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Generator Sales Market to Touch $26.5 billion by 2026

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,

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Generator Sales Market to Touch $26.5 billion by 2026

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  1. Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous), Power Rating (<100 KVA, 100-350 KVA, 350-1000-2500 KVA, 2500-5000 KVA, >5000 KVA), Sales Channel (Direct, Indirect), End User, Region - Global Forecast to 2026 www.MarketsandMarkets.com

  2. 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 restrain the growth of the generator sales market. View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/generator-sales-market-47544335.html

  3. On the basis of fuel type, the diesel segment is expected to hold the largest share of the market. The diesel segment is expected to dominate the generator sales market during the forecast period. Long running life, easy parts and fuel availability, capacity to handle varying loads, and quick response time have helped the diesel generator market to acquire the largest share. This segment is primarily driven by the increased demand for standby power from data centers, IT facilities, and healthcare infrastructure.   Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=47544335

  4. 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. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47544335

  5. Browse >> 211 market data tables 60 figures 256 pagesand in-depth TOC on “Generator Sales Market - Global Forecast to 2026” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $7150 for single user. Corporate User : US$9650 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  6. Asia Pacific is expected to lead the generator sales market In this report, the generator sales market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to lead the generator sales market, by region, during the forecast period. Asia Pacific consists of developing countries such as India, Bangladesh, and Taiwan. The growing manufacturing sectors in these countries is expected to be the main driver. Also, the growth of the IT and healthcare sectors in China, Australia, India, Singapore, and South Korea has played a significant role in the growth of the generator sales market in Asia Pacific. Nearly all the countries in the region are augmenting their oil & production capacity. China and India are investing heavily in their offshore projects. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=47544335

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Generator Sales Market. These include • Caterpillar (US), • Cummins (US), • Rolls-Royce Holdings (UK),   • Mitsubishi Heavy Industries, Ltd.  (Japan), • Generac (US)and many more... • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=47544335

  8. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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