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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Asia Pacific Portable Generator Market Growth
A key driver of the market is the natural disasters and calamities that occur in the area, which lead to an increase in the demand for power backups. According to the 2020 Ecological Threat Register (ETR), Asia Pacific maintains a notable threat profile with ‘floods’ that pose the greatest risk to 13 out of the region’s 19 countries. These disasters lead to an increased number of power outages, which increases the portable generator demand in the region.
A growing construction industry also positively influences the market since it leads to an increase in the requirement for uninterrupted power supply in the sector. As of 2024, the Asian Pacific region is just behind the Americas when it comes to construction pipelines, showing an increase of 5.6% in the numbers relating to room constructions.
The use of renewable energy sources, such wind and solar energy, opens up new Asia Pacific portable generator market opportunities. Besides, portable generators can also be used to provide a steady supply of electricity during instances of high demand and to provide backup power.
The market is being driven further by technological advancements such automated transfer switch features, smart control, and remote monitoring. By providing real-time data collection, analysis, and control of the generator's operation, it improves the portability, performance, efficiency, and convenience of portable generators as well as the safety and security of users and equipment.
Asia Pacific Portable Generator Market Report Snapshots
Asia Pacific Portable Generator Market Size
Asia Pacific Portable Generator Market Growth
Asia Pacific Portable Generator Market Share
Asia Pacific Portable Generator Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
It is estimated that the market reached approximately USD 1.32 billion in 2023.
The market will presumably grow at a CAGR of 5.80% in the period between 2024 and 2032.
The market is projected to reach a value of around USD 2.19 billion by the year 2032.
The major drivers of the market are the region’s susceptibility to natural disasters, a rising economy and a growing construction industry.
A key trend in the market is the shift to cleaner and greener fuels for power generation.
Based on type, the market is divided into gas, diesel, and others.
The key players in the market are Atlas Copco, Caterpillar Inc., Siemens AG, Cummins Inc., Honeywell International Inc., Yanmar Holdings Co. Ltd. (Himoinsa S.L.), Honda Motor Co. Ltd., Kohler Co., Kirloskar Oil Engines Limited, Yamaha Corp., Wacker Neuson SE, Mahindra and Mahindra Ltd., and others.
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