IMARC Group’s latest research report, titled “Diesel Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global diesel generator market reached a value of US$ 15.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 22.14 Billion by 2027, exhibiting a CAGR of 5.80% during 2022-2027. A diesel generator (DG) refers to a machine that transforms chemical energy to electrical energy using a diesel engine and an electric generator. It injects active and reactive powers simultaneously and is reliable, durable, cost-effective, hassle-free, fuel-efficient, etc. Diesel generators are also sturdy, resilient, and can withstand rigorous compression. As a result, they find extensive applications as a primary source of energy production in power plants and as a backup in industrial, residential, and commercial establishments across the globe.
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Important Attribute and highlights of the Report:
The increasing need for an uninterrupted and reliable power supply is primarily driving the diesel generator market. Moreover, DGs are widely used in rural and remote places as they are easy to install and can be used in conjunction with other energy sources, such as solar power, for offsetting the peaking power needs on the grid. This is further catalyzing the market growth. In addition to this, DGs are utilized as portable generators during operations in offbeat work sites, which is acting as another significant growth-inducing factor. Besides this, the rising product usage in shopping centers and supermarkets is also augmenting the global market. Furthermore, as power outages are unexpected and unpredictable, hospitals require reliable generator backup to provide a fast start-up, which is projected to fuel the diesel generator market over the forecasted period.
Key Players Included in Global Diesel Generator Market Research Report:
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
TOC for the Diesel Generator Market Research Report:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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