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Genset Market is Projected to Hit USD 30,590.5 Million at a 5.30% CAGR by 2030 - Report by Market Research Future (MRFR)

Genset Market is Projected to Hit USD 30,590.5 Million at a 5.30% CAGR by 2030 - Report by Market Research Future (MRFR)
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Diesel Generator Market worth USD 30.81 billion by 2028, registering a CAGR of 8.70% – Report by Market Research Future (MRFR)

Diesel Generator Market worth USD 30.81 billion by 2028, registering a CAGR of 8.70% – Report by Market Research Future (MRFR)
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Fuel Cell Market Eyeing Phenomenal Growth at a healthy CAGR of 14.5% | Market Research Future (MRFR)

COVID-19 Analysis The COVID-19 outbreak had a negative effect on the global fuel cell technology market owing to a lack of finances for research & development activities, project delays, and supply chain disruptions. The current demand for hydrogen from the chemical sector, steel manufacturing, and oil refining has been affected by the outbreak. Market Segmentation The MRFR report throws light on an inclusive analysis of the fuel cell technology market based on application and type. By type, the global fuel cell technology market is segmented into PAFC, DMFC, SOFC, MCFC, PEMFC, and others. Of these, the PEMFC segment will lead the market over the forecast period for the advances in technology.

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Global Diesel Genset Market Report 2020

Global Diesel Genset Market Report 2020
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Diesel Genset Market to Hit $21,929.9 Million Revenue by 2030, Globally, says P&S Intelligence

(1) NEW YORK, Jan. 13, 2021 /PRNewswire/ Due to the rapid digitization around the world, the usage of intelligent personal assistants, autonomous cars, the internet of things (IoT), digital currencies, and cloud computing is rising. This factor will take the global diesel genset market from $13,773.0 million in 2019 to $21,929.9 million in 2030, at a 6.0% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence. This is because the increasing usage of all such technologies is leading to the demand for an additional space to store all the digital data being created. As a result, more data centers are being constructed around the world, which is ultimately driving the diesel genset market growth. Several components of data centers require a continuous supply of electricity, which, in cases of power cuts, is provided by diesel generators.

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