Press release
Global Diesel Genset Market || Technological Innovations & Market Insights till 2030
Prophecy Market Insights
The global diesel genset market accounted for US$ 14 billion in 2019 and is estimated to be 16 billion by 2026 and is anticipated to register a CAGR of 6.1%. The report. "Global Diesel Genset Market, By Power Rating (750 kVA), By End-user (Residential, Commercial, and Industrial), By Application (Standby, Peak Shaving, and Prime/Continuous), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2026”.
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Analyst View:
Foremost companies in the diesel gensets market are constantly struggling to find the next-generation diesel generators owing to strict regulations. The next-generation generators have in-built automatic voltage regulators and electronic governors. These technologies mechanically control the speed of generator engines as required, thus making the generators more energy-efficient. Furthermore, they add some extra features such as remote monitoring of genset. These developments might provide the sustainability to diesel gensets, thereby promoting the market growth. Governments of various countries are focusing on several targets to achieve significant improvement in the rural electrification rate, surge power outages in the urban areas, and increase longer timeframe needed to set up the distribution and transmission infrastructure are some of the boosting factors for the diesel generator market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Diesel Genset Market”, By Power Rating (750 kVA), By End-user (Residential, Commercial, and Industrial), By Application (Standby, Peak Shaving, and Prime/Continuous), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
Key Market Insights from the report:
The global diesel genset market accounted for US$ 14 billion in 2019 and is estimated to be 16 billion by 2026 and is anticipated to register a CAGR of 6.1%. The market report has been segmented on power rating, end-user, application, and region.
By power rating,
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