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Asia Pacific Commercial Diesel Gensets Market
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Asia Pacific Commercial Diesel Gensets Market Size
Asia Pacific Commercial Diesel Gensets Market was valued at USD 7.4 billion in 2023 and is anticipated to grow at a CAGR of 8% from 2024 to 2032. The rapid urbanization in emerging economies coupled with rising investments by both public and private entities in the telecom sector, has driven the need for dependable backup power solutions.
To get key market trends
The diesel gensets market is poised for substantial growth owing to the implementation of strict environmental regulations favouring sustainable energy sources for power generation. Rapid industrialization in line with stringent regulations pertaining to grid reliability, emissions standards, and environmental sustainability will fuel the industry growth. Moreover, continuous technological advancements coupled with increasing demand across remote telecommunication towers and healthcare sectors will proliferate the business scenario.
Asia Pacific Commercial Diesel Gensets Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2023 |
| Market Size in 2023 | USD 7.4 Billion |
| Forecast Period 2024 - 2032 CAGR | 8% |
| Market Size in 2032 | USD 14.9 Billion |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Asia Pacific Commercial Diesel Gensets Market Trends
The growing need for standby applications including healthcare, telecommunications, and data centers, coupled with favorable governmental regulations and emissions standards, will energize the product deployment across the region. Moreover, the incorporation of IoT and digitalization technologies into diesel gensets, enabling remote monitoring and optimization, has bolstered the expansion of the industry.
Asia Pacific Commercial Diesel Gensets Market Analysis
Learn more about the key segments shaping this market
The > 50 kVA - 125 kVA rated commercial gensets market is likely to reach over USD 2.5 billion by 2032. The escalating dependence on digital technologies and delicate electronic devices has heightened the necessity for consistent and reliable power provision, thus spurring the requirement for these units. Additionally, escalating investments aimed at expanding telecommunication networks to wider coverage and accommodating elevated usage demands underscores the drive toward embracing dependable backup power solutions, accelerating the industry potential.
Learn more about the key segments shaping this market
The data centers commercial generator sets market is projected to achieve 7% CAGR through 2032, on account of the growing need for reliable power sources, ensuring continuity during grid outages or disruptions, which in turn will stimulate the product deployment. Increasing initiatives by government authorities and private entities to address energy security challenges and minimize the impact of power interruptions in critical operations will invigorate the industry's prospects. In addition, the growth of data center infrastructure, including the construction of new facilities and the expansion of existing ones will drive the product penetration.
Looking for region specific data?
The China commercial diesel gensets market valuation to exceed over USD 7.5 billion by 2032, driven by the continuous expansion of hospitals, commercial building, and data centers, driving the industry outlook. Additionally, government initiatives aimed at improving energy efficiency, reducing emissions, and enhancing energy security influence will positively sway the adoption of diesel gensets across the country.
Asia Pacific Commercial Diesel Gensets Market Share
Caterpillar is one the key players in the commercial diesel genset industry. The company provides an extensive selection of commercial diesel gensets customized to suit the varied requirements of multiple sectors, encompassing construction, mining, telecommunications, healthcare, and hospitality. Recognized for their sturdy build, cutting-edge engine technology, and exceptional performance, Caterpillar's diesel gensets excel in delivering backup power for crucial operations.
Asia Pacific Commercial Diesel Gensets Market Companies
Major key players operating across the Asia Pacific commercial diesel gensets industry include:
- Aggreko
- Ashok Leyland
- Atlas Copco
- Caterpillar
- Cummins Inc.
- Deere & Company
- FG Wilson
- Generac Power Systems, Inc.
- HIMOINSA
- J C Bamford Excavators Ltd.
- Kirloskar
- Kohler Co.
- Mahindra Powerol
- Mitsubishi Heavy Industries Ltd.
- Powerica Limited
- Rolls-Royce Plc
- Sudhir Power Ltd.
- Supernova Genset
- Wärtsilä
- YANMAR HOLDINGS CO., LTD.
Asia Pacific Commercial Diesel Gensets Industry News
- In December 2022, Kirloskar Oil Engines and RITES formalized a strategic Memorandum of Understanding, marking a collaborative effort to explore synergistic business opportunities within the genset domain. This partnership aims to leverage expertise in infrastructure and urban transport sectors, with a dual focus on domestic and international markets. Furthermore, by combining strengths, both entities seek to innovate and deliver comprehensive solutions to meet evolving industry demands.
- In March 2022, Mitsubishi Heavy Industries Engine & Turbocharger launched the MGS-R Series of diesel generator sets, strategically crafted to cater to the expanding requirements of the digital economy in Asian markets. This comprehensive series, comprising 21 models spread across various power rating categories, ensures a dependable power supply for a wide array of commercial applications, reinforcing its position as a versatile solution provider in the region.
This Asia Pacific commercial diesel gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2019 to 2032, for the following segments:
Market, By Power Rating
- ≤ 50 kVA
- > 50 kVA - 125 kVA
- > 125 kVA - 200 kVA
- > 200 kVA - 330 kVA
- > 330 kVA - 750 kVA
- > 750 kVA
Market, By End Use
- Telecom
- Healthcare
- Data Centers
- Educational Institutions
- Government Centers
- Hospitality
- Retail Sales
- Real Estate
- Commercial Complex
- Infrastructure
- Others
Market, By Application
- Standby
- Peak Shaving
- Prime/Continuous
The above information has been provided for the following countries:
- Australia
- China
- India
- South Korea
- Indonesia
- Japan
- Thailand
- Vietnam
- Philippines
- Myanmar
- Malaysia
- Bangladesh
Frequently Asked Question(FAQ) :
What is the size of the Asia Pacific commercial diesel gensets market?
The Asia Pacific market for commercial diesel gensets was worth USD 7.4 billion in 2023 and will expand at about 8% CAGR during 2024 and 2032, due to region's rapid industrialization and urbanization and the need for uninterrupted power supply in emerging economies.
What factors are rising demand for data centers commercial generator sets?
The data centers commercial generator sets market will secure 7% CAGR through 2032, attributed to the region's rapid expansion of data center facilities, increasing demand for uninterrupted power supply, and reliance on diesel gensets for backup power.
How big is the China commercial diesel gensets market?
China commercial diesel gensets industry will record USD 7.5 billion by 2032, driven by the country's booming industrial sector, rapid urbanization, and increasing demand for reliable power backup solutions.
Which are the leading manufacturers operating in the Asia Pacific commercial diesel gensets market?
Key manufacturers operating in commercial diesel gensets across Asia Pacific are FG Wilson, Generac Power Systems, Inc., HIMOINSA, J C Bamford Excavators Ltd., Kirloskar, Kohler Co., Mahindra Powerol, Mitsubishi Heavy Industries Ltd., Powerica Limited, Rolls-Royce Plc, Sudhir Power Ltd., Supernova Genset among others.
