The Global Generator Engine Market is estimated to grow at a CAGR of around 3.8% during the forecast period, i.e., 2024-30                                              

Global Generator Engine Market Driver:

Proliferation of Data Centers to Thrive the Industry Growth – Medium-Scale & Large-Scale business enterprises generate a high amount of data. Therefore, to store & manage this huge information, enterprises require cloud-based technologies and data centers. The servers in the data centers need constant electricity. Therefore, the rising establishment of the data center is uplifting the demand for backup power solutions. Further, organizations across the globe are actively embracing cloud computing to leverage its scalability, flexibility, and cost-efficiency. As a result, pivotal cloud service providers are focusing on extending their data center infrastructure within the region to meet the growing demand for cloud services. This is leading to the increasing adoption of generators to ensure an uninterrupted power supply to keep the data centers running.

Moreover, the ongoing digital transformation in government & public offices across the world has notably contributed to the need for localized data centers to maintain the privacy of government data. This has led to the expansion of companies like Microsoft, Oracle, etc., to set up data centers to cater to the cloud service needs of the government & enterprises. Thus, growing digital transformation across the globe would notably boost the generator demand worldwide for power backup, thereby driving the growth of the Global Generator Engine Market.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Generator Engine Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Fuel Type
• Diesel- Market Size & Forecast 2019-2030F, Thousand Units
• Natural Gas- Market Size & Forecast 2019-2030F, Thousand Units
• By Power Rating
• Up to 50kVA- Market Size & Forecast 2019-2030F, Thousand Units
• 51kVA- 500kVA- Market Size & Forecast 2019-2030F, Thousand Units
• 501kVA- 1250 kVA- Market Size & Forecast 2019-2030F, Thousand Units
• 1251kVA -2000kVA- Market Size & Forecast 2019-2030F, Thousand Units
• 2001kVA- 3000kVA- Market Size & Forecast 2019-2030F, Thousand Units
• Above 3000kVA- Market Size & Forecast 2019-2030F, Thousand Units         
• By End User
• Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2019-2030F, Thousand Units
• Aftermarket- Market Size & Forecast 2019-2030F, Thousand Units
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   ADE Power Ltd., General Power Limited, Inc., Cummins, Inc., Caterpillar Inc., Generac Power Systems, Inc., Deutz AG, Rolls-Royce Plc, Yanmar Holdings Co. Ltd., Perkins Engine Company Limited, Motorenfabrik Hatz GmbH & Co. KG, Briggs & Stratton, AB Volvo Penta, Marelli Motors, Mitsubishi Heavy Industries, Ltd, and Others

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