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Generator Market Projected to Expand at a Stellar Value CAGR of 5.2%

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A new report by Fact.MR has slated that the global generator market will ride on an average 4.5% CAGR, in terms of volume, during the forecast period (2017-2026). In terms of value, sales of generator across the globe are poised to reach approximately US$ 39,000 Mn in revenues by 2026-end. Globally, generators are benefitting with escalating concerns regarding energy security, which in turn has led prospective generator end-users seek ways for operating more efficiently and safely. In emerging nations worldwide, regular power outages have hindered smooth business operations, and implementation of generators has become the key for these entities for functioning throughout a power outage. This has further enabled businesses to save on operating costs and energy. Additionally, surging voltage fluctuations & power cuts have been adversely affecting operations of industries, which in turn has prompted adoption of the reliable power backup equipment. For boosting their sales and a...