DIESEL GENERATORS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024- 2031)
The diesel generators market faces several challenges. Environmental regulations globally are becoming more stringent due to rising pollution levels, restricting the use of diesel generators. The market is also impacted by fluctuating fuel prices as diesel generators are heavily dependent on diesel prices. Additionally, technological advancements in alternate energy resources like solar and wind energy are enabling reliable off-grid power solutions, increasing competition for diesel generators.
Market Opportunities: Growing demand from end-use industries
Demand remains strong from several end-use industries globally to combat power outages. Ongoing infrastructure development projects especially in emerging nations also catalyze the market growth. Adopting modular and mobile gen-sets along with the development of fuel-efficient and low-emission models can help tackle challenges while catering to demand.
Diesel Generators Market Report Snapshots
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