Press release
New Research Study on Genset market predicts steady growth till 2026
Genset Market
The global gensets market was valued at USD 18.03 billion in 2018 and is expected to reach a value of USD 28.85 billion by 2026, with an anticipated CAGR of 6.05% during the forecast period, 2019–2026. A genset is a device that transforms mechanical energy into electrical energy for various purposes. It comprises an engine and an alternator, which are coupled and embedded on a base with other components. The other components of a genset include batteries, fuel tank, control board, and programmed transfer switch. Gensets are cost-effective equipment with high efficiency and reliability in operation.
Grab a Free Sample PDF copy of the Genset Market Report 2019 @ https://straitsresearch.com/report/genset-market/request-sample
The Major Players Covered in this Report: Caterpillar, Wartsila, Siemens, General Electric, ABB Ltd, PARAMAC, Generac Holdings Inc., Cummins, Kohler Co., MTU Onsite Energy, Mitsubishi Heavy Industries, Kirloskar Electric Company, Yanmar Co. Ltd., and Himoinsa S.L., among others., & More...
By Power Rating, Up to 100 kVA,100–350 kVA,350–1000 kVA,Above 1000 kVA
By Fuel Type,Diesel, Natural Gas, Propane
By Application, Stand
By Power, Peak Shaving, Prime/Continuous Power
By End User, Industrial, Commercial, Residential
Key Insights:
1.) Attributing to stringent environmental regulations, key players in the market are continuously working to develop new products that mitigate emission; for instance, Inmesol, a manufacturer of eco-friendly generators sets, is designing highly-efficient gensets that will reduce gas emissions
2.) Cummins India, a manufacturer of diesel and natural gas engines for power generation and other applications, has developed a series of gensets that are compliant with the new environmental norms (CPCB II) to be implemented by the Central Pollution Control Board in India
Buy Full Report with Detail Analysis with COVID-19 Impact –https://straitsresearch.com/buy-now/genset-market/global/
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Genset in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Genset market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Genset and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Genset. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
Why Buy This Report?
a. The global gensets market report covers a detailed analysis of the economic impact of generators in the global scenario
b. The report specifically focuses on Asia-Pacific and North America regions where the infrastructure sector is gaining traction and creating prospects for market growth
c. A brief study on the market’s attractive segments is also included in the scope of the report
Key Report Inclusions:
1. Size of the global gensets market in terms of revenue and volume (units) in 2018
2. Growth forecast for 2019–2026
3. Noteworthy trends and economic outlook
4. Leading suppliers and distributors in the market and their estimated global and regional market shares as of 2019
View Full Report @ https://straitsresearch.com/report/genset-market/
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