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Generator Sets Market

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By Author: Vikas Godage
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Generator Sets Market is estimated to surpass $ 25.0 Billion mark in 2019 and reach USD 38.0 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period 2016-2024 globally.
Growing demand for continuous and reliable power supply driven by inadequacy of electrical grid infrastructure will stimulate the Generator Sets Market size. The industry is primarily driven by rapid industrialization, expanding population base and rising frequency of chronic power shortages.
According to the International Energy Agency (IEA), electrical grid supply is reported to be unavailable for over 540 hours per year across the sub-Saharan Africa region.


Growing digitization accompanied by exponential expansion across the data center infrastructure will drive the generator sets market growth. Rapid deployment of gensets as a backup source of power across the financial services firms, insurance companies, and IT services will positively impact the business scenario. Ability to effectively backup power interruptions including electrical outages or voltage fluctuations will accelerate the deployment ...
... of generator sets.
Growing dependency on digitization along with a steady upsurge in data center outages cost will significantly boost the gensets adoption. According to the Ponemon Institute, an average data center outage cost has dramatically increased by over 38 percent from USD 505 thousand in 2010 to USD 740 thousand in 2015. The burgeoning expansion of the data centers sector is invariably accompanied by significant growth in the global market.
The ongoing deployment of gensets across the industrial sector as a source of prime power generation will fuel the industry growth. These units are being increasingly installed in multiple industries including mining, oil & gas, a construction where grid access is limited. Rapid industrialization along with increasing investments toward infrastructural development will propel the global market.

DC generators sets market is predicted to expand over 6% by 2024. Simple design and construction, optimum fuel efficiency, and ease of parallel operation are some of the defining features supporting the industry growth. Operational ability to provide integrated power solutions with renewables including wind and solar power will further boost the product penetration.

North America Generator Sets Market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period. U.S. generator sets market, in 2017 was valued over USD 4 billion. Increasing severity and frequency of weather-related disasters have significantly necessitated the adoption of generator sets across the country.
For instance, in September 2017, Hurricane Maria, a Category 4 storm hit hard Puerto Rico leaving over 1.57 million electricity customers without power. As per the Edison Electric Institute, weather-related events account for over 70 percent of power outages in the U.S.

Maximize Market Research has comprehensively analyzed Generator Sets Market emphasising on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario.
The report classifies Global Generator Sets Market into various segments such as Current, Fuel, Power Rating, Application, End-Use and Regions providing the thorough understanding of the Generator Sets Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global Generator Sets Market.

For more information Visit@
https://www.maximizemarketresearch.com/market-report/generator-sets-market/11256/
The scope of the Generator Sets Market:
Generator Sets Market By Current:

DC, AC (Single Phase, Poly Phase)

Generator Sets Market By Fuel:

Gasoline, Diesel, Gas

Generator Sets Market By Power Rating:

1000 kVA

Generator Sets Market By Application:

Backup, Prime Power

Generator Sets Market By End-Use:

Residential, Commercial, Industrial

Generator Sets Market By Geography:

North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Key Players of the Generator Sets Market

AKSA Power Generation

Briggs & Stratton Corporation

Caterpillar Inc.

Cooper Corporation

Cummins Inc.

Doosan Corporation

Generac Power Systems

General Electric Corporation

Honda Power Equipment

Kirloskar Oil Engines Limited

Kohler

Ingersoll Rand

Yanmar

Sterling

Manlift Group

Atlas Copco

Powerica

John Deere

Mitsubishi

Mahindra Powerol

America Honda Motors


Success Stories: Key Industry Players:


Briggs & Stratton Corporation

Caterpillar Inc.

Cooper Corporation

Cummins Inc.

Kohler
This Report Is Submitted By @Global Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
 
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
 
Contact Us:
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH
Email: sales@maximizemarketresearch.com
Contact:  +91 9607365656

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