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Asia Pacific Industrial Generator Market Size - By Fuel (Diesel, Gas), By End Use (Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics), By Application (Standby, Peak Shaving, Prime/Continuous), Power Rating & Forecast, 2023 – 2032

  • Report ID: GMI7325
  • Published Date: Nov 2023
  • Report Format: PDF

Asia Pacific Industrial Generator Market Size

Asia Pacific Industrial Generator Market was valued at USD 10.8 billion in 2022 and is set to observe around 7.6% CAGR from 2023 to 2032. Rapid industrialization and urbanization coupled with increased demand for a reliable power supply will foster the business landscape. For instance, the urbanization rate across the India increased by 1.5% on a year-on-year basis.

Asia Pacific Industrial Generator Market

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The demand for generators will be driven by a stable power supply, as this is a priority for many businesses and industries across the region. These generators provide a sense of energy security and as a backup to prevent disruptions in essential services. Moreover, industrial generators are essential for powering various operations, such as mining, agriculture, and telecommunications.

COVID– 19 Impact

The global community has confronted an unexpected and severe outbreak of COVID-19, significantly affecting the industrial generator market. This persistent crisis has resulted in a substantial decrease in investments for expanding construction and power generation projects, thereby affecting the progress of these sectors. Nevertheless, the market's future prospects are expected to brighten with widespread vaccination campaigns now in progress, thanks to the successful creation of vaccines.

Asia Pacific Industrial Generator Market Trends

The industrial generator market is poised for decent growth owing to stringent environmental regulations that encourage energy efficiency and a growing focus on cleaner energy sources. This industry is predicted to profit from the rising demand for reliable and uninterrupted power supply in sectors like manufacturing, oil & gas, mining, and construction sites. Furthermore, strict government regulations and a move towards reducing power interruptions are estimated to fuel the expansion in this sector.

An industrial generator is a specialized machine or device designed to produce electrical power, typically in situations where a consistent and reliable power supply is required. These generators are widely used in industrial settings to provide electricity during planned or unplanned power outages, or in off-grid and remote locations where a connection to the electrical grid may not be available.

Asia Pacific Industrial Generator Market Analysis

AAsia Pacific Industrial Generator Market Size, By Power Rating, 2021 - 2032 (USD Billion)

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Based on power rating, the ≤ 75 kVA generator sets market will witness 8.9% growth rate from 2023 to 2032. The need for reliable backup power solutions in industries, commercial establishments, and critical infrastructure remains a primary driver for these units. This is particularly crucial in regions prone to power outages or areas with unreliable grid infrastructure.

Asia Pacific Industrial Generator Market Revenue Share, By Fuel, 2022

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Based on fuel, the diesel generator segment held about 65% of the market share in 2022, owing to several key advantages these generators offer, including scalability, flexibility, and their ability to operate in all weather conditions. Moreover, their low initial costs and the availability of continuous, round-the-clock power supply are significant factors propelling the industry forward. The ongoing industrial revolution is anticipated to lead to a substantial rise in power requirements for industrial operations, which will, in turn, drive the growth of the generator sets market.

Based on end use, the market is segmented as oil & gas, manufacturing, construction, electric utilities, mining, transport & logistics and others. The industry relies heavily on a constant and reliable power supply which in turn will favor the business scenario. These gensets are essential for providing backup and prime power to mining operations, especially in remote locations. The demand for gensets is closely tied to the overall health of the mining sector.

Based on application, the standby generator sets market is likely to reach USD 7.5 billion by 2032 on account of the robust infrastructure development and a renewed focus on industrialization. The widespread utilization of these generators in power utilities, mining operations, and construction sites will breathe new life into the business landscape. These units are predominantly employed in scenarios where there are limitations on the available electricity supply from the power grid.

Asia Pacific Industrial Generator Market Size, By Power Rating, 2021 - 2032 (USD Billion)

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  • The Japan gensets market valuation exceeded USD 237.6 million in 2022. Government incentives and subsidies have played a role in promoting the adoption of cleaner and more efficient genset technologies. These incentives encourage businesses and individuals to invest in gensets that meet specific criteria.
  • Furthermore, escalating environmental concerns and a strong emphasis on corporate sustainability have accelerated the adoption of cleaner and more efficient technologies, accelerating the industry potential.

Asia Pacific Industrial Generator Market Share

The major players in the industrial generator business use a variety of strategies to maintain and grow their market share. Usually, these strategies are affected by things like changing customer preferences, technological advancements, regulatory changes, and competitive pressures. The leading companies in the market include:

  • Sterling Generator
  • Caterpillar
  • Atlas Copco AB
  • Supernova Genset
  • J C Bamford Excavators Ltd
  • Deere & Company
  • Ashok Leyland
  • Greaves Cotton Limited
  • Wärtsilä
  • Cummins
  • Kirloskar
  • Kohler
  • Powerica Limited
  • Genset India Pvt Ltd.
  • Generac Power Systems

Kohler has built a strong reputation for manufacturing high-quality generators that are known for their reliability and durability. This reputation is important in the industrial sector, where power outages can result in significant financial losses. The company offers a broad range of industrial generators that cater to various power requirements.

Asia Pacific Industrial Generator Market News

  • In February 2023, Wärtsilä announced their accomplishment of industry's first retrofit of an inline shaft generator on the 'Berge Toubkal' bulk carrier, boosting energy efficiency and lowering carbon emissions. This groundbreaking move aligns with Berge Bulk's commitment to carbon neutrality, integrating advanced technologies like shaft generators. This innovative retrofit is poised to enhance the vessel's Energy Efficiency Existing Ship Index (EEXI) and contribute to reducing its overall carbon footprint.
  • In January 2022, Cummins announced that they have received the highest recognition from the China Data Center Industry for its innovative PowerBlocTM project. This project, designed and manufactured in China, integrates various systems into a single 40-foot container, setting a new benchmark for standby power in the data center field. The solution not only saves space but also offers stable operation, low noise, low emissions, and excellent performance. The award signifies the highest honor in the China data center industry, reflecting Cummins' commitment to innovation and customer success in the data center sector.

This Asia Pacific industrial generator 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

  • ≤ 75 kVA
  • > 75 kVA - 375 kVA
  • > 375 KVA - 750 kVA
  • > 750 kVA

By Fuel

  • Diesel
  • Gas
  • Others

By End Use

  • Oil & Gas
  • Manufacturing
  • Construction
  • Electric Utilities
  • Mining
  • Transport & Logistics
  • Others

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 industrial generator size was USD 10.8 billion in 2022 and may reach over USD 22.8 billion by 2032, due to the rapid industrialization and urbanization coupled with increased demand for reliable power supply in the region.

The ? 75 kVA power rating segment in the Asia Pacific industrial generator market is expected to register 8.9% CAGR from 2023 to 2032, due to the increasing need for reliable backup power solutions in industries, commercial establishments, and critical infrastructures.

What factors are driving the industrial generator market growth in Japan?

Some of the influential APAC industrial generator market players are Sterling Generator, HIMOINSA, Caterpillar, Atlas Copco AB, Supernova Genset, J C Bamford Excavators Ltd, MAHINDRA POWEROL, Deere & Company, Ashok Leyland, Greaves Cotton Limited, among others.

Asia Pacific Industrial Generator Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 505
  • Countries covered: 10
  • Pages: 180
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