Asia Pacific Gasoline Gensets Market Size - By Power Rating (< 2 kW, 2 kW - 5 kW, 6 kW - 8 kW, > 8 kW - 15 kW), By Phase (Single Phase, Three Phase), By End Use (Residential, Commercial, Construction) & Forecast, 2024 – 2032

Asia Pacific Gasoline Gensets Market Size

Asia Pacific Gasoline Gensets Market was valued at USD 2.9 billion in 2023 and is predicted to witness more than 4.5% CAGR between 2024 and 2032. Increasing infrastructural investments coupled with flourishing construction sector will positively impact the industry landscape. For instance, in 2022, the construction sector constituted 6.9% of China's total gross domestic product, highlighting its substantial contribution to the nation's economy. Real estate and infrastructure development play a crucial role in supporting economic growth.
 

The rising preference for inverter generators, driven by growing consumer interest in fuel efficiency and environmental sustainability, is expected to have a favorable impact on the industry's expansion. These generators provide essential benefits such as quiet operation and reduced emissions, contributing to their increased adoption. Additionally, the region often faces extreme weather conditions and natural calamities, which significantly drive the demand for these generator sets.
 

COVID– 19 Impact

The gasoline generator sets market has witnessed growth despite the COVID-19 pandemic, with several factors driving this expansion. One key factor is the growing consumer preference for consistent power supply, especially in light of the increasing adoption of remote work practices in the region. there has been a notable increase in the demand for emergency electricity backup solutions, and the expansion of healthcare facilities has further contributed to the growth potential within the industry.
 

Asia Pacific Gasoline Gensets Market Trends

Growing demand for providing backup power to homes, businesses, and essential services will augment the business landscape. These gensets have gained popularity, especially in areas with unreliable grid power or for outdoor recreational activities. These generators are compact, easy to transport, and provide convenient power solutions for various applications, accelerating the industry potential. Moreover, environmental concerns and regulations may lead to a shift toward cleaner and more efficient gasoline gensets.
 

Asia Pacific Gasoline Gensets Market Analysis

The single phase gasoline gensets market will witness 4.5% growth rate up to 2032. Significant capital investments across the real estate and construction sectors are poised to enhance the need for dependable and top-notch power supply, thereby fueling the expansion of the industry. The rising levels of commercial and construction undertakings in the area are set to have a favorable influence on the business environment.
 

The 6 kW - 8 kW rated gasoline gensets industry holds a share of over 25% in 2022. The increasing prevalence of power outages, the degradation of grid infrastructure, and the rising occurrence of natural disasters have led to a growing interest in these units. Moreover, consumers' increasing awareness and preference for reliable and affordable backup power solutions are driving the strong adoption of these units. These units have a vital role in supplying electricity to job sites that do not have access to power, and they are indispensable for reinstating essential services. They are a fundamental part of the construction industry, supporting daily activities and guaranteeing the successful execution of projects.
 

The construction application was valued at over USD 1 billion in 2022. The adoption of these units in this area is poised for growth owing to the rising need for electricity to operate job site equipment, support communication systems, and provide lighting for uninterrupted operations. The increasing demand for electricity, driven by economic development and urbanization, will further boost the utilization of these units in the industry.
 

  

• The China gasoline gensets market was valued at USD 863.8 million in 2022. Government incentives and policies including subsidies for clean energy solutions and support for the development of distributed energy resources, will further foster the business outlook.
   
• This demand is driven by factors including increasing urbanization rate, extreme weather events, and the need for reliable power sources for both residential and commercial applications. The government has been implementing stricter emissions regulations to reduce pollution and improve air quality, which in turn will escalate the industry growth.  
   

Asia Pacific Gasoline Gensets Market Share

The primary players in the Asia Pacific gasoline gensets industry employ a range of tactics to uphold and enhance their market presence. These approaches are typically influenced by factors such as competitive pressures, technological innovations, shifts in regulations, and evolving customer preferences. The major players operating across the market include

• Cummins, Inc.
• Kirloskar
• Briggs & Stratton
• Kohler Co.
• Generac Power Systems
• Yamaha Motor Co.
• Caterpillar
• Deere & Company
• Honda Motor Co.
• Wacker Neuson SE
• Caterpillar
• Cooper Corp.
• GENESAL ENERGY
• MAHINDRA POWEROL
• Himalayan Power Machines Mfg. Co.
• Shaktiman Equipments Pvt. Ltd.

Cummins is a global leader in the design, manufacturing, and distribution of power generation equipment, including diesel and natural gas generators. They serve a wide range of applications, from residential and commercial to industrial and data centers. The company has built a strong reputation for producing reliable and high-quality gensets.
 

Asia Pacific Gasoline Gensets Industry News:

• In November 2022, Cummins Inc. established a strategic collaboration with Exergy Energy, a leading producer of backup power solutions. This partnership enables client locations to maintain uninterrupted operations during grid outages or peak demand periods using Cummins' comprehensive power system solutions, comprising generator sets, energy storage systems, and switching equipment. This alliance serves as a pivotal element for both companies to enhance their market footprint and expand their regional presence.
   
• In September 2021, Kirloskar acquired La-Gajjar Machineries (LGM), an Indian manufacturer of submersible & monoblock pumps. The company acquired 76% stakes in LGM in 2017 and the remaining was acquired over five years. With this acquisition, LGM now operates as a subsidiary company of Kirloskar. This acquisition has strengthened the company’s market presence around the world.
   

This Asia Pacific gasoline gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:

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By Power Rating

• < 2 kW
• 2 kW - 5 kW
• 6 kW - 8 kW
• > 8 kW - 15 kW

By Phase

• Single Phase
• Three Phase

By End Use

• Residential
• Commercial
• Construction

The above information has been provided for the following countries:

• Australia
• Japan
• China
• India
• Indonesia
• Thailand
• Philippines
• Malaysia
• Singapore
• Vietnam
• South Korea