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APAC Gasoline Gensets Market revenue to rise exponentially till 2027
Published Date: 2021-04-22
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APAC Gasoline Gensets Market size is estimated to see tremendous growth from 2021 to 2027, according to a latest forecast report by Graphical Research.
The industry growth is owing to increasing demand for reliable and continuous power and ongoing industrialization across the developing nations. Rising intensity and frequency of natural calamities leading to chronic outages will further enhance the product deployment. In addition, surging need for refurbishment of the existing infrastructure along with rising population will foster the market landscape.
The 8-15 kVA gasoline gensets market will witness accelerated growth through 2027on account of rising demand for consistent power across job sites in various sectors including real estate, marine, industries commercial spaces. Unreliable grid infrastructure and surging customer inclination toward power backup solutions in line with strengthening construction activities will augment the market share. The product integrates key advantages including ease of movement and minimal operational cost which in turn will fuel the market demand.
Residential application segment is subjected to grow substantially between 2021 and 2027 led by rapid population growth and flourishing real estate sector. These units are primarily deployed for power backup across residential flats, houses, cottages, and bungalows to deliver power continuity during blackouts, and weather-related outages. Small surface footprint, affordable price, and quick response time while grid failure, are some of the key parameters accelerating the product deployment.
Browse detailed statistical insights from the report, “Asia Pacific Gasoline Gensets Market Size By Phase (Single Phase, Three Phase), By Power Rating (< 2 kVA, 2 kVA - 3.5 kVA, 3.5 kVA - 5 kVA, 5 kVA - 6.5 kVA, 6.5 kVA - 8 kVA, 8 kVA - 15 kVA), By End Use (Residential, Commercial, Construction), Research Report, Country Outlook (China, Japan, India, Indonesia, South Korea), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
The sudden corona virus spread followed by government imposition of nation-wide curfews resulted decline in the functioning of the industries. The ability of these units to deliver essential electricity supply coupled with rapid development of super-specialty hospitals to serve the COVID-19 patients will enhance the product demand. In addition, wider applicability of these units across commercial and healthcare sector will fuel the market revenue.
South Korea gasoline gensets market is projected to grow at a lucrative CAGR during the forecast period owing to the rapid commercial and residential establishments coupled with the increasing demand for fulfilling the electricity supply requirements. In addition, extreme weather conditions leading to an upsurge in electricity outages and refurbishment of existing power infrastructure will boost the market expansion. Subsequently, growing significance of emergency preparedness and power backup solutions amongst the consumers will drive the market demand.
Eminent players operating across the Asia Pacific gasoline gensets industry are focusing technological advancements in response to the operational limitations including pollutant emission levels, noise levels, and the ability to work in severe conditions. Key players functioning across the market are Siemens, Atlas Copco, Cummins, Westinghouse Electric Corporation, Caterpillar, Generac, Yamaha, Wacker Neuson, Kohler, Kirloskar Oil Engines, Stephill Generators and Honda Motors.
The APAC gasoline 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
- < 2 kVA
- 2 kVA - 3.5 kVA
- 3.5 kVA - 5 kVA
- 5 kVA - 6.5 kVA
- 6.5 kVA - 8 kVA
- 8 kVA - 15 kVA
Asia Pacific Market, By Phase
- Single Phase
- Three Phase
Asia Pacific Market, By End Use
The above information has been provided for the following countries:
- Asia Pacific
- South Korea