Selbyville, Delaware, June 04, 2019 (GLOBE NEWSWIRE) -- The U.S. industrial generator sets market is set to exceed USD 1.4 billion by 2025. Deteriorating resilience of the U.S. electric infrastructure to large-scale power outages triggered cascading power failures, cyber-attacks, and severe weather conditions will continue to necessitate the increased deployment of these units. Additionally, the dual trends of increased demand for the reliable electricity supply and prolonged underinvestment in T&D infrastructure will boost the deployment of these products.
Asia Pacific industrial generator sets market is set to achieve over 8% CAGR from 2019 to 2025 supported by lower operating costs and availability of cost-effective automotive production and export hub.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3354
Mining applications accounted for over 8% of the global industrial generator sets in terms of annual shipments. Growing investments in infrastructure development coupled with pro-mining legislation will stimulate the deployment of these gensets across the sector. For instance, the recent Executive Order from the U.S. Interior Department aims at promoting increased domestic mining through improved permitting processes. These gensets are being increasingly operated for to power heavy duty equipment including excavating machinery, conveyor belts, drillers and cranes for diverse mining operations.
Global industrial generator sets market is set to cross USD 13 Billion by 2025, as reported in the latest study by Global Market Insights, Inc. Growing investments toward infrastructure development along with expanding manufacturing base will simulate the global industrial gensets market size. Industries including automotive, pharmaceuticals, mining, Oil & Gas, construction and others hold an extensive deployment potential for these gensets. The proliferating infrastructural development and industrialization across the emerging economies will boost the product demand.
75-375 kVA gensets market is anticipated to expand over 7% by 2025. The industry growth can be attributed to rising infrastructure investments coupled with booming construction sector. These units are vital for supplying power to work sites where grid supply is unavailable and are essential for restoration of services after the occurrence of natural disasters. Upcoming mega events, most notably the Qatar FIFA World Cup 2022 and Dubai World Expo 2020 will demand the heavy deployment of these units to support the robust construction activities.
Browse key industry insights spread across 540 pages with 909 market data tables & 38 figures & charts from the report, “Industrial Generator Sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By End-Use (Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics), By Application (Standby, Peak Shaving, Prime/Continuous), By Fuel (Diesel, Gas, Others) Industry Analysis Report, Regional Analysis (U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Philippines, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Angola, Kenya, Mozambique, Brazil, Mexico, Argentina, Chile), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-generator-sets-market
Natural gas industrial generator sets market size is predicted to grow over 8% up to 2025. Increasingly stringent environmental compliances along with growing focus on cleaner sources & energy efficiency will stimulate the industry size. Additionally, growing availability of natural gas favored by an expanding LNG infrastructure coupled with shale gas revolution will accelerate the industry growth.
Standby industrial generator sets market is set to witness appreciable growth on account of rising demand for consistent power supply along with elevating costs associated with power interruptions across industrial establishments. Unexpected power interruptions on account of grid failures or weather-related outages can translate into significant revenue losses due to equipment failures, inventory loss or delays in scheduled deliveries.
Notable industry players operating in the global industrial generator sets market include Generac, Cummins, SDMO, Kirloskar Oil Engines Limited (KOEL), Briggs & Stratton, Mahindra Powerol, Himoinsa, Caterpillar, MTU Onsite amongst others.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3354
Browse Related Reports:
Global Home Standby Gensets Market By Products (Air Cooled, Liquid Cooled), By Power Rating (<10 kVA, 10 - 50 kVA, 50 – 100 kVA, >100 kVA), By Fuel (Gas, Diesel, Others), By Phase (Single Phase, Three Phase), Industry Analysis Report, Regional Analysis (U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, China, India, Australia, Japan, South Korea, Indonesia, Thailand, Philippines, Malaysia, Vietnam, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Angola, Kenya, Mozambique, Mexico, Chile, Argentina, Brazil), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2025
https://www.gminsights.com/industry-analysis/home-standby-gensets-market
Global Gas Generator Sets Market By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By End-Use (Residential, Commercial, Industrial), By Application (Standby, Peak Shaving, Prime/Continuous), Industry Analysis Report, Regional Analysis (U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, China, Australia, India, Japan, Indonesia, South Korea, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Angola, Kenya, Mozambique, Mexico, Chile, Argentina, Brazil), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2025
https://www.gminsights.com/industry-analysis/gas-generator-sets-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.