Global Dual Fuel Generator Market (Business Opportunities - Advertising Service)

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Global Dual Fuel Generator Market

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Global dual fuel generator market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 4% during the forecast period.

Global Dual Fuel Generator Market

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report, and the same is reflected in our analysis.

Market Definition

Dual-fuel generators are also called hybrid fuel generators. This generator has the capability to run on two or multiple types of fuel at the same time, generally propane and gasoline or sometimes natural gas. This generator offers more flexibility in operational costs, storage run and time.

Market Dynamics

A growing demand for reliable and continuous power supply across various industries such as construction sites, residential, hospital, industrial and many others is the major driving factor behind the growth of the market. A rising adoption of dual fuel generators by contractors who are working in remote job sites and increasing demand for dual fuel generators from healthcare industry are expected to improve growth of the market during the forecast period. Dual fuel generators provide some potential benefits such as ability to use the most suitable fuel as per users circumstances, dependability and reliability, simple switching between fuels, durability and effectiveness