Genset Market Research Report - Global Forecast to 2022
Market Scenario The demand for energy and power has been increasing rapidly in recent times. Although there are several already existing power grid project and many power grid projects underway across the globe, they are bound to go through malfunction at a point, thus generators play an essential role when energy supply is concerned. Generators act as a backup to a form of power failure to any industry, grid or construction site. Increasing demand for continuous flow of power is set to boost the demand in the Genset market. Hence the market for Hence the market for Genset Market is expected to grow at XX% CAGR (2016-2022) is expected to grow at XX% CAGR (2016-2022).
Segments The Genset market has been segmented: ∑ ∑ ∑
On the basis of end user as Residential, Commercial and Industrial. On the basis of application the market has been segmented as continuous, stand by and peak shave. On the basis of fuel type the market has been segmented as diesel and gas.
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