Market research Future Genset Market Reviewed with 2022 Opportunities. | Page 2

Global Genset Market Research Report- Forecast to 2022
1 Summary
The global genset market is a very dynamic market and is expected to witness high growth over the forecast
period. The increased application of generator sets across various sectors is majorly influenced by the
growing demand for uninterrupted & reliable power supply. Also, the increasing number of power outages
and power failure in the developing and underdeveloped countries across the world is creating a huge
demand for power backup devices, which is catered through generator sets. As per the study conducted by
Market Research Future, the global market for generator sets is likely to grow at the CAGR of around
5.5%.
Key Players:
Some of the key players In the Genset market are MTU Onsite Energy (Germany), Caterpillar Inc. (U.S.),
Himoinsa S.L. (Spain), Mitsubishi Heavy Industries, Ltd. (France), MTU Onsite Energy (Germany) among
others.
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