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Asia Pacific Gasoline Gensets Market Trends

Report ID: GMI6915
Published Date: Oct 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of gasoline gensets in APAC was worth USD 2.9 billion in 2023 and is estimated to surpass USD 4.4 billion by 2032, due to the increasing infrastructural investments coupled with flourishing construction sector.

APAC single phase gasoline gensets market size is set to record 4.5% CAGR from 2023 to 2032, owing to significant capital investments across the real estate and construction sectors.

What factors are driving China gasoline gensets market growth?

Some of the major Asia Pacific gasoline gensets industry players are Cummins, Inc., Kirloskar, Briggs & Stratton, Kohler Co., Generac Power Systems, Yamaha Motor Co., Caterpillar and Deere & Company.