November 15, 2021
Economy

Generator Sales Market to reach USD 28.5 billion by 2027 –

New York, June 22, 2021 (GLOBE NEWSWIRE) — Generator Sales Market Overview: According to a comprehensive research report by Market Research Future (MRFR), Generator Sales Market Research Report, Type, Fuel, End-use, Portability and Region – Forecast till 2027” The global generator sales market is projected to reach USD 28.5 billion by 2027 from an estimated USD 21 billion in 2021, at a CAGR of 6.2%

Market Analysis

The global generator sales market is growing as a result of factors such as industrialization and urbanization, rising need for power backup systems, longer power outages during peak hours, and the necessity for uninterrupted power supply. For example, the oil and gas industry require power to work efficiently across the value chain. As a result, they require power generators to ensure that, in the event of a load shedding or power outage, generators with…

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