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Asia Pacific Electric Generators Market Size (2024 - 2029)

The Asia-Pacific electric generators market is poised for growth, driven by the rising demand for power and the need for reliable backup solutions due to inadequate grid infrastructure. The industrial sector, particularly in mining, manufacturing, agriculture, and construction, dominates energy consumption, contributing significantly to the market's revenue. Emerging economies' commercial and industrial sectors, along with the residential sector in developed economies and defense operations, present substantial opportunities for market expansion. China stands out as the largest market in the region, fueled by infrastructure projects and the growing need for uninterrupted electricity.

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Market Size of Asia Pacific Electric Generators Industry

Asia Pacific Electric Generators Market - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 5.50 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

APAC Electric Generators Market Analysis

The Asia-Pacific electric generators market is expected to grow approximately at a CAGR of over 5.5% during the forecast period. Factors such as the ever-increasing demand for power, lack of reliable grid infrastructure, the need for emergency backup power solutions, and the demand for steady power supply are driving the generator sets market in Asia-Pacific. Moreover, the growing energy demands from the burgeoning manufacturing industry are expected to provide greater market opportunities for electric generators. However, factors such as high installation and operating costs and the increasing consumer preference towards eco-friendly alternatives (solar, fuel cells, etc.) are restraining the market's growth.

  • The industrial sector, which includes mining, manufacturing, agriculture, and construction, accounts for the largest share of energy consumption of any end-use sector, accounting for more than 50% during the forecast period. Hence, the industrial sector is estimated to account for the largest share of the revenue from the sale of electric generators in 2019, owing to the increasing demand for continuous and reliable power supply from the industrial sector.
  • The commercial and industrial sectors of emerging economies, the residential sector of developed economies in Asia-Pacific, and the increasing need for power in defense operations are expected to create significant opportunities for market participants in the near future.
  • China is expected to be the largest market for electric generators in Asia-Pacific region, due to increasing infrastructure projects, increased demand for uninterrupted electricity, expansion of manufacturing facilities across the nation, and rising commercial office spaces.

APAC Electric Generators Industry Segmentation

The Asia-Pacific electric generators market report include:

Capacity
Below 75 kVA
75 kVA - 350 kVA
Above 350 kVA
End-User
Residential
Industrial
Commercial
Geography
India
China
Japan
Australia
Indonesia
Rest of Asia-Pacifc
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Asia Pacific Electric Generators Market Size Summary

The Asia-Pacific electric generators market is poised for significant growth, driven by the increasing demand for power and the need for reliable backup solutions due to inadequate grid infrastructure. The burgeoning manufacturing industry in the region is a major contributor to this demand, as it requires a steady power supply to maintain operations. However, the market faces challenges such as high installation and operating costs, along with a growing consumer shift towards eco-friendly energy alternatives like solar and fuel cells. Despite these challenges, the industrial sector, encompassing mining, manufacturing, agriculture, and construction, remains the largest consumer of electric generators, highlighting the sector's critical need for continuous and reliable power supply.

China is anticipated to lead the market in the Asia-Pacific region, fueled by extensive infrastructure projects and a rising demand for uninterrupted electricity. The country's expansion of manufacturing facilities and commercial spaces further bolsters this demand. Similarly, India is expected to experience robust industrial growth, driving the need for electric generators. In Indonesia, frequent power blackouts have accelerated the adoption of generators to ensure consistent power supply, particularly in key areas like South Sumatra and Jakarta. Government initiatives in China and India to expand the industrial sector are also expected to sustain the demand for electric generators, making the region a dynamic market for industry players.

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Asia Pacific Electric Generators Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Capacity

      1. 2.1.1 Below 75 kVA

      2. 2.1.2 75 kVA - 350 kVA

      3. 2.1.3 Above 350 kVA

    2. 2.2 End-User

      1. 2.2.1 Residential

      2. 2.2.2 Industrial

      3. 2.2.3 Commercial

    3. 2.3 Geography

      1. 2.3.1 India

      2. 2.3.2 China

      3. 2.3.3 Japan

      4. 2.3.4 Australia

      5. 2.3.5 Indonesia

      6. 2.3.6 Rest of Asia-Pacifc

Asia Pacific Electric Generators Market Size FAQs

The Asia Pacific Electric Generators Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)

ABB Ltd, Siemens AG, Caterpillar Inc., Mitsubishi Heavy Industries Ltd and Cummins Inc. are the major companies operating in the Asia Pacific Electric Generators Market.

Asia Pacific Electric Generators Report Snapshots

Asia-Pacific Electric Generators Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)