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Asia Pacific Generator Sets Market Size

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

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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.

 

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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