Press release
Gas Generator Sets Global Market is Expected to Grow to $11.98 Billion at a CAGR of 7.4% By 2027 | Key Players: Cummins, Kohler, Generac Power Systems, Caterpillar, HIMOINSA
Gas Generator Sets Market
The Business Research Company's Gas Generator Sets Global Market Report 2023 identifies the increasing energy consumption across the globe is expected to propel the growth of the gas generator sets market going forward. Rapid growth in socio-economic factors such as population, urbanization, net capital income, and industrial activities in both developed and developing economies have contributed to a rapid surge in consumption of electricity across the globe.
The global gas generator sets market grew from $8.36 billion in 2022 to $9 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. 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, causing inflation across goods and services and affecting many markets across the globe. The gas generator sets market is expected to grow to $11.98 billion in 2027 at a CAGR of 7.4%.
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Major players in the gas generator sets market are Cummins, Briggs & Stratton Corporation, Kohler, Generac Power Systems, Caterpillar, HIMOINSA, Mahindra Powerol, Genmac, Aggreko, Eaton, Champion Power Equipment, Cooper Corp, FIRMAN Power Equipment, Westinghouse Electric Corporation, and DuroMax Power Equipment.
Product innovation is a key trend gaining popularity in the gas generator sets market. Many companies operating in the gas generator sets market are developing innovative products with advanced technologies to strengthen their position in the market.
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The Gas Generator Sets Market Is Segmented -
• By Fuel Type: Natural Gas; Biogas; Other Fuel Types
• By Power Rating: Less Than 50 kVA; 51 kVA - 125 kVA; 126 kVA - 200 kVA; 201 kVA - 330 kVA; 331 kVA - 750 kVA; Above 750 kVA
• By Application: Standby; Peak Shaving; Prime/Continuous
• By End-User: Residential; Industrial; Commercial; Power and Energy; Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Gas Generator Sets market.
The Business Research Company's "Global Gas Generator Sets Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Gas Generator Sets Market Include:
1. Executive Summary
2. Gas Generator Sets Market Characteristics
3. Gas Generator Sets Market Trends And Strategies
4. Gas Generator Sets Market - Macro Economic Scenario
5. Gas Generator Sets Market Size And Growth
.....
26. Africa Gas Generator Sets Market
27. Gas Generator Sets Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gas Generator Sets Market
29. Gas Generator Sets Market Future Outlook and Potential Analysis
30. Appendix
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