According to the research report titled ‘Asia Pacific Gasoline Gensets Market Size By Phase, By Power Rating, By End Use, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027’, available with Market Study Report, Asia Pacific gasoline gensets market is expected to register momentous growth over 2021-2027.
 

Increasing transformation of the power sector due to COVID-19, surging industrialization as well as demand for reliable and effective power supply are catalyzing the growth of Asia Pacific gasoline gensets industry. Additionally, increasing natural calamities, soaring urbanization, and consumer inclination to leisure & outdoor recreational activities will augment the market outlook.
 

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The report further cites that inconsistency of present power grid infrastructure in various countries posing as industrial challenge, in tandem with incorporation of gensets across commercial spaces to reduce operational cost are bolstering the industry revenues.

Based on power rating, the marketspace is bifurcated into 8 kVA - 15 kVA, 6.5 kVA - 8 kVA, 5 kVA - 6.5 kVA, 3.5 kVA - 5 kVA, 2 kVA - 3.5 kVA, and less than 2 kVA. The 8-15 kVA segment is expected to record substantial growth through 2027, owing to numerous construction projects and accelerated infrastructural development, and demand for smooth power supply for optimized job productivity across construction sites, industrial facilities, commercial spaces, and marine facilities.

Speaking of phase, Asia Pacific gasoline gensets industry is classified into three phase and single phase. In terms of end user terrain, the market is divided into construction, commercial, and residential. The construction segment is expected to register a promising CAGR over the forecast period, flourishing real estate vertical in emerging nation, alongside setup of new healthcare facilities to cope with Covid-19 pandemic.
 

Considering the geographical landscape, South Korea market is anticipated to showcase appealing growth trends through 2027, creditable to increasing commercial and residential establishments utilizing the power backup solutions such as electric generators, gasoline generators, and diesel generators.
 

The competitive landscape of the industry is defined by companies such as Atlas Copco, The Honda Motor Company Ltd., Stephill Generators, Cummins, Caterpillar Inc., The Westinghouse Electric Corporation, Kirloskar Oil Engines Limited, Siemens AG, Yamaha Motor Co. Ltd., Generac Holdings Inc., and Kohler Co. among others.