Generator Sales Market Will Generate Record Revenue by 2029

The global generator sales market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period. The speeding up in industrialization is one of the prime factors affecting and driving the market most importantly in the emerging nations that include Brazil, India along with China. This in turn is increasing the demand for generators that are utilized in manufacturing activities related to the industry as they act as a secondary supporting element in the time of power crisis. Additionally, through generators' presence, any risk associated with operations of the business is also reduced which will lead to an increase in the total income of business along with improving the living standards of the society.

The key players present in the global generator sales market had been adopting various strategies that include new launches and investment to gain major market share. For instance, in October 2020, Rolls-Royce plc had set forth to invest around $13.9 million in its Power Systems business unit for the purpose of enlarging its MTU power generation manufacturing facility in the US.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2022-2030

• Segment Covered-

· By Type

· By Application

· By End-User

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape- Caterpillar, Cummins Inc., Rolls-Royce plc, Generac Power Systems, Inc. and Siemens Energy

A full Report of Generator Sales Market is Available at: https://www.omrglobal.com/industry-reports/generator-sales-market

Generator Sales Market

By Type

• Diesel

• Gas

• Other

By Application

• Standby Power

• Peak Shaving Power

• Prime & Continuous Power

By End-User

• Industrial

• Commercial

• Residential

Generator Sales Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

· ABB

· Atlas Copco

· AKSA POWER GENERATION

· Briggs & Stratton

· Caterpillar

· Cummins Inc.

· Generac Power Systems, Inc.

· Greaves Cotton Ltd.

· Kohler Co.

· Multiquip Inc.

· Rolls-Royce plc

· Siemens Energy

· Wärtsilä

· Weichai Holding Group Co.,Ltd.

· YANMAR HOLDINGS CO., LTD.

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