APAC Commercial Gensets Market size is predicted to grow substantially from 2020 to 2027, according to a latest forecast report by Graphical Research.
Asia Pacific industry growth is owing to recurring power failures & blackouts driven by increasing natural calamities and severe weather conditions. Rapid infrastructural expansion on account of increasing public and private investments which are focused towards development of commercial spaces will boost the product deployment. In addition, ongoing technological advancements along with shifting consumer awareness toward adoption of emergency backup solutions will enhance the market landscape.
> 750 kVA commercial gensets market is anticipated to witness accelerated growth through 2027 on account of its capability to minimize enormous costs incurred during electricity fluctuations and outages across several sectors. In addition, rising demand from data centers driven by widespread curfews in the nation and adoption of work from home regime by the companies, following the sudden outbreak of coronavirus will positively complement the market revenue. The alarming health risk from the pandemic and urgency to provide reliable and consistent electricity supply to the intensive care units to sustain critical operations will further result in wide scale product adoption.
The gas fuel segment will observe a notable rise till 2027 due to shifting consumer focus toward environment conservation in combination with implementation of stringent emission laws by the regulatory authorities. Paradigm shift toward adoption of cleaner fuels with an aim to curb fossil fuel consumption and achieve energy security will further boost the market size. Additionally, rising investment toward development of LNG infrastructure driven by the increasing adoption of mega O&G exploration projects will complement market scenario.
Browse detailed statistical insights from the report, “Asia Pacific Commercial Gensets Market Size By Application (Standby, Peak Shaving, Prime/Continuous), By Power Rating (< 50 kVA, 50 kVA - 125 kVA, 125 kVA - 200 kVA, 200 kVA - 330 kVA, 330 kVA - 750 kVA, > 750 kVA), By Fuel (Diesel, Gas, Hybrid), By End-Use (Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Real Estate, Commercial Complex, Construction, Infrastructure, Large Industries), Research Report, Country Outlook (China, India, Japan, Australia, South Korea), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
Prime/Continuous application based gensets is poised to grow rapidly over the forecast period owing to their ability to provide a stable power load thereby, providing uninterruptable electricity supply to those areas where there is a need to install power at a specific remote location. In addition, widespread applicability of these units across construction, mining, infrastructure, military, and agriculture coupled with capability to deliver power across lighting, sound systems, and facilities at various events and locations that may frequently change, such as for staging or ceremonies.
Japan commercial gensets market will dominate the revenue share between 2021 and 2027 due to restructuring activities and ongoing construction driven by suitable government funding. In addition, increasing number of foreign students & immigrants will fuel the demand for housing establishments thereby, enhancing the urge for reliable power supply, which in turn will encourage the industry. Furthermore, developing super specialty hospitals across the region to cater to the rising count of coronavirus patients will foster the market growth.
Manufacturers operating across Asia Pacific commercial gensets industry are aiming toward forming strategic partnerships, joint ventures, and M&A to increase their product portfolio, advance technological improvements and strengthen their market share.
Key players operational across the market are Powermax, Yamaha Corporation, Mahindra Powerol, Greaves Cotton Limited, Prakash Diesel, Generac Holdings, Kirloskar Oil Engine, Sudhir Power, Caterpillar, Kohler, Briggs & Stratton, Cummins, Siemens, Honda Motor, JCB and amongst others.
The APAC commercial gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Power Rating
- <50 kVA
- 50-125 kVA
- 125-200 kVA
- 200-330 kVA
- 330-750 kVA
- >750 kVA
Asia Pacific Market, By Fuel
Asia Pacific Market, By End Use
- Data Centers
- Educational Institutions
- Government Centers
- Retail Sales
- Real Estate
- Commercial Complex
- Large Industries
Asia Pacific Market, By Application
- Peak Shaving
The above information has been provided for the following countries:
- Asia Pacific
- South Korea