Asia Pacific Power Generation Equipment Market Size, Share & Trends Analysis Report By Type (Turbine & Engines, Generators, and Others), By Application (Utility, Industrial, Commercial, and Residential), By Country and Growth Forecast, 2024 - 2031

The Asia Pacific Power Generation Equipment Market would witness market growth of 5.1% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Power Generation Equipment Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $14,279.8 Million by 2031. The Japan market is registering a CAGR of 4.4% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 5.7% during (2024 - 2031).

CHP systems and cogeneration plants utilize this equipment to produce electricity and heat simultaneously for heating, cooling, and industrial processes. Waste heat recovery units, steam turbines, and absorption chillers capture and utilize waste heat from power generation processes for heating or cooling applications.

In addition, to facilitate energy storage and grid balancing, power-producing equipment is connected with energy storage devices, including flywheels, batteries, and pumped hydro storage. Energy storage solutions increase the flexibility, dependability, and efficiency of power-producing assets by storing extra energy during off-peak hours and releasing it during periods of high demand or grid disruptions.

With India’s ambitious renewable energy targets, there will be a substantial demand for power generation equipment specifically designed for renewable energy sources such as solar, wind, hydro, and biomass. As per the Government of India, the nation is committed to attaining energy independence by 2047 and a Net Zero energy consumption status by 2070. To achieve this goal, India’s energy transformation is based on increasing the usage of renewable energy in all economic sectors. Green hydrogen is regarded as a potentially viable substitute for facilitating this transition. Hydrogen can be employed for various purposes, including the long-term storage of renewable energy, industrial fossil fuel replacement, sustainable transportation, decentralized power generation, aviation, and marine transportation. The Union Cabinet sanctioned the National Green Hydrogen Mission on January 4, 2022. Hence, the expansion of the region’s renewable energy sector is driving the market’s growth.

Free Valuable Insights: The Global Power Generation Equipment Market is Predict to reach USD 157.7 Billion by 2031, at a CAGR of 4.6%

Based on Type, the market is segmented into Turbine & Engines, Generators, and Others. Based on Application, the market is segmented into Utility, Industrial, Commercial, and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

• Mitsubishi Heavy Industries Ltd.
• Wartsila Corporation
• ABB Ltd.
• Siemens Energy AG
• General Electric Company
• Caterpillar, Inc.
• Bharat Heavy Electricals Ltd.
• Schneider Electric SE
• Cummins, Inc.
• Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)

Asia Pacific Power Generation Equipment Market Report Segmentation

By Type

• Turbine & Engines
• Generators
• Others

By Application

• Utility
• Industrial
• Commercial
• Residential

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Power Generation Equipment Market, by Type
1.4.2 Asia Pacific Power Generation Equipment Market, by Application
1.4.3 Asia Pacific Power Generation Equipment Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. Asia Pacific Power Generation Equipment Market, by Type
5.1 Asia Pacific Turbine & Engines Market, by Country
5.2 Asia Pacific Generators Market, by Country
5.3 Asia Pacific Others Market, by Country

Chapter 6. Asia Pacific Power Generation Equipment Market, by Application
6.1 Asia Pacific Utility Market, by Country
6.2 Asia Pacific Industrial Market, by Country
6.3 Asia Pacific Commercial Market, by Country
6.4 Asia Pacific Residential Market, by Country

Chapter 7. Asia Pacific Power Generation Equipment Market, by Country
7.1 China Power Generation Equipment Market
7.1.1 China Power Generation Equipment Market, by Type
7.1.2 China Power Generation Equipment Market, by Application
7.2 Japan Power Generation Equipment Market
7.2.1 Japan Power Generation Equipment Market, by Type
7.2.2 Japan Power Generation Equipment Market, by Application
7.3 India Power Generation Equipment Market
7.3.1 India Power Generation Equipment Market, by Type
7.3.2 India Power Generation Equipment Market, by Application
7.4 South Korea Power Generation Equipment Market
7.4.1 South Korea Power Generation Equipment Market, by Type
7.4.2 South Korea Power Generation Equipment Market, by Application
7.5 Singapore Power Generation Equipment Market
7.5.1 Singapore Power Generation Equipment Market, by Type
7.5.2 Singapore Power Generation Equipment Market, by Application
7.6 Malaysia Power Generation Equipment Market
7.6.1 Malaysia Power Generation Equipment Market, by Type
7.6.2 Malaysia Power Generation Equipment Market, by Application
7.7 Rest of Asia Pacific Power Generation Equipment Market
7.7.1 Rest of Asia Pacific Power Generation Equipment Market, by Type
7.7.2 Rest of Asia Pacific Power Generation Equipment Market, by Application

