The global large generators market is poised to expand at a CAGR of around 5% over the next ten years, with diesel generators remaining most sought-after. Use of large generators in power plants has also be rising across some regions.
The market is anticipated to create enormous incremental opportunities across developed as well as emerging economies, owing to increasing number of industries across the globe. In the case of large generators, engine, output power, and fuel system plays a key role.
These large generators have gained huge traction across the globe over the last few years, owing to their increasing efficiency and quick starting feature.
Proliferation of engines and other components has ushered the market into a new phase of business models, intense competition among local and global players, and increasing homogenous products.
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Key Takeaways
Prominent Drivers
Key Restraints
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Competitive Landscape
The main area of focus among the market players is forming alliance with regional distribution partners to consolidate their supply chain. They are also participating in strategic merger and acquisition for new product development. The use of organic and inorganic techniques to increase market penetration is prevalent among the leading market players.
Key Companies Profiled
Key Market Segments Covered
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Key Questions Covered in the Report
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