Press release
What’s Driving the Generator Sets Market Trends? Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton, SDMO Industries, Generac, Yamaha Motor Pvt, Powerica
The Generator Sets Market analytical summative by DEC Research is a thorough study on the latest market trends prevailing in the global business sphere. The report also offers important details pertaining to market share, market size, profit estimations, applications and statistics of this industry. The report further presents a detailed competitive analysis including growth strategies adopted by key players of the industry.Research forecasts the Generator Sets Market to grow from 18 billion in 2018 to 40 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6% during the forecast period.
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Gas gensets market will witness strong growth on account of growing concerns over fossil fuel consumption coupled with adoption of stringent environmental mandates aimed toward curbing emission levels. High efficiency, cost effectiveness and low emission levels are some of the prominent features favoring the deployment of these units over other available alternatives.
Leading Key Players in Generator Sets Market are:
• Cummins
• Kirloskar Oil Engines Limited
• Briggs & Stratton
• SDMO Industries
• Generac
• Yamaha Motor Pvt
• Ltd.
• Powerica Ltd.
• Escorts Group
• Sterling Generators Pvt. Ltd
• Himoinsa
• Caterpillar
• Ingersoll-Rand PLC
• Atlas Copco.
• C&S Electric
• Supernova Gensets
• JCB
Industrial generator sets market was valued over USD 8 billion in 2018. Inadequate grid infrastructure coupled with growing adoption of backup power to avoid inventory losses and equipment failures will drive the product demand. In addition, shifting trends toward the relocation of oil & gas activities at remote locations will further boot installation of these units over the forecast timeline.
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Rising consumer awareness toward power backup solution along with increasing load on grid supply will drive the standby generator sets market growth. These gensets are primarily deployed in the event of a disruption in primary power supply or the utility grid. Increasing demand for electricity coupled with growing rate of power outages will further enhance the industry landscape.
U.S. generator sets market will witness growth on account of declining resilience and increasing vulnerability of the grid infrastructure to weather related disruptions. Increasing frequency and strength of storms, mostly occurring during yearly Atlantic hurricane season, will enhance product adoption. For instance, in 2017, due to hurricane Harvey, over 10GW of power generation capacity in Texas witnessed forced outages with considerable damage to the electrical infrastructure.
Hybrid gensets market is set to witness growth over 10% by 2030. Ongoing expansion across off-grid locations along with declining costs of battery technology & renewable energy will stimulate the adoption of these systems. Furthermore, adoption of stringent environmental mandates pertaining to air pollution will enhance the product demand.
Table of content:
Chapter 4 Global Gensets Market, By Power Rating
4.1 Global gensets market share by power rating, 2018 & 2030
4.2 750 kVA, by region, 2014 - 2030
Chapter 5 Global Gensets Market, By Fuel
5.1 Global gensets market share by fuel, 2018 & 2030
5.2 Diesel
5.2.1 Global market from diesel, 2014 – 2030
5.2.2 Global market from diesel, by region, 2014 - 2030
5.3 Gas
5.3.1 Global market from gas, 2014 – 2030
5.3.2 Global market from gas, by region, 2014 - 2030
5.4 Hybrid
5.4.1 Global market from hybrid, 2014 – 2030
5.4.2 Global market from hybrid, by region, 2014 - 2030
You may also like our other trending report:
Hydraulic Cylinder Market
https://www.globenewswire.com/news-release/2017/08/08/1081505/0/en/Hydraulic-Cylinder-Market-to-hit-16-4-billion-by-2025-growing-at-6-CAGR-Global-Market-Insights-Inc.html
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DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: info@decresearch.com
About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.
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