According to the research report titled ‘Asia Pacific Commercial Gensets Market Size By Application, By Power Rating, By Fuel, By End-Use, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, Asia Pacific commercial gensets market is speculated to grow at a yearly rate of 6.7% between 2020-2027.
 

Rising adoption of enhanced power solutions to ensure smooth functioning of business & industrial operations and surging demand for steady power supply from various sectors as well as the work-from-home populace are key factors spurring Asia Pacific commercial gensets market.
 

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Moreover, rising disposable income, supportive government initiatives regarding smart cities & development of rural areas, and improving standards of living will stimulate market growth over the analysis timeframe.
 

For the record, commercial gensets are known to provide reliable power supply because of their flexibility, weather-independent nature, and scalability, further ensuring reduced financial losses during power cuts.
 

Based on power rating, the industry is divided into <50 kVA, 50-125 kVA, 125-200 kVA, 200-300 kVA, 330-750 kVA, and >750 kVA. Among these, the 330-750 kVA segment is projected to grow rapidly through 2027, primarily due to its ability to keep up with high speed infrastructural activities and mitigate losses incurred as a result of power cuts. These generators are extensively used in showrooms, restaurants, hotels, airports, colleges, schools, and construction sites.
 

According to the report, 0-75 kVA diesel generators are widely utilized in grid-connected regions as backup power and in off-grid regions as only power source. Easy availability of diesel and its low cost nature as compared to other energy sources have significantly helped in the development of almost all end use industries.
 

Moving on to application scope, the business domain is fragmented into prime/continuous, standby, and peak shaving. Among these, Asia-Pacific commercial gensets industry size from the standby segment is speculated to record significant expansion through 2027, due to the product’s ability to provide portable, continuous backup power thus preventing power failures. This helps in boosting construction activities, urbanization, and infrastructure & green building development.
 

Speaking of end user spectrum, Asia Pacific commercial gensets market sphere is bifurcated into telecom, data centers, healthcare, educational institutions, hospitality, government centers, retail sales, commercial complex, real estate, infrastructure, construction, large industries, and others.
 

Geographically speaking, China held majority of the Asia Pacific commercial gensets industry share in the past year owing to surging demand from small-scale vendors and major commercial office establishments across the country.
 

Key players profiled in the report are JCB, Yamaha Corporation, Briggs & Stratton Corporation, Mahindra Powerol, PowerMax, Siemens AG, Kohler Co., Cummins Inc., Caterpillar Inc., Sudhir Power Limited, Honda Motor Company Limited, Generac Holdings Inc., Greaves Cotton Limited, Kirloskar Oil Engines Limited, and Prakash Diesel Private Limited.