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Description
Stationary Generator Market size was valued at USD 21.0 billion in 2021 and is expected to reach USD 32.1 billion by 2028, at a CAGR of 6.3% during the forecast period 2022 to 2028. Owing to growing demand for power due to rising focus on the economic development and automation. There is a great need to alleviate power disruptions, which enhances the demand for the stationary generator. Furthermore, advancements in technology is expected to create very positive impact on the market. Advancements in dual-fuel and tri-fuel systems and rising per capita electric power consumption are anticipated to drive the growth of the market. However, the availability of alternate systems of power generation and backup, rising adoption towards renewable sources to generate power coupled with increasing number of rental generators are projected to restrain the growth of the market. This report studies global stationary generator market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global stationary generator market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
