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The objective of the Gas Generator Sets Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Gas Generator Sets Market.
Market Insights – The Gas Generator Sets Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Gas Generator Sets Market are-
Briggs & Stratton
Caterpillar
Cooper Corp.
Cummins Inc.
Generac Power Systems, Inc.
GENMAC
HIMOINSA
MAHINDRA POWEROL
Rolls-Royce Power Systems AG
SDMO Industries.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Gas Generator Sets Market value and growth drivers over the trend period of 2022-27. According to the report -
Gas Generator Sets Market is likely to witness a steady CAGR of more than 8% during the forecast period. This is primarily because of the low operating costs of gas generator sets, increasing natural gas production, government’s stringency on environmental norms and compliances, along with the growing focus on energy efficiency and cleaner fuel sources.
Based on Power Rating Type:
Based on the power rating type, the market is segmented into <75 kVA, 75-375 kVA, 375-750 kVA, and >750 kVA. Among these power ratings, the <75 kVA capacity generator sets are estimated to account for substantial share of the market during the forecast period, on account of their increasing demand from small scale industries, restaurants and cafes, and residential and commercial sectors. These generator sets witness large sales due to their low prices and large requirement. They help in offering power backup during power outages and power connections across the rural areas, with limited power access.
Based on Region:
In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. Among these regions, Asia-Pacific is expected to be dominant throughout the forecast period. The market growth in this region is majorly attributed to the growing number of infrastructure development projects, increasing gap between demand and supply, expansion and development of manufacturing facilities of various industries, and the large number of commercial offices and technology parks across the region.
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Critical Questions Answered in the Report
l What are the key trends in the global Gas Generator Sets Market?
l How the Gas Generator Sets Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Gas Generator Sets Market?
l What are the key strategies adopted by the major vendors to lead in the Gas Generator Sets Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Gas Generator Sets Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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