Generator Sets Market Analysis: Challenges, Growth Factors, and Future Outlook

According to the study by Next Move Strategy Consulting, the global Generator Sets Market size is predicted to reach USD 38.10 billion with a CAGR of 7.1% till 2030.

The increasing demand for emergency backup power solutions in remote areas with no or inadequate power supply is driving the generator sets market.

Asia-Pacific holds the lion's share of generator sets market and is expected to continue its dominance during the forecast period. 

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