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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Asia Pacific Portable Generator Market Share
It is anticipated that the residential segment of the portable generators market will grow and dominate, mostly due to the widespread installation of gensets in homes to guarantee the availability of an emergency power source in the case of a blackout or grid breakdown. With rising living standards and an increasing need for lighting and energy-consuming appliances and equipment, China, India, and Southeast Asia are predicted to account for more than 70% of the rise in global electricity consumption over the next three years.
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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