Generator Set Market to Generate $27,863 Mn Revenue by 2030, Globally says P&S Intelligence
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NEW YORK, March 16, 2021 /PRNewswire/ Several developing countries in Africa, such as Ghana and Nigeria, are plagued by transmission losses, which lead to a significant deficit in the amount of electricity being supplied. As a result, the generator set market size, which was $17,592.6 million in 2019, is projected to witness a CAGR of 5.8% between 2020 and 2030, to reach $27,863.0 million by 2030, according to P&S Intelligence.
This is because the huge electricity demand–supply gap has created a strong need for alternative power production systems, such as generator sets. In this regard, the high capital required for the setting up and maintenance of grids, several natural forces, and low-volume production of energy in the region are also acting as key drivers for generator market.
Uninterrupted Power Supply (UPS) System Market to Reach $9.4 Bn, Globally, by 2027 at 4.3% CAGR: Allied Market Research
PORTLAND, Ore., Feb. 4, 2021 /PRNewswire/ Allied Market Research published a report, titled, Uninterrupted Power Supply System Market by Type (Online, Offline and Line interactive), Rating (200 KVA), and End User (Residential, Industrial, and Commercial): Opportunity Analysis and Industry Forecast, 2020-2027. According to the report, the global UPS system industry generated $7.4 billion in 2019, and is expected to garner $9.4 billion by 2027, witnessing a CAGR of 4.3% from 2020 to 2027.
Prime determinants of growth
Increase in demand for reliable power solutions for supporting large-scale manufacturing facilities and surge in adoption from residential and commercial sectors drive the growth of the global uninterrupted power supply system market. However, high maintenance cost of UPS systems hinders the market growth. Contrarily, advancements such as Lithi
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Industrial Belt Tensioners Market Research 2021-2025 | Increasing Investments in Industrial Assets to Boost Market Growth | Technavio
February 1, 2021 GMT
Technavio has announced its latest market research report titled Global Industrial Belt Tensioners Market 2021-2025 (Graphic: Business Wire).
Technavio has announced its latest market research report titled Global Industrial Belt Tensioners Market 2021-2025 (Graphic: Business Wire).
LONDON (BUSINESS WIRE) Feb 1, 2021
The new industrial belt tensioners market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
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Technavio has announced its latest market research report titled Global Industrial Belt Tensioners Market 2021-2025 (Graphic: Business Wire).
Technavio Research: Industrial Belt Tensioners Market Research 2021-2025 | Increasing Investments in Industrial Assets to Boost Market Growth | Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210201005818/en/
Technavio has announced its latest market research report titled Global Industrial Belt Tensioners Market 2021-2025 (Graphic: Business Wire).
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the industrial belt tensioners market. Get FREE report sample within MINUTES One of the primary growth drivers for this market is the increasing investments in industrial assets, says a senior analyst for the industrials industry at Technavio. The market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover Technavio expects the industrial belt tensioners market size
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Technavio has been monitoring the diesel gensets market in GCC countries and it is poised to grow by 106.99 mn during 2021-2025, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210122005494/en/
Technavio has announced its latest market research report titled Diesel Gensets Market in GCC Countries 2021-2025 (Graphic: Business Wire) Click Get Free sample report in minutes
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at Par impact on the die