Home > Energy & Power > Electrical Equipment > Generator Sets > Asia Pacific Commercial Standby Generator Sets Market

Asia Pacific Commercial Standby Generator Sets Market Trends

  • Report ID: GMI7171
  • Published Date: Oct 2023
  • Report Format: PDF

Asia Pacific Commercial Standby Generator Sets Market Trends

The commercial gensets industry will experience a growth owing to an increase in weather-related disasters and a rise in the frequency of brief power outages worldwide. The growing commercial sector and rising consumer awareness of backup power solutions have been proven to be influential on business growth. The industry has consistently worked on technological advancements to create gensets that meet the strict regulatory requirements. A rapid expansion in data centers and IT infrastructure are seen to be influential in catering the demand for the industry.
 

Commercial standby generator sets refer to a class of backup power generation systems designed and installed in commercial and industrial settings to provide a reliable and uninterrupted supply of electricity during power outages, grid failures, or other electrical disruptions. These generators are stationary and permanently installed on-site, and they automatically activate when they detect an interruption in the primary power source.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial standby generator sets in APAC was worth USD 6.6 billion in 2023 and is estimated to surpass USD 13.1 billion by 2032, owing to higher dependency on power and ensuring uninterrupted power supply.

The gas fuel segment held over 25% of the Asia Pacific commercial standby generator sets market share in 2022, driven by the surging emphasis on cleaner and more environmentally friendly energy sources.

China standby generator sets industry exceeded USD 2.3 billion in 2022, due to the escalating data centre outage costs.

Cummins, Kirloskar, Briggs & Stratton, Kohler, Generac Power Systems, Yamaha Motor, Powerica Ltd., and Escorts Group are some of the major commercial standby generator set providers in APAC.

Asia Pacific Commercial Standby Generator Sets Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 435
  • Countries covered: 11
  • Pages: 160
 Download Free Sample