Apr 05, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Commercial Standby Generator Sets Market.

It was estimated prior to this unanticipated outbreak that the Commercial Standby Generator Sets Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The prime factor that is contributing to the demand for commercial standby generator sets is the growing need for uninterrupted power supply across the globe.

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Commercial standby generator sets are back-up electrical systems that operate automatically in case of electrical outage. Having a reliable continuous power source, such as a utility supply, these are considered to be ideal for applications.

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Market Share Analysis

Based on the power rating type, the market is segmented as <75 kVA, 75-375 kVA, 375-750 kVA, and >750 kVA. The <75 kVA segment is expected to maintain its dominance over the forecast period, owing to the increasing dependency on digitization & information technologies among all businesses and industries.

Based on the application type, the market is segmented as telecom, healthcare, data centers, educational institutions, government centers, hospitality, retail sales, agriculture, and aquaculture. The telecom segment is estimated to remain the vanguard in the market over the forecast period, supported by technological development in telecommunication industry and rapid adoption in various businesses.

Based on the fuel type, the market is segmented as diesel, natural gas, and others. The diesel segment is likely to dominate the market during the forecast period, driven by robust distribution channel of diesel.

In terms of regions, Asia-Pacific is estimated to be the largest market for commercial standby generator sets during the forecast period. The growth of the region’s market is attributed to the rapid industrialization coupled with limited access to uninterrupted power supply. China and India are the growth engines of the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Key Players:

Key players operating in the global Commercial Standby Generator Sets market are-

  • Cummins
  • Kirloskar Oil Engines Limited
  • Briggs & Stratton
  • SDMO Industries
  • Generac
  • Yamaha Motor Pvt, Ltd.
  • Powerica Ltd.
  • Escorts Group
  • Himoinsa

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Commercial Standby Generator Sets analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

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