Diesel Genset Market to be Driven by Surge in Concerns for Power Outages; Market to Grow with a CAGR of 6.50% During 2021-2030
Research Nester has released a report titled “ Diesel Genset Market : Globa l Demand Analysis & Opportunity Outlook 2030 ” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market. Power outages in firms worldwide grew from 2.42 numbers in the year 2019 to 6.19 numbers in the year 2020, according to the statistics by the World Bank. The statistics portray the growing concerns for the rising power outages in industries worldwide. As business organizations are highly dependent on electricity to continue with their production processes, power outage can significantly hamper their profitability. Owing to such a factor, there is a growing demand for standby power backup sources, such as diesel generator sets, which in turn is anticipated to d...