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Asia Pacific Generator Sets Market Size - By Power Rating (≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, > 750 kVA), By Fuel, By End-Use, By Application, Country Outlook & Forecast, 2024 – 2032

  • Report ID: GMI8915
  • Published Date: Apr 2024
  • Report Format: PDF

Asia Pacific Generator Sets Market Size

Asia Pacific Generator Sets Market was valued at USD 21 billion in 2023 and is estimated to grow at a CAGR of 7.5% between 2024 and 2032. Increasing consumer inclination toward increased reliability and zero downtime will favor the business scenario. In addition, escalating demand for reliable electricity supply and high investments in T&D infrastructure will drive the demand for gensets.

Asia Pacific Generator Sets Market

Generator sets, commonly referred to as gensets, are mechanical systems consisting of an engine and an electric alternator combined into a single unit. These systems are designed to generate electricity by converting mechanical energy into electrical energy. The engine, typically powered by diesel, gasoline, natural gas, or propane, drives the generator to produce electricity. The alternator within the generator set converts the rotational energy from the engine into electrical energy through the principle of electromagnetic induction.


Asia Pacific Generator Sets Market Trends

The expansion of these units on a large scale to ensure a dependable and continuous power supply across the real estate sector and automotive production will propel the business growth. Unforeseen power interruptions resulting from weather-related outages and grid failures cause revenue losses in these sectors, accelerate the deployment of the product. Furthermore, the vigorous expansion of data centers, aligning with their growing relevance in preventing system downtimes, startup complications, and the loss of in-process information, will energize the industry dynamic.

Asia Pacific Generator Sets Market Analysis

Asia Pacific Generator Sets Market Size, By Power Rating, 2022 - 2032 (USD Billion)

The > 50 kVA - 125 kVA rated generator sets market will exceed USD 9.5 billion by 2032. These units are primarily deployed across residential, telecom, and small-scale commercial facilities. The escalation of natural disasters coupled with deteriorating grid infrastructure will increasingly cause power outages, creating opportunities for business expansion. A shift in paradigm toward embracing cost-effective and efficient power solutions will drive growth in the industry, supported by their economic feasibility and operational adaptability.

Asia Pacific Generator Sets Market Revenue Share, By Fuel, 2023

The diesel gensets market will witness an appreciable growth of over 7% through 2032. These units are predominantly utilized to provide standby or mobile power on account of their adaptable, scalable, and weather-resistant operation. The growing demand from industries including oil & gas, mining, telecom, and construction will drive the adoption of these systems. Moreover, the rise in government initiatives aimed at enhancing electrification rates coupled with the increasing need for electricity in remote areas, will contribute to a favorable industry outlook.

China Generator Sets Market Size, 2022 - 2032 (USD Billion)

China generator sets market will surpass USD 16 billion by 2032. The robust expansion of data centers along with continual upgrades in the IT sector will the invigorate business dynamics. Growing emphasis on digitalization in line with the rising frequency of power outages will additionally fuel business opportunities. Heightened demand for dependable and uninterrupted power supply in educational institutions and government facilities will drive the deployment of these systems.

Asia Pacific Generator Sets Market Share

Asia Pacific Generator Sets Company Market Share Analysis, 2023

Honda India Power Products, a division of Honda Siel Power Products Ltd., is one of the leading manufacturers of power equipment in the Asian market. Renowned for their reliability, efficiency, and durability, the company’s gensets cater to a wide range of applications, from residential to commercial and industrial use. It offers dependable power solutions to meet various needs, ensuring uninterrupted electricity supply in diverse areas.

Asia Pacific Generator Sets Market Companies

Some major players operating in the Asia Pacific generator sets industry is mentioned below:

  • Ashok Leyland
  • Atlas Copco AB
  • Briggs & Stratton
  • Caterpillar
  • Cummins
  • Deere & Company
  • FG Wilson
  • Generac Power Systems
  • Honda India Power Products
  • Kirloskar
  • Kohler Co.
  • Mahindra Powerol
  • Mitsubishi Heavy Industries
  • Powerica
  • Rapid Power Generation
  • Rolls-Royce
  • Sterling & Wilson
  • Sudhir Power
  • Supernova Genset
  • Wärtsilä
  • Yamaha Motor Co.

Asia Pacific Generator Sets Industry News

  • In October 2022, Generac Power Systems entered into a distribution agreement with EODev, a French-based manufacturer & developer of zero emission hydrogen fuel power generators based in France. As per this agreement, Generac will supply EODev's GEH2 to the global market. The agreement stated that Generac’s capability for its generator sets to manage & maintenance, client support, rental solution, and in-house services across the country. The agreement also offered its availability & growth of alternative energy in the industrial power sector.
  • In March 2022, Mitsubishi Heavy Industries Engine & Turbocharger, a subsidiary of the Mitsubishi Heavy Industries group, has unveiled the MGS-R portfolio of diesel powered generators. This range is specifically designed to meet the increasing requirements of the digital economy in the Middle East and Asian markets. Comprising 21 models that span across various power rating categories, this series provides a dependable power solution for industries in the region.

This Asia Pacific generator sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2019 to 2032, for the following segments:

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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 Fuel

  • Diesel
  • Gas
  • Hybrid

Market, By End Use

  • Residential
  • Commercial
    • Telecom
    • Healthcare
    • Data Centers
    • Educational Institutions
    • Government Centers
    • Hospitality
    • Retail Sales
    • Real Estate
    • Commercial Complex
    • Infrastructure
    • Others
  • Industrial
    • Oil & Gas
    • Manufacturing
    • Construction
    • Electric Utilities
    • Mining
    • Transportation & Logistics
    • Others

Market, By Application

  • Standby
  • Peak Shaving
  • Prime/Continuous

The above information has been provided for the following countries:

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


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for generator sets was reached USD 21 billion in 2023 and is set to grow at 7.5% between 2024 and 2032, driven by increasing consumer inclination toward increased reliability.

Diesel gensets from fuel type segment held a decent market share in 2023 and is set to grow at 7% till 2032, driven by growing demand from industries including oil & gas, mining, telecom, and construction.

China generator sets market will surpass USD 16 billion by 2032, driven by robust expansion of data centers.

Ashok Leyland, Atlas Copco AB,Caterpillar, Deere & Company, FG Wilson, Generac Power Systems, HIMOINSA, Honda India Power Products, Kirloskar, Kohler Co. among others.

Asia Pacific Generator Sets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 686
  • Countries covered: 12
  • Pages: 280
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