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Generator Sales Market Estimated to reach US$ 37.0 Bn by 2026

Generator Sales Market - Snapshot Generator is a machine that converts mechanical energy into electrical energy. Two types of generators are available in the market: stationary and portable. These generators can be used in standby, prime and continuous, and peak shaving applications in various end-use sectors such as industrial, commercial, and residential. Increase in Demand for Electricity Power consumption has increased significantly across the globe, especially in Asia Pacific, over the last few years. Prevalence of Rental Market, Especially for Portable Generators The prevalent practice of renting generators is a major factor hampering the sale of generator sets. Rise in Adoption of Renewable Energy Increases Requirement of Backup Power Facilities such as Generator Sets Renewable energy is rapidly gaining traction across the globe. Expansion and Acquisition Activities in Generator Sales Market Asia Pacific Generator Sales Market to Expand at Rapid Pace

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