Published Date: 2021-05-08
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European Generator Sets Market size is estimated to show tremendous growth through 2030, according to a latest forecast report by Graphical Research.
The European industry growth is on account of increasing weather-related disasters and natural calamities accompanied by escalated frequency of persistent blackouts. Refurbishment of existing grid infrastructure together with rising demand for reliable & uninterrupted power supply will foster the demand for these units. Mass deployment of these units across industrial and commercial spaces catering to manufacturing, mining, oil & gas and construction areas will stimulate the market outlook.
< 75 kVA generator sets market is predicted to register a substantial growth between 2020 and 2030owing to surging demand from mega residential spaces driven by exceptional data usage through data centers, social networking platforms, e-commerce, & smartphones. Increasing urbanization rate coupled with booming real estate sector will initiate a favorable business scenario. In addition, increasing concept of work from home to employees together with high costs sustaining data centers are key factors which will boost the product adoption.
The diesel fueled gensets will witness substantial gains till 2030 due to their ability to offer longer engine life, highly flexible functioning and higher reliability. Flourishing IT sector followed by exponential development of the data centers will complement the industry size. Furthermore, wide scale utilization of these units across residential, commercial, and industrial sectors will augment the market landscape.
Browse detailed statistical insights from the report, “Europe Generator Sets Market Size By Fuel (Diesel, Gas, Hybrid), By Power Rating (< 75 kVA, 75 kVA - 375 kVA, 375 kVA - 750 kVA, > 750 kVA), By End-Use (Residential, Commercial, Industrial), By Application (Standby, Peak Shaving, Prime/Continuous), Research Report, Country Outlook (Russia, UK, Germany, France, Spain, Italy), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2030” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1032/europe-generator-sets-market
The residential generator sets segment is projected to see a steady growth during the forecast period owing to development of mega and small residential infrastructure coupled with increasing urbanization rate. Rising unpredictable power outages driven by increasing frequency of weather-related disasters led to large adoption of these gensets. In addition, the deployment of these units across residential structures as an emergency power backup solution in case of grid failure or blackouts will boost the industry scenario.
The prime powered segment will observe robust development over the coming years due to rising demand for uninterrupted power supply coupled with rapid industrialization and infrastructural development. Increasing consumer awareness toward adoption of reliable power backup solutions along with increased costs incurred while data center outages will continue to escalate the market demand. Furthermore, infrastructure and commercial investments driven by emerging trends in the construction industry across the region will foster the industry demand.
Germany generator sets market is set to witness a lucrative growth during the forecast timeline on account of introduction of stringent government data security regulations accompanied by the expansion of IT & data center industry. Rising demand for uninterrupted power supply coupled with refurbishment of existing grid infrastructure and ongoing construction activities will foster the market revenue. For instance, in 2018, Microsoft announced the expansion of its data centers infrastructure in Germany by opening of two new facilities, driving the demand for these units.
Manufacturers are increasingly focusing on backward integration to uphold high quality standards and to maintain their economic margins. Eminent players operating across the market are Cummins, Briggs & Stratton, Siemens, SDMO Industries, Caterpillar, Atlas Copco, Wärtsilä, HIMOINSA, Generac Power Systems, J C Bamford Excavators Deere & Company and Yamaha.
The European generator sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2020 to 2030 for the following segments:
Europe Market, By Power Rating
Europe Market, By Fuel
Europe Market, By End Use
Europe Market, By Application
The above information has been provided for the following countries:
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