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Genset, a combination of an engine and an alternator, is used to convert mechanical energy into electrical operations. The engine converts the chemical energy of the fuel into mechanical energy, which is further used to rotate the alternator generating electricity. The major components of gensets include batteries, fuel tank, control panel, and automatic transfer switch. Genset, a cost- effective device with high efficiency and reliability, is used as a backup device to avoid sudden power failure in construction site, airport, and railways. Power failure in commercial centers can lead to closure of cash registers, IT equipment, and automatic doors. Gensets manufactured by companies, such as Caterpillar and Cummins, are widely used for commercial purpose.
COVID-19 scenario analysis:
Growing demand for uninterrupted power supply and hybrid diesel genset drives the growth of the market. There is rise in demand for electricity as well especially in rural region. This is also expected to fuel the demand for commercial genset. Further growth of the industrial sector is also leading to the rise in demand for commercial genset.
Key benefits of the report:
Commercial Gensets Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Kohler Power Group, Mitsubishi Heavy Industries, Hero Honda Motor Co., Sterling Generators Pvt. Ltd., Ashok Leyland, Yamaha Motor Pvt. Ltd., Caterpillar, Himoinsa S.L., Powerica Ltd., Kirloskar Oil Engines Ltd., C&S Electric, Generac, Cummins, Paramac, Ingersoll—Rand PLC, Copco, Briggs & Stratton, Escorts Group |
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