Asia Pacific Commercial Standby Generator Sets Market Size, Industry Analysis and Trends To 2030
Category: #energy-and-environment  By Ronak Bora  Date: 2021-05-28
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Asia Pacific Commercial Standby Generator Sets Market Size, Industry Analysis and Trends To 2030

The Asia Pacific commercial standby generator sets market size is expected to rise substantially in the next few years. This is on account of the surge in the demand for continuous power supply alongside extensive applications across the industrial sector.

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The market is projected to grow at a considerable CAGR between 2019 and 2030, assisted by the shifting status of these products from previously being a complementary power source to being an operational necessity of late. The following four trends have been marking the ascendance of the APAC commercial standby generator sets industry size:

Soaring demand across industrial and commercial sectors in India

As the increased progression of urbanization across Indian cities and towns results in the development of robust industrial and commercial sectors, the demand across these domains is likely to represent a major portion of the total market share. The Asia Pacific commercial standby generator sets market size is certain to expand owing to the resilient service sector and the limited access to power in the region. Additionally, fresh demand from the manufacturing units in India is anticipated to foster the market expansion through 2030.

Industrial application of 75-375 kVA commercial standby generator sets 

Based on power rating, the 75-375 kVA segment in the commercial standby generator sets market in Asia Pacific is set to register a higher demand through the projected timeline. The extensive product deployment across the construction and mining industries in the region has been favoring the expansion of the sector. There is also an increased awareness regarding the need to reliable power backup supply during various conditions.

Manufacturers investment toward natural gas adoption

The robust development of the LNG infrastructure in Asia Pacific has been instigating more demand for natural gas fueled commercial standby generator sets in the recent past. The forecast years are likely to witness an escalating demand for these products due to the trending preference for clean fuels, an initiative that has been receiving large-scale acclaim for natural gas generator sets by both government and private sector.

Consequently, numerous commercial standby generator set manufacturers have been investing in the development of natural gas generator sets. They have been fueling the APAC commercial standby generator sets market outlook through an expansion of their product portfolios.

Demand for diesel fueled commercial standby generator sets

The APAC market for commercial standby generator sets, in terms of fuel utilized, has been bifurcated into natural gas, diesel, among others. The diesel segment is set to forge ahead at a significant rate through the forecast timeframe. The increasing deployment of diesel generator sets can be attributed to the lower costs and higher efficiency associated with these systems.

The Asia Pacific commercial standby generator sets market forecast might face challenges on account of the growing environmental concerns pertaining to the usage of diesel, resulting in detrimental government norms. However, the demand for diesel generator sets is expected to stay aloft due to the easy availability of diesel when compared with other fuels.

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Generac, Atlas Copco, Mahindra Powerol, Yamaha, Ingersoll-Rand, MTU, Himoinsa, Cummins, Caterpillar, Kirloskar, JCB, Briggs & Stratton, Ashok Leyland, and John Deere are some leading commercial standby generator sets manufacturers in APAC.

Table of Contents (ToC) of the report:

Chapter 1.  Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimates and forecast parameters

1.4. Data Sources

1.4.1.  Secondary

1.4.1.1.      Paid Sources

1.4.1.2.      Public Sources

1.5. Abbreviations

Chapter 2.  Executive Summary

2.1. Asia-Pacific market snapshot

Chapter 3.  Asia-Pacific Commercial Standby Generator Sets Market Insights

3.1. Industry coverage

3.2. Industry size & forecast, 2015-2026

3.3. Value chain analysis

3.3.1. Company product snapshot

3.4. Regulatory norms & directives

3.5. Innovation & sustainability

3.6. Drivers & restraints

3.6.1. Market drivers

3.6.2. Market restraints

3.7. Product growth mapping

3.8. Industry analysis - Porter's

3.9. Competitive benchmarking, 2019

3.10. PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1378/asia-pacific-commercial-standby-generator-sets-market   

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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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