Heavy Industry
Global Dual Fuel Generator Market 2023-2027
Global Dual Fuel Generator Market 2023-2027
Global Dual Fuel Generator Market 2023-2027
The dual fuel generator market is forecasted to grow by USD 204.67 million during 2022-2027, accelerating at a CAGR of 4.46% during the forecast period. The report on the dual fuel generator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high benefits of dual fuel generators, unreliable power grid infrastructure, and fluctuations in prices of crude oil.
Technavio's dual fuel generator market is segmented as below:
By Fuel TypeGasolineliquid propaneNatural gasliquid propaneBy End-userIndustrialCommercialResidentialBy Geographical LandscapeAPACNorth AmericaEuropeSouth AmericaMiddle East and AfricaThis study identifies the growth of microgrid networks as one of the prime reasons driving the dual fuel generator market growth during the next few years. Also, technological advances in dual fuel generator sets and increasing number of smart grid projects will lead to sizable demand in the market.
The report on the dual fuel generator market covers the following areas:Dual fuel generator market sizingDual fuel generator market forecastDual fuel generator market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading dual fuel generator market vendors that include All Power America, Briggs and Stratton LLC, Brookfield Business Partners LP, Caterpillar Inc., Champion Power Equipment Inc., Cummins Inc., DuroMax Power Equipment, Electrogene Ltd., Generac Holdings Inc., Island Generator Co., Jiangsu SUMEC Group Co. Ltd., Kohler Co., MAN Energy Solutions SE, North tool and Equipment, Pulsar Products Inc., Qianjiang Group, Shandong Heavy Industry Group Co. Ltd., Sportsman Series, Tillotson Ltd., and WEN Products. Also, the dual fuel generator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.