Press release
Power Generators Market Is Expected To See A Huge Surge In Demand And Growth In The Forecast Period 2023-2032
Power Generators Market
As per the power generators market report by The Business Research Company, the increasing demand from several industries such as mining, oil and gas, and pharmaceuticals is expected to contribute to the growth of the generator manufacturing market in the forecast period. Generators are used as a source of power backup in many industrial activities. However, in cases where grid infrastructure is absent, generators are used as the only source of power.
The global power generators market is expected to grow from $17.67 billion in 2021 to $19.72 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services affecting many markets across the globe. The global power generator manufacturing market is expected to reach $26.65 billion in 2026 at a CAGR of 7.8%.
Read More On The Power Generators Market Report Here:
https://www.thebusinessresearchcompany.com/report/power-generators-global-market-report
Major competitors in the power generators market include Aggreko, Atlas CopCo., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton.
The power generators market is segmented -
• By Type: Gas Generator, Diesel Generator, CKD Generator
• By Capacity: Below 75kva, 75-375 kva, 375-750 kva, Above 750 kva
• By Application: Stand By, Peak Shaving, Continuous
• By End User: Mining, Oil And Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A power generator refers to a machine that converts mechanical energy into electrical energy for applications in external circuits to provide an uninterrupted power supply, which uses mechanical energy such as steam, gas, and water.
The Table Of Content For The Power Generators Market Include:
1. Executive Summary
2. Power Generators Market Characteristics
3. Power Generators Market - Macro Economic Scenario
4. Power Generators Market Size And Growth
5. Power Generators Market Segmentation
6. Power Generators Market Regional And Country Analysis
……
26. Power Generators Market Competitive Landscape And Company Profiles
27. Key Mergers And Acquisitions In The Power Generators Market
28. Power Generators Market Trends And Strategies
29. Power Generators Market Future Outlook and Potential Analysis
30. Appendix
The "Global Power Generators Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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