Global Gas Generator Sets Market Size, Forecasts, And Opportunities – Includes Gas Generator Sets Market Report
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The global gas generator sets market is expected to grow from $7.82 billion in 2021 to $8.3 billion in 2022 at a compound annual growth rate (CAGR) of 6.48%. The global gas generator sets market size is expected to grow to $11.15 billion in 2026 at a compound annual growth rate (CAGR) of 7.57%.
The increasing energy consumption across the globe is driving the gas generator sets market.
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The gas generator sets market consists of sales of gas generator sets by entities (organizations, sole traders, and partnerships) that refer to a portable power equipment that consists of a gas engine and an alternator/electric generator. Generator sets are frequently utilized in underdeveloped areas that are not connected to the electricity grid, as well as in situations where power outages are prevalent or an outage could cause problems. They can be utilized as a primary energy source or as a backup power source, such as during peak usage hours.
Global Gas Generator Sets Market Segments Include:
By Fuel Type: Natural Gas, Biogas, Others
By Power Rating: Less Than 50 kVA, 51 kVA – 125 kVA, 126 kVA – 200 kVA, 201 kVA – 330 kVA, 331 kVA – 750 kVA, Above 750 kVA
By Application: Standby, Peak Shaving, Prime/Continuous
By End-User: Residential, Industrial, Commercial, Power and Energy, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global gas generator sets market in 2021.
Strategic partnership is a key trend gaining popularity in the gas generator sets market. Companies operating in the gas generator sets market are focusing on entering into strategic partnerships with technology players to expand their new product development activities and expand their business reach.
TBRC’s Gas Generator Sets Market Report Covers:
Major Market Players: Cummins, Briggs & Stratton Corporation, Kohler, Generac Power Systems, Caterpillar, HIMOINSA, Mahindra Powerol, Genmac, Aggreko, Eaton, Champion Power Equipment, Cooper Corp, FIRMAN Power Equipment, Westinghouse Electric Corporation, and DuroMax Power Equipment.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Gas Generator Sets Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides gas generator sets market overviews, analyzes and forecasts market size, share, gas generator sets market players, gas generator sets market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s gas generator sets market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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