ASEAN Home Standby Gensets Market Size - Industry Analysis and Forecast (2020-2026)
Category: #energy-and-environment  By Ronak Bora  Date: 2021-04-17
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ASEAN Home Standby Gensets Market Size - Industry Analysis and Forecast (2020-2026)

The ASEAN Home standby gensets market size is experience tremendous growth over the coming years owing to rapid urbanization and growing demand for uninterrupted electricity supply. With respect to product, air-cooled segment is likely to witness high growth due to improved operability, low cost of product, and lower leakages. Ability to fulfil moderate power needs and increasing adoption of these units in residential sector will favor the product penetration. Additionally, continued investment toward R&D sector to improve the efficiency of the product coupled with enhanced longer period work timeline will stimulate the technology demand.

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In terms of phase, three phase segment will experience tremendous growth due to rising investments toward development of advanced commercial and residential infrastructure needing heavy power backup output. Growing demand for advanced residential facilities including multiple HVAC solutions and advanced smart home systems will stimulate the deployment of three phase units. Their ability to provide strong power supply, substantial material efficiency, and superior flexibility will further fuel the product adoption.

With respect to fuel, the natural gas segment will witness strong demand owing to strict government norms towards the use of coal fired-based power generation sources along with increasing inclination of consumers toward using low emission fuels. Nominal fuel containment issues including storage of diesel tanks as well as other fuels along with lower environmental impacts will further boost the product demand. In comparison to diesel fueled engines, the ability of these types of gensets to produce lower amount of particulate matter will in turn enhance the market landscape.

On the regional front, home standby gensets industry in Indonesia will observe an elevated growth period owing to ongoing power fluctuations and versatile product applications. Increasing intensity and accelerating frequency of weather-based problems resulting in long-lasting power outages will drive the product adoption. Moreover, replacement of conventional gensets with advanced units to meet the emission guidelines will drive the market scenario.

Meanwhile, home standby gensets market in Malaysia is projected to grow due to increasing power fluctuation and shifting inclination of the government toward gas fired generators. Deployment of smart and digital gensets in residential sectors will spur the product demand as well. Moreover, efforts towards substituting traditional generators with advanced systems to meet the ongoing emission needs will consolidate the regional market scenario further.

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Major players across the industry are focusing toward integration of smart and digital technologies to install energy efficient solutions across the power backup systems. Leading industry players operating across ASEAN home standby gensets market are Briggs & Stratton, Cummins, Himoinsa, Kirloskar Oil Engines Limited, Generac, Caterpillar, SDMO Industries, Atlas Copco, Siemens AG, Mahindra Powerol and amongst others.

Table of Contents (ToC) of the report:

Chapter 3   ASEAN Home Standby Gensets Market Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2015 – 2026

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation landscape

3.5    COVID - 19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Home Standby Gensets Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2019

3.11    PEST analysis

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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