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Prime Power Generators Market Trends

Report ID: GMI5998
Published Date: Jun 2023
Report Format: PDF

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Prime Power Generators Market Trends

The industrial sector including manufacturing plants, data centers, and construction sites will positively sway the business growth. There is a growing emphasis on fuel efficiency, which aligns with the adoption of hybrid power systems, offering enhanced reliability and flexibility in power generation. Increasing power outages, natural disasters, and the need for reliable backup power sources will further boost the industry outlook. The product features key benefits including improved fuel efficiency, advanced control systems, remote monitoring capabilities, and enhanced automation features, accelerating the business potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of prime power generators was valued at USD 16 billion In 2023 and is expected to grow at over 7.5% CAGR from 2024 to 2032, driven by growing demand for continuous & dependable power supply globally.

The oil & gas sector will surpass USD 2 billion by 2032, attributed to the rapid expansion of oil & gas production and exploration activities worldwide.

Africa prime power generators market size was USD 1.4 billion in 2022, driven by the rising demand for reliable power infrastructure in the region.

Notable prime power generators market players include Rolls-Royce, Atlas Copco, MITSUBISHI HEAVY INDUSTRIES, Briggs & Stratton, Wärtsilä, HIMOINSA, YANMAR HOLDINGS CO., and Scania, among others.