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APAC contributes to the highest incremental growth of 46% to the diesel generator market for industrial applications during the forecast period, as per Technavio.
APR Energy, Atlas Copco AB, Caterpillar Inc. are the three major market participants for the diesel generator market for industrial applications.
NEW YORK , July 12, 2021 /PRNewswire/ --"The rise in demand from the telecom industry and the increasing popularity of diesel will further boost market growth during the forecast period," says a senior analyst at Technavio.
Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment. Download FREE Sample Report
Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. COVID-19 will have at Par on the diesel generator market for industrial applications. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
The diesel generator market for industrial applications in the heavy electrical equipment industry is expected to grow by USD 1.95 billion , progressing at a CAGR of almost 6% during 2021-2025, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Diesel Generator Market for Industrial Applications in Heavy Electrical Equipment Industry 2021-2025: Key Highlights
Diesel Generator Market for Industrial Applications in Heavy Electrical Equipment Industry 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio provides a detailed analysis of around 25 vendors operating in the diesel generator market for industrial applications. APR Energy, Atlas Copco AB, Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., General Electric Co., Kirloskar Oil Engines Ltd., Kohler Co., Mitsubishi Heavy Industries Ltd., and Yanmar Holdings Co. Ltd. are some of the major market participants.
This study identifies the increasing popularity of diesel as one of the prime reasons driving the Diesel Generator market growth for Industrial Applications during the next few years. However, the stringent emission standards may threaten the growth of the market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45953
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Report link: https://www.technavio.com/report/diesel-generator-market-for-industrial-applications-industry-analysis
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