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Asian Commercial Genset Market revenue to rise exponentially till 2026

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Asian Commercial Genset Market size is expected to grow substantially through 2026, according to a latest forecast report by Graphical Research.

The industry growth is due to recurring voltage fluctuation and power outages following the extreme weather conditions including tsunamis, volcanic eruptions and earthquakes. Growing industry inclination towards emergency preparedness and suitable power backup options is set to stimulate the product deployment across the region.

<75 kVA commercial genset market share will grow at a healthy rate till 2027 owing to accelerating power demand from commercial housing societies propelled by extended data utilization due to adoption of work from home regime by several companies. In addition, the ability to offer constant power supply to the construction site thus ensuring smooth operations of onsite heavy equipment will enhance the business outlook.

Rising consumer awareness toward environment protection in conjunction with increasing stringency of government norms aimed promoting independency from fossil fuels will result in wide scale gas based gensets deployment. Moreover, increasing government spending on expansion and development of LNG infrastructure along with increasing adoption of oil and gas exploration projects will escalate the product installation.

Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1680/asia-commercial-genset-market

Robust development of commercial spaces including malls, hotels and airports driven by rising funding from private and public players will drive the gensets deployment across retail sales. Moreover, escalating need for continuous power to operate these sites while catering to the growing customer footfall following increased living standards and disposable income will augment the market scenario.

Standby market is anticipated to grow at a lucrative CAGR in the coming years on account of increasing consumer propensity toward deployment of backup power solutions attributed to frequent power cuts and poor electricity grid infrastructure. Easy availability and economic pricing along with robust development of distribution network is set to improve the sale of commercial gensets. Further, extensive utilization of these units as a prominent power source primarily across remote and off-grid locations will provide significant impetus to the market.

Malaysia commercial genset market share is set to expand at high growth rate from 2020 to 2026 owing to increasing government funding toward development and expansion of commercial infrastructure. Furthermore, establishment of industries comprising of telecom and data centers with an aim of promoting digital infrastructure will amplify the product penetration. For instance, Malaysian government, in its budget for financial year 2020, announced a grant worth USD 12.37 million (RM50 million) for the development of 5G ecosystem across the nation.

Leading industry participants are forming strategic partnerships and are focussed at driving the innovations across the industry with an aim of sustaining. The prominent market players functioning comprise of Ashok Leyland, Kirloskar Oil Engines Limited, Yamaha Motor, Cummins, Powerica, Caterpillar, Mitsubishi Heavy Industries, and Atlas Copco amongst others.

The Asian commercial genset market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:

Asia Market, By Power Rating

  • <75 kVA
  • 75-375 kVA
  • 375-750 kVA
  • >750 kVA

Asia Market, By Fuel

  • Diesel
  • Gas
  • Hybrid

Asia Market, By End Use

  • Telecom
  • Healthcare
  • Data Centers
  • Educational Institutions
  • Government Centers
  • Hospitality
  • Retail Sales
  • Agriculture
  • Aquaculture
  • Others

Asia Market, By Application

  • Standby
  • Peak Shaving
  • Prime/Continuous

The above information has been provided for the following countries:

  • Asia
    • China
    • Australia
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand