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Asia Pacific Generator Sets Market
Frost & Sullivan, June 2010, Pages: 95
This research service covers the state of the Asia Pacific generator sets market, analyzing the industry challenges, key market drivers, and market restraints for growth post the economic crisis. Based on these, revenue distribution and forecasts are provided for both the diesel and gas generator sets market. Diesel generator sets forecasts are provided country-wise and by power output range varying between 20 kW up to 3 MW. Key regions covered in the study include North Asia, Southeast Asia and Australia and New Zealand (ANZ). The study period is from 2006 to 2016 with base year 2009, historic period from 2006 to 2008, and forecast period from 2010 to 2016.
Research Overview
This Frost & Sullivan research service titled Asia Pacific Generator Sets Market provides a comprehensive analysis of the key market drivers and restraints, competitive scenario, pricing trends, and revenue forecasts. In this research, Frost & Sullivan's expert analysts thoroughly examine the diesel and gas generator sets market in North Asia, Southeast Asia, and Australia and New Zealand (ANZ).
Market Overview
Asia Pacific Generator Sets Market Picks up Steam on the Back of Economic Resurgence
Fuelled by the upturn in economic activities, new opportunities are unfolding for participants in the Asia Pacific generator sets market. The commercial and industrial end users are expected to be the major customer segments procuring generator sets for stand-by and prime power applications. Among the various distributed power generation technologies, generator sets are highly preferred and are poised to continue their dominance in the foreseeable future. Being one of the most proven technologies for backup power, they are also cost effective and have a simple operating mechanism and easy procurement channels. 'As Asian countries are dominated by energy-intensive industries, the need for reliable and stable power supply is a top priority for this segment,' notes the analyst of this research service. 'To deal with unexpected power outages, all the major industries and commercial buildings prefer to own generator sets.' Revival of stalled projects in the construction and infrastructure segments is expected to stimulate the demand for generator sets. Moreover, expansion plans in the manufacturing, mining, and process industries are likely to ensure that demand remains robust in the near term. The growing need for uninterrupted power supply has made generator sets indispensable as a standby application. Apart from this, the region’s topography makes it difficult to provide extensive grid coverage for remote rural areas and far-flung islands. In such places, generator sets are widely used for prime power application.
Although the outlook for the market looks bright, trends point to a low annual growth rate and varying demand patterns in each country. Some challenges have clouded the market landscape. The well-developed infrastructure and availability of cheap electricity from utilities have impaired market progression. The investment cap on equipment by industries, commercial enterprises, and institutional end users has also proved to be a hurdle. In addition, the generator sets market was severely affected by the global economic downturn, and several projects were either pushed to the back burner or cancelled due to lack of credit. Increasing imports from China have made it challenging for multinational companies to sustain their market share. 'With issues pertaining to climate change and global warming gaining significant attention, end user awareness of renewable energy (RE) and energy efficient technologies has been ramped up considerably,' says the analyst. 'RE technologies such as wind, solar photovoltaic (PV), and biomass power are gaining popularity among the distributed onsite power generation technologies because of their long-term benefits that include no fuel costs, no emissions, no operational costs, and simple operating mechanism.' New high-rise buildings under construction are gravitating toward green energy. The preference for green energy has curtailed the growth of the generator sets market.
To remain successful in this highly price-sensitive space, generator set dealers must fine tune their after-sales strategies by providing ready accessibility to spare parts and ramping up customer support. Moreover, they must ensure timely attendance to customer complaints. Providing project finance and undertaking strong brand building measures will enable customer retention and help secure repeat business. Generator set manufacturers must aggressively showcase the advancements in engine technology as well as illustrate the benefits of low initial investment costs associated with generator sets to expand the customer base.
Technologies
The following technologies are covered in this research:
- Diesel generator sets
- Gas generator sets
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