Chapter 8. Company Profiles
8.1 Mitsubishi Heavy Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Wartsila Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 ABB Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Siemens Energy AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Geographical Expansions:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Caterpillar, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Bharat Heavy Electricals Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Schneider Electric SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Cummins, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research and Development Expense

TABLE 1 Asia Pacific Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Power Generation Equipment Market
TABLE 4 Product Launches And Product Expansions– Power Generation Equipment Market
TABLE 5 Acquisition and Mergers– Power Generation Equipment Market
TABLE 6 Geographical expansion – Power Generation Equipment Market
TABLE 7 Asia Pacific Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 8 Asia Pacific Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 9 Asia Pacific Turbine & Engines Market, by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Turbine & Engines Market, by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Generators Market, by Country, 2020 - 2023, USD Million
TABLE 12 Asia Pacific Generators Market, by Country, 2024 - 2031, USD Million
TABLE 13 Asia Pacific Others Market, by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Others Market, by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 16 Asia Pacific Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 17 Asia Pacific Utility Market, by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Utility Market, by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Industrial Market, by Country, 2020 - 2023, USD Million
TABLE 20 Asia Pacific Industrial Market, by Country, 2024 - 2031, USD Million
TABLE 21 Asia Pacific Commercial Market, by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Commercial Market, by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Residential Market, by Country, 2020 - 2023, USD Million
TABLE 24 Asia Pacific Residential Market, by Country, 2024 - 2031, USD Million
TABLE 25 Asia Pacific Power Generation Equipment Market, by Country, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Power Generation Equipment Market, by Country, 2024 - 2031, USD Million
TABLE 27 China Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 28 China Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 29 China Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 30 China Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 31 China Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 32 China Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 33 Japan Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 34 Japan Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 35 Japan Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 36 Japan Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 37 Japan Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 38 Japan Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 39 India Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 40 India Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 41 India Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 42 India Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 43 India Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 44 India Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 45 South Korea Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 46 South Korea Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 47 South Korea Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 48 South Korea Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 49 South Korea Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 50 South Korea Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 51 Singapore Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 52 Singapore Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 53 Singapore Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 54 Singapore Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 55 Singapore Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 56 Singapore Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 57 Malaysia Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 58 Malaysia Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 59 Malaysia Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 60 Malaysia Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 61 Malaysia Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 62 Malaysia Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 63 Rest of Asia Pacific Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 64 Rest of Asia Pacific Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 65 Rest of Asia Pacific Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 66 Rest of Asia Pacific Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 67 Rest of Asia Pacific Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 68 Rest of Asia Pacific Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 69 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 70 Key Information – Wartsila Corporation
TABLE 71 Key Information – ABB Ltd.
TABLE 72 Key Information – Siemens Energy AG
TABLE 73 Key Information – General Electric Company
TABLE 74 key information – Caterpillar, Inc.
TABLE 75 Key information – Bharat Heavy Electricals Ltd.
TABLE 76 Key Information – Schneider Electric SE
TABLE 77 Key information – Cummins, Inc.
TABLE 78 Key Information – Toshiba Energy Systems & Solutions Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Power Generation Equipment Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Power Generation Equipment Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
FIG 7 Porter’s Five Forces Analysis – Power Generation Equipment Market
FIG 8 Asia Pacific Power Generation Equipment Market share, by Type, 2023
FIG 9 Asia Pacific Power Generation Equipment Market share, by Type, 2031
FIG 10 Asia Pacific Power Generation Equipment Market, by Type, 2020 - 2031, USD Million
FIG 11 Asia Pacific Power Generation Equipment Market share, by Application, 2023
FIG 12 Asia Pacific Power Generation Equipment Market share, by Application, 2031
FIG 13 Asia Pacific Power Generation Equipment Market, by Application, 2020 - 2031, USD Million
FIG 14 Asia Pacific Power Generation Equipment Market share, by Country, 2023
FIG 15 Asia Pacific Power Generation Equipment Market share, by Country, 2031
FIG 16 Asia Pacific Power Generation Equipment Market, by Country, 2020 - 2031, USD Million
FIG 17 Recent strategies and developments: Mitsubishi Heavy Industries Ltd.
FIG 18 Swot Analysis: Mitsubishi Heavy Industries Ltd.
FIG 19 SWOT Analysis: Wartsila Corporation
FIG 20 SWOT Analysis: ABB ltd.
FIG 21 SWOT Analysis: Siemens Energy AG
FIG 22 SWOT Analysis: General Electric Company
FIG 23 SWOT Analysis: Caterpillar, Inc.
FIG 24 SWOT Analysis: Bharat Heavy Electricals Ltd.
FIG 25 SWOT Analysis: Schneider Electric SE
FIG 26 Recent strategies and developments: Cummins, Inc.
FIG 27 SWOT Analysis: Cummins, Inc.