Asia-Pacific Gas Generator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Capacity (Less than 75 kVA, 75-375 kVA, and Above 375 kVA), End-User (Residential, Commercial, and Industrial), and Geography (China, India, Japan, South Korea, and Rest of Asia-Pacific)

Market Snapshot

Asia-Pacific Gas Generator Market: Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >6.38 %

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Market Overview

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.

Scope of the Report

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

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Key Market Trends

Industrial Sector to Dominate the Market

  • The industrial sector, which includes mining, manufacturing, agriculture, and construction, accounts for the largest share of energy consumption of any end-use sector and also accounts for a major share in the gas generator market in Asia-Pacific.
  • The increasing demand for continuous and reliable power supply from these industries, especially from healthcare facilities, pharmaceutical industries, and manufacturing facilities, is expected to boost the demand for gas generators.
  • China and India are expected to witness robust industrial growth in the coming years on account of the sharp increase in investments in manufacturing sectors, which is expected to drive the demand for gas generators in the industrial sector.
  • Government initiatives to expand the industrial sector, especially in China and India, are expected to boost the demand for gas generators over the forecast period.
Asia-Pacific Gas Generator Market Revenue Share in %, by End-User, 2019

China to Dominate the Market

  • China is one of the leading countries for the gas generator market in the Asia-Pacific region owing to increasing infrastructure projects, widening power demand-supply gap, expansion of manufacturing facilities across the nation, and rising commercial office spaces.
  • The increasing commercial and industrial developments across the nation are expected to boost the demand for gas generators, during the forecast period. Supported by government infrastructure spending, a resilient property market, and strength in exports, the manufacturing sector is expected to continue to grow during the forecast period.
  • Moreover, as the air emission norms are becoming more stringent in China, coupled with the environmental benefits, the demand for gas generators is expected to witness a significant increase, as compared to diesel generators, which are considered more polluting.
  • With the falling cost of natural gas, the usage of natural gas across the residential sector is expected to increase. This, in turn, is expected to drive the gas generators market in the residential sector for back-up power applications in the coming years.
Asia-Pacific Gas Generator Market Revenue Share in %, by Country, 2019

Competitive Landscape

The Asia-Pacific gas generator market is moderately fragmented. Some of the key players in this market include Caterpillar Inc, Kohler Co, Cummins Inc, Yanmar Co. ltd, and Kirloskar Electric Company Limited.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Capacity

      1. 5.1.1 Less than 75 kVA

      2. 5.1.2 75-375 kVA

      3. 5.1.3 Above 375 kVA

    2. 5.2 End-User

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

      3. 5.2.3 Industrial

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 South Korea

      5. 5.3.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Caterpillar Inc

      2. 6.3.2 Kohler Co

      3. 6.3.3 Cummins Inc

      4. 6.3.4 Yanmar Co. ltd

      5. 6.3.5 Kirloskar Electric Company Limited

      6. 6.3.6 Cooper Corporation

      7. 6.3.7 MTU America Inc.

      8. 6.3.8 AKSA Power Generation

      9. 6.3.9 Generac Holdings Inc

      10. 6.3.10 General Electric Company

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Gas Generator Market market is studied from 2016 - 2026.

The Asia-Pacific Gas Generator Market is growing at a CAGR of >6.38% over the next 5 years.

Caterpillar Inc, Kohler Co , Cummins Inc, Yanmar Co. ltd, Kirloskar Electric Company Limited are the major companies operating in Asia-Pacific Gas Generator Market.

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