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Asia Pacific Commercial Gensets Market Trends

Report ID: GMI8648
Published Date: Mar 2024
Report Format: PDF

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Asia Pacific Commercial Gensets Market Trends

Increasing dependency on uninterrupted power supply across wide multitude of applications along with growing trend toward hybrid systems will augment the generator sets market. Ongoing technological advancements aimed at improving efficiency, reducing emissions, and enhancing overall performance, will in turn will fuel the product penetration. Rapid industrialization along with surging urbanization rate and increasing infrastructural investments will fuel the industry potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for commercial gensets was reached USD 9.3 billion in 2023 and is estimated to grow at 7.4% CAGR up to 2032, due to increasingly stringent environmental regulations and the shift towards cleaner power sources.

Asia Pacific commercial diesel gensets market size will witness over 6.5% growth rate from 2024 to 2032, led by the notable increase in demand for sturdy construction activities, especially in the building of hospitals and healthcare facilities.

India commercial gensets market size will exceed USD 3.5 billion by 2032, owing to the expansion of electrification initiatives, coupled with the widespread deployment of generators to bolster the primary grid or synergize with renewable energy sources.

Some of the key commercial genset industry players across APAC include Aggreko, ASHOK LEYLAND, Atlas Copco, Briggs & Stratton, Caterpillar, and Cummins