CHICAGO, May 5, 2021 /PRNewswire/ — According to the new market research report “Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous), Power Rating (<100 KVA, 100-350 KVA, 350-1000-2500 KVA, 2500-5000 KVA, >5000 KVA), Sales Channel (Direct, Indirect), End User, Region – Global Forecast to 2026″, published by MarketsandMarkets™, the Generator Sales Market is expected to grow from an estimated USD 19.9 billion in 2021 to USD 26.5 billion by 2026, at a CAGR of 5.9% during the forecast period. The growth of the Generator Sales Market is expected to be driven by the rising demand for uninterrupted & reliable power supply across several end-use industries and the expansion of the manufacturing sector. The increasing requirement for hybrid generators, bi-fuel, and inverter generators to reduce the running time of generators is likely to provide growth opportunities for the market players during the forecast period. However, the growing adoption of energy storage technologies is expected to restrain the growth of the Generator Sales Market.
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On the basis of fuel type, the diesel segment is expected to hold the largest share of the market
The diesel segment is expected to dominate the Generator Sales Market during the forecast period. Long running life, easy parts and fuel availability, capacity to handle varying loads, and quick response time have…
