Gas Generator Sets Market Revenue To Exceed $15 Billion By 2028: Global Market Insights Inc.

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The > 200 kVA – 330 kVA segment is estimated to see an upsurge due to low natural gas prices and lower demand, leading to oversupply and high gas inventories. The increased availability of natural gas from shale results in 50% CO2 emissions compared to coal for the same heat output, enabling the transition to gas-fired power generation and driving market growth. The increasing demand for power solutions with fast, automatic start-up and optimum reliability will increase the deployment of these units.

The standby gas generator market is set to gain significant momentum owing to the ramping up of government electrification programs and robust development of data centers. The growth of the telecommunications sector is accompanied by an increased deployment of gas generator sets to meet the continuous power needs of the telecommunications infrastructure. Increasing government funding for the development of data centers and big data platforms will positively drive the market demand.

Africa The Gas Generator Set Market Is Expected To Exceed $1 billion by 2028. Expanding natural gas explorations and developments will drive industry expansion. The relatively open access and attractive rental conditions of the hydrocarbon sector will require the massive deployment of these systems. Additionally, governments are catalyzing measures to secure gas supply and develop gas infrastructure, which will drive market statistics.

Major players operating in the market are Cummins, Briggs & Stratton Corporation, Kohler, Generac Power Systems, Caterpillar, Rolls-Royce, HIMOINSA, Mahindra Powerol, Genmac, Aggreko, Eaton, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation, WEN Products, HIPOWER, Cooper Corp. and Camda New Energy Equipment.

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Some of the key findings of the Gas Generator Sets Market report include:

  • The market is expected to grow owing to the increasing frequency of weather-related disasters.
  • The introduction of the capacity market provides an attractive opportunity for large scale gas generator deployments.
  • The rapid development of commercial and industrial establishments will fuel the market value.
  • Better allocation of public funds to ensure that domestic industrial investment will further accelerate industry demand.

Table of contents (ToC) of the report:

Chapter 3 Gas Generator Sets Market Overview

3.1 Industry Ecosystem Analysis

3.2 Innovation and technology landscape

3.3 Regulatory landscape

3.4 Impact of COVID-19 on Industry Outlook

3.5 Industry impact forces

3.5.1 Drivers of growth

3.5.2 Industry pitfalls and challenges

3.6 Analysis of growth potential

3.7 Porter’s analysis

3.7.1 Bargaining power of buyers

3.7.2 Bargaining power of buyers

3.7.3 Threat of new entrants

3.7.4 Threat of Substitutes

3.8 Competitive Landscape, 2021

3.9 PESTEL analysis

Browse Full Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/gas-generator-sets-market

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, US, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as growth advisory services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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