Global Multi-Fuel Generator Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Multi-Fuel Generator Market by Fuel type, Power Ratings, Application type, Generator type and End user: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Multi-Fuel Generator Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific dominates the Multi-Fuel Generator Market, and is expected to maintain this trend throughout the forecast period.
Generators are dependable source of back up and they are perfect when you need power when it is hardest to get it. Most of the generators across the globe run on the diesel and gasoline. Multi-fuel generators are able to run on the more than one fuel type. One of the biggest reasons behind the high demand from consumer for these generators is convenience. Multi fuel generators are advantageous when switching job sides is necessary.
Need of uninterrupted power supply in commercial and industrial sectors, is the major driving factor for this market. Increased in the price of the diesel and gasoline boosted the demand for multi fuel generator. Growing natural gas infrastructure across the globe will also push the demand for multi fuel generators.
Multi-fuel generator market is segmented on the basis of Fuel Type (Dual Fuel and Tri-Fuel), Power Ratings (Below 350Kva, 351kva to 1000kva and Above 1000Kva), Application Type (Standby Gensets, Continuous Gensets and Peak Shaving Gensets), Generator Type (Portable and Stationary) and End User (Residential, Commercial and Industrial).
Asia Pacific is expected to be the largest market for multi-fuel generators because of the increased demand for interrupted power supply in emerging economies such as India and China.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in global Multi-Fuel Generator Market and what are their strategies? • What segment and region will lead the market and why?
The major companies profiled in the report include: Generac Holdings Inc., Kohler Co., Powerland, Honda Power Products, Briggs & Stratton, Yamaha Motor Corporation, Cummins Inc., DuroMax, Pulsar Products and Champion Power Equipments.
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