The data center generator market in Asia Pacific is expected to grow from US$ 1,188.82 million in 2021 to US$ 2,022.07 million by 2028. It is estimated to grow at a CAGR of 7.9% from 2021 to 2028. There are already around seven billion Internet-connected devices in this age of data, and that figure is growing. Many produce huge amounts of data, which must be recorded, routed, stored, assessed, and retrieved. Manufacturers rely on big data and data analytics to improve their operations' efficiency, productivity, security, and cost-effectiveness as the Internet of Things (IoT) and Industry 4.0 take hold. On the other hand, data management in-house is becoming increasingly complicated, time-consuming, and costly. To save energy and infrastructure costs, even huge firms like Cisco consider shutting down portions of their own internal data centres. The rise in penetration of connected devices and easy access to the internet, coupled with the reduced cost of internet services, are propelling the demand for data storage across the region. The need for data storage is also surging due to the increasing demand for big data analytics and cloud-based services, such as online content comprising movies, apps, videos, and social media. Therefore, cloud-based companies deploy IT space in their data centers. Several industries are exploring the cloud offerings and discovering the benefits of data center services to support their needs related to the cloud. These developments directly influence the increase in the use of the Internet of Things (IoT), thereby constructing many data centers across the region. For instance, Colt announced the development of its hyper-scale data centers in Asia Pacific. The corporation purchased undisclosed locations in Japan, allowing it to create roughly 100 MW of IT power. Therefore, the increasing number of data centers boosts the need for data center generators to get sufficient power supplies, driving the data center generator market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific data center generator market at a substantial CAGR during the forecast period.
The Asia Pacific data center generator market is segmented into product type, capacity, tire, and country. Based on product type, the market is segmented into diesel, natural gas, and bi-fuel. In 2020, the diesel segment held the largest market share. Based on capacity, the Asia Pacific data center generator market is segmented into below 1 MW, 1–2 MW, and greater than 2 MW. In 2020, the below 1MW segment held the largest market share and is expected to register the highest CAGR in the market during the forecast period. Based on tire, the market is segmented into tier 1 and tier 2, tier 3, and tier 4. In 2020, the tier 3 segment held the largest market share. Based on country, the Asia Pacific data center generator market is segmented into Australia, China, India, Japan, South Korea, Rest of APAC, Singapore, Malaysia, Thailand, and the rest of Asia Pacific. In 2020, China held the largest market share.
ABB Ltd; Atlas Copco AB; Caterpillar Inc.; Cummins Inc.; DEUTZ AG; GENERAC POWER SYSTEMS INC.; HITEC POWER PROTECTION; Kohler Co.; Mitsubishi Heavy Industries, Ltd.; and KIRLOSKAR OIL ENGINES LIMITED are among the leading companies in the Asia Pacific data center generator market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,188.82 Million |
| Market Size by 2028 | US$ 2,022.07 Million |
| CAGR (2021 - 2028) | 7.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
|
Regions and Countries Covered
|
|
| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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The Asia Pacific Data Center Generator Market is valued at US$ 1,188.82 Million in 2021, it is projected to reach US$ 2,022.07 Million by 2028.
As per our report Asia Pacific Data Center Generator Market, the market size is valued at US$ 1,188.82 Million in 2021, projecting it to reach US$ 2,022.07 Million by 2028. This translates to a CAGR of approximately 7.9% during the forecast period.
The Asia Pacific Data Center Generator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Data Center Generator Market report:
The Asia Pacific Data Center Generator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Data Center Generator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Data Center Generator Market value chain can benefit from the information contained in a comprehensive market report.
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