Asia Pacific Commercial Gensets Market

1. Asia Pacific Commercial Gensets Market Substantial Growth and Comprehensive Analysis and Forecast by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

2. According to a recent study from market research firm Graphical Research, the Asia Pacific commercial gensets market size is poised to expand at substantial CAGR during the forecast period. The COVID-19 pandemic highlights the need for better power solutions as well as power backup required during emergencies. Whether it is the pressure of keeping industrial and business operations running smoothly, or is the challenge of working from home, the need to ensure steady power supply across the nation is more prominent than ever before. This is likely to power the commercial gensets market in Asia Pacific. Government establishments, private institutions, hospitals, educational institutions, and many other sectors of the economy are dependent on a steady power supply for their daily operation. To mitigate potential losses due to loss of power supply and meet the requirement for a reliable power supply, gensets provide a flexible, scalable and weather-independent operation. The Asia Pacific commercial gensets market share is set to gain a burgeoning demand by 2027 and is projected to grow at a CAGR of more than 6.7% from 2020 to 2027. By end-user segment, 0-75 kVA diesel generators are used as backup power in grid-connected regions and as the only source of power supply in off-grid regions. In comparison to hybrid or electric generator sets, investment in diesel generators is relatively low. Diesel is known to be a fuel which is easily accessible at low costs across all major towns and cities in the region. This proves to be beneficial to the residential, commercial, and industrial sectors in the emerging economies of Asia-Pacific, as it also helps in stabilizing and boosting the overall economy. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

3. Browse detailed statistical insights from the report, “Asia Pacific Commercial Gensets Market” along with the table of contents (ToC) @https://bit.ly/2ZlhSOy Get sample copy of this research report @ https://www.graphicalresearch.com/request/1759/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

4. By capacity segment, 0-75 kVA diesel generators are also used in India’s telecom sector as a backup power requirement. The country has close to 45,000 telecom towers needing continuous power supply. The Telecom Regulatory Authority of India (TRAI) recently reported more than 1,171.80 million telephone subscriptions in October 2020. The growing consumption of telecom and internet services in the region is accelerating Asia Pacific commercial gensets market forecast. The Government’s initiatives toward the development of rural areas and creation of smart cities will further extend the demand for these portable gensets during the forecast period. Asia Pacific market will witness a steady growth across the 330kVA-750KVA rated commercial gensets through 2027 as these generators have the ability to mitigate losses incurred during power cuts and keep up with the fast paced-infrastructural activities in the region. These generators are widely used in commercial spheres such as restaurants, showrooms, airports, hotels, schools, and colleges, as well as at construction sites. Moreover, the enhanced standard of living and an increase in disposable income amongst the Asian population will also increase the demand for a steady power supply and positively affect the market landscape. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

5. By application, standby power-based gensets are expected to contribute significantly toward the overall APAC commercial gensets market size by 2027. They provide continuous, standard, and portable back up power thereby preventing electrical failures. This is especially beneficial for the increasing construction activities throughout India and its plans for the development of green buildings, urbanisation and modernised infrastructure. In 2019, China, one of the leading economies in Asia-Pacific, reported the largest market share with maximum demand from the leading commercial office establishments and small-scale vendors across the nation. Consequently, the commercial sector is likely to represent a considerable portion of commercial gensets industry share in Asia Pacific through 2027 as well. The key manufacturers and distributors in Asia Pacific commercial gensets market are Mitsubishi, Cummins Inc, ABB Ltd, Heavy Industries Ltd, Caterpillar Inc., and Siemens AG. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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