience considerable growth through 2026 on account of robust construction of restaurants, hotels and airports with an aim to cater to the booming tourism sector. For instance, the number of international tourists visiting the nation rose from 15.81 million in 2018 to 16.11 million in 2019. Escalating power failures following natural catastrophes comprising volcanic eruptions and earthquakes has resulted in nation-wide electricity outage.

Competitive Industry Landscape

Key participants operating across the market includes Kirloskar Oil Engines Limited, Cummins, Caterpillar, Powerica, Yamaha Motor, Atlas Copco, Ashok Leyland, Supernova Gensets, Himoinsa, and Mitsubishi Heavy Industries, amongst others. Industry players are practicing backward integration to achieve quality standards, economies of scale and in order to sustain their market size.
 

Frequently Asked Question(FAQ) :

The industry size for commercial gensets in Asia will see significant expansion through 2026 with robust construction activities and the surge in public and private investments for infrastructure development.
The Asia 75-375 kVA market size will observe positive inclination due to their growing adoption and ongoing digitalization across developing economies like India and Indonesia.
Asian industry share from the diesel fuel segment will reach a significant revenue share by 2026 owing to the robust ability to offer flexible and reliable engine performance.
Indonesia market size will witness robust growth through 2026 owing to the increased construction of restaurants, hotels, and airports to meet the demands of the expanding tourism sector.

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Asia Commercial Genset Market Size Forecast Report 2026


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