European Commercial Gensets Market size is projected to witness a huge demand between 2021 to 2027, according to a latest forecast report by Graphical Research.
The Europe commercial genset industry growth is owing to surging weather unpredictability and rising frequency of natural disasters. Increasing private & public investments toward expansion of commercial establishments along with commencements of smart city projects will augment the market landscape. Furthermore, favorable government norms to revamp conventional grid infrastructure will positively sway the industry scenario.
Ongoing construction activities and limited availability of power across remote locations will foster the demand of < 75 kVA rated commercial genset. Wide scale utilization of the product across complexes, restaurants, resorts, and telecom towers will facilitate the market growth. Moreover, paradigm shift toward the deployment of affordable & reliable power solutions will positively influence the product penetration.
High reliability, low fuel consumption along with high feasibility across the construction industry will sway the demand for diesel based commercial gensets. Surging investments toward the development of commercial establishments including high-rise office buildings, data centers, and universities will fuel the industry growth. Cost efficiency, flexible and reliable engine performance and more life span are the few key features accelerating the product adoption.
Browse detailed statistical insights from the report, “Europe Commercial Genset Market Size By End-Use (Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Agriculture, Aquaculture), By Power Rating (< 75 kVA, 75 kVA - 375 kVA, 375 kVA - 750 kVA, > 750 kVA), By Fuel (Diesel, Gas, Hybrid), By Application (Standby, Peak Shaving, Prime/Continuous), Country Outlook (Russia, UK, Germany, France, Italy), Research Report, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
Surging infrastructural investments toward development of healthcare sector along with continuous expansion of data centers is set to drive the market revenue. Increasing digitalization and ongoing technological advancements across IT sector coupled with adoption of smart control and monitoring systems will fuel the industry potential. Surging government electrification programs along with rapid population growth will complement the market scenario.
Burgeoning expansion in the telecom sector coupled with rising demand for backup power across the automation sector will propel the Italy commercial gensets market size. Growing development of mega commercial projects including supermarkets, malls, hotels, and related public facilities as a result of rapid urbanization will escalate the product adoption. The influence of COVID-19 on the market is minimum owing to growing demand for electricity across commercial construction and healthcare sector.
The key companies functioning across the market include Generac, Briggs & Stratton, SDMO, Yamaha Motor, Ingersoll Rand, Himoinsa, Powerica, Caterpillar, Wärtsilä, Mitsubishi Power, Huu Toan Group and Siemens. Major participants are focusing to announce advanced technologies through acquisitions, mergers, and creating strategic agreements to sustain the competition prevailing in the industry.
The European commercial gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Power Rating
- <75 kVA
- 75-375 kVA
- 375-750 kVA
- >750 kVA
Europe Market, By Fuel
Europe Market, By End Use
- Data Centers
- Educational Institutions
- Government Centers
- Retail Sales
Europe Market, By Application
- Peak Shaving
The above information has been provided for the following countries: