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Commercial Standby Generator Sets Market Analysis, Size, Regional Outlook, Competitive Strategies and Forecasts to 2030

Global commercial standby generator sets market is poised to grow substantially during 2019-2030 owing to the increasing frequency of power outages across the globe. The growing importance of emergency preparation solutions by the commercial sector is laying high impact on the adoption of these devices, giving a push to the market growth. As per a research report by Global Market Insights, Inc., commercial standby generator sets industry size is forecast to be pegged at USD 7 billion by the end of 2030.

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The worldwide commercial standby generator sets market trends are also influenced by the ongoing research and development initiatives that emphasize on reducing the environmental impact which these units would produce. In this regard, the world has been witnessing a large-scale adoption of diesel gensets.

The profound factors that have prompted these units to expand significantly in terms of sales include their ease of installation, need for minimal maintenance and low up-front cost. The demand for uninterrupted and reliable power and the proliferation of digitalization are likely to fuel the product demand in the upcoming years.

Elaborating further on the sustainable fuel segment, the natural gas and hybrid generator sets would also record phenomenal gains in the near future on the grounds of the stringent environmental regulations and emission policies.

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Furthermore, the implementation of stringent regulatory directives to limit the pollution levels would bolster the business landscape of commercial standby generator sets by 2030. The introduction of these directives is likely to lead to an accelerated shift of the commercial facilities towards more cleaner power sources such as the natural gas and dual fuel configurations.

Considering the application spectrum, the commercial standby generator sets are used extensively across the healthcare, data centers, and agriculture sectors where these can be used as an alternative energy source in case of emergencies. In this aspect, the <75 kVA genset units come into use.

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According to reliable sources, these units are expected to witness an upsurge in the demand ascribing to the mounting dependence of businesses on the digitization and IT along with the mounting demands for the UPS. The pervasiveness and severity of weather related disasters have as well potentially influenced the product deployment on a large scale. In line with this, the penetration of emission compliances and introduction of EU Stage V limits would catalyze the business growth over the foreseeable period.

The commercial standby generator sets industry is also predicted to amass hefty proceeds from the telecommunications sector perhaps attributing to the increasing capital investments.

Speaking in terms of the regional landscape, North America is said to stand tall in the regional hierarchy of the commercial standby gensets. It is prudent to mention that the region is estimated to depict a CAGR of 4 per cent through 2030. This growth can be aptly credited to the rising investments in the development and expansion of the data centers in tandem with the intensifying costs of the downtimes.

The regional market is also influenced by the expanding consumer cognizance pertaining to the environment stability and the introduction of robust and stringent emission tiers. Besides, the vast growth of data centers infrastructure, low diesel prices, and improving infrastructure investments would propel the North America commercial standby generator sets market over 2019-2030.

The prominent industry players across the global commercial standby generator sets market include Atlas Copco, John Deere, Mitsubishi, and Cummins.

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights Inc.

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