Commercial Gensets Market Value to Hit $21 Billion by 2027, Says Global Market Insights Inc.
SELBYVILLE, Del., March 25, 2021 / PRNewswire / – Market revenues are expected to intersect for commercial aggregates $ 21 billion According to the latest study by Global Market Insights Inc., the increasing demand for reliable and consistent power from numerous end users, including large industries, real estate and infrastructure, will stimulate product adoption. The ability to reduce total costs during an outage by offsetting the downturn will further strengthen the prospects for the commercial power pack industry.
Global Market Insights Inc.
The robust development of commercial spaces including hotels, supermarkets, shopping malls and other public spaces as a result of rapid urbanization is expected to encourage the introduction of power units rated at 200-330 kVA. Burgeoning population growth and rapid urbanization have increased the need for a consistent and reliable power supply to enable business continuity and thus increase the use of commercial generator sets.
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Prime Power commercial generator sets are seeing rapid deployment due to their widespread use in off-grid and remote areas with limited or no access to electricity. For example, in 2019 there were 771 million people worldwide who lacked basic access to electricity, according to the IEA Energy Access Outlook. In addition, 75 percent of this population is from sub-Saharan Africa Africa. As a result, increasing demand for electricity from underdeveloped regions, which experience prolonged blackouts even during rush hour, will improve the adoption of commercial generator sets.
Some Key Findings of the Commercial Aggregates Market Report Are:
- The resurgent demand for commercial gensets due to fuel flexibility and easy availability is expected to boost product demand.
- A promising investment scenario, driven by the increasing involvement of global and local World Bank organizations to promote infrastructure development, will stimulate the business outlook.
- Implementation of stringent pollution control standards that encourage the use of cleaner alternative fuels will improve the adoption of gas and hybrid gensets.
- Major players in the market include Caterpillar, Generac, Cummins, Kohler, and Atlas Copco.
Browse key industry insights across 750 pages with 997 market data tables and 59 figures and charts from Commercial Aggregates Market Statistics by Performance Evaluation report (<50 kVA, 50-125 kVA, 125-200 kVA, 200-330 kVA, 330-750 kVA, >750 kVA), fuel (diesel, gas, hybrid), end use (telecommunications, healthcare, data centers, educational institutions, government centers, hospitality, retail sales, real estate, commercial complex, construction, infrastructure, large-scale industry), application (standby, peak shaving, prime / continuous ), Industry analysis report, regional analysis, application potential, price development, competitive market share and forecast, 2021-2027 “in detail together with the table of contents:
To the Europe, Germany The country will see a significant increase in 2020 as the government increases its focus on environmental compliance, cost reduction and energy efficiency. In addition, a favorable private and public investment scenario across the region with an emphasis on promoting innovation across the industry will complement product delivery.
The improvement in living standards following an increase in wages coupled with a growing awareness of end-users about emergency preparedness will complement the market statistics for commercial generator sets. Key industry players offer smaller power packs with high quality features and improved aesthetics to help maintain their market presence. In addition, the main market players in the commercial aggregates industry are focused on product differentiation, which has a positive impact on industry forecasts.
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Market statistics for home standby units by product (air-cooled, liquid-cooled), nominal power (<10 kVA, 10 - 50 kVA, 50 - 100 kVA, >100 kVA), fuel (gas, diesel, other), phase (single-phase, three-phase), industry analysis report, regional analysis, application potential, price development, competitive market share and forecast, 2019-2025
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Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and advisory service provider providing syndicated and custom research reports and growth advisory services. Our business intelligence and industry research reports provide clients with deep insights and actionable market data specifically designed and presented for strategic decision-making. These comprehensive reports are based on a proprietary research methodology and are available for key industries such as chemistry, advanced materials, technology, renewable energy and biotechnology.
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Industry forecasts for commercial aggregates 2021-2027
SOURCE Global Market Insights Inc.