Global Diesel Generator Market Analysis 2020
The global diesel generator market is anticipated of grow at a CAGR of 3.8% during 2020-25 due to the mushrooming industrialization and development of oil and gas industry it the emerging countries along with the continuous demand for power supply from the residential and commercial area and surging construction activity which would require the installation of diesel generator. For instance, India’s “Housing for All by 2022” project is projected to boost the construction activity in the country. Besides this, it is widely used across different industry such as manufacturing industry, hotel industry, hospitals, etc., to supply power during the power cut or during any natural calamity. Therefore, it is projected to boost the demand for a diesel generator in the forecasted period. For instance, Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), delivered two MGS (Mitsubishi Generator Series) diesel generator sets for backup emergency use at Intercontinental Sh...