/PRNewswire/ According to the new market research report "Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (Up to 50 kW, 51–280 kW, 281-500.
Generator Sales Market to Be Worth US$ 28 6 Billion by The Year 2032 – Comprehensive Research Report by FMI padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Companies in the generator sales market are Caterpillar Inc. (U.S.), Rolls-Royce (U.K.), MAN Energy Solutions (Germany), Zwart Techniek (Netherlands),.
The industrial segment is expected to be the fastest growing Generator Sales Market, by application, during the forecast period.
The industrial segment is expected to grow at the highest CAGR from 2021 to 2026. The market is primarily driven by the increased need for generators from oil & gas, power generation, and chemical industries. The growth of the industrial end-user segment can be attributed to the rapid industrialization in developing countries such as India, Bangladesh, Taiwan, Algeria, and Nigeria. Industrial generators are developed to ensure that there is a continuous supply of power in the event of power failure from the grid system. Moreover, increased investments in natural gas exploration and refineries are likely to boost the Generator Sales Market. Also, the rising development of infrastructure in countries such as Saudi Arabia, the UAE, and Algeria are likely to impact the industrial segment during the forecast period positively.
Generator Sales Market Worth $26.5 Billion by 2026 - Exclusive Report by MarketsandMarkets Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous), Power Rating (5000 KVA), Sales Channel (Direct, Indirect), End User, Region - Global Forecast to 2026 , published by MarketsandMarkets, the Generator Sales Market is expected to grow from an estimated USD 19.9 billion in 2021 to USD 26.5 billion by 2026, at a CAGR of 5.9% during the forecast period. The growth of the Generator Sales Market is expected to be driven by the rising demand for uninterrupted & reliable power supply across several end-use industries and the expansion of the manufacturing sector. The increasing requirement for hybrid generators, bi-fuel, and inverter generators to reduce the running time of generators is likely to provide growth opportunities for the market players during the forecast period. However, the growing adoption of energy storage technologies is expected to rest