Tag Archives: Generator Industry

Generator Industry Size, Share, Analysis and Forecast 2016 – 2024

Generator sets are ideal solutions to provide electricity in individual homes and other facilities. Generator sets not only aid in providing backup power but also in peak shaving power and prime continuous power. Numerous households, communities, industrial, and commercial facilities have installed generator sets for providing power. Demand for electricity has been increasing constantly across the globe in the last decade owing to increasing population and industrialization. However, electricity generation by utilities is not sufficient to meet the global demand for power. This has created a favorable space for generator sets to fill in the gap between power generation and consumption. North America dominates the global market for generator sets. This report by Transparency Market Research analyzes, estimates, and forecasts demand for generator sets on the global and regional level for an eight-year period from 2016 to 2024 in terms of revenue. The study also provides information on restraints, drivers, and opportunities along with their impact on the overall market during the forecast period. The report segments the market based on power rating, fuel type, application, end-user, and region and provides estimates and forecast of the generator market for each segment.

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