Market Size of Asia-Pacific Gas Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 6.38 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Gas Generator Market Analysis
The Asia-Pacific gas generator market is expected to grow at a CAGR of more than 6.38% during the forecast period of 2020-2025. Factors, such as increasing awareness regarding natural gas as a clean and reliable fuel, increased concerns over diesel maintenance and refueling issues, decreasing natural gas fuel prices, and the general desire to be more environmentally responsible, have supplemented the demand for gas generators in the region. However, the lack of gas grid connectivity via pipeline, resulting in hindered fuel supply, is expected to act as a challenging factor to overcome for the gas generators market in the coming years.
- The industrial sector has accounted for the largest share of the revenue from the sale of gas generators in 2019, owing to the increasing demand for continuous and reliable power supply from the industrial sector.
- The commercial and industrial sectors of the emerging economies, the residential sector of developed economies, 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 dominate the market during the forecast period for gas generators, with the falling cost of natural gas, the usage of natural gas across the residential sector is expected to increase.
APAC Gas Generator Industry Segmentation
The Asia-Pacific gas generator market report includes:
| Capacity | |
| Less than 75 kVA | |
| 75-375 kVA | |
| Above 375 kVA |
| End-User | |
| Residential | |
| Commercial | |
| Industrial |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Gas Generator Market Size Summary
The Asia-Pacific gas generator market is poised for significant growth, driven by the increasing recognition of natural gas as a clean and reliable energy source. This shift is fueled by concerns over the maintenance and refueling challenges associated with diesel generators, alongside the declining prices of natural gas. The market is experiencing heightened demand from the industrial sector, which requires a continuous and reliable power supply, particularly in industries such as healthcare, pharmaceuticals, and manufacturing. However, the lack of gas grid connectivity poses a challenge, potentially hindering fuel supply to gas generators. Despite this, the commercial and industrial sectors in emerging economies, as well as the residential sector in developed economies, are expected to offer substantial opportunities for market expansion.
China is anticipated to lead the gas generator market in the Asia-Pacific region, supported by increasing infrastructure projects and a growing demand for power. The country's focus on expanding manufacturing facilities and commercial office spaces, along with government infrastructure spending, is expected to bolster market growth. The stringent air emission norms in China are likely to further drive the demand for gas generators, as they are seen as a more environmentally friendly alternative to diesel generators. Additionally, the falling cost of natural gas is expected to enhance its adoption in the residential sector for backup power applications. The market is moderately fragmented, with key players including Caterpillar Inc, Kohler Co, Cummins Inc, Yanmar Co. Ltd, and Kirloskar Electric Company Limited, all contributing to the competitive landscape.
Asia-Pacific Gas Generator Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Capacity
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2.1.1 Less than 75 kVA
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2.1.2 75-375 kVA
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2.1.3 Above 375 kVA
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2.2 End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Industrial
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 Rest of Asia-Pacific
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Asia-Pacific Gas Generator Market Size FAQs
What is the current Asia-Pacific Gas Generator Market size?
The Asia-Pacific Gas Generator Market is projected to register a CAGR of greater than 6.38% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Gas Generator Market?
Caterpillar Inc, Kohler Co , Cummins Inc, Yanmar Co. ltd and Kirloskar Electric Company Limited are the major companies operating in the Asia-Pacific Gas Generator Market.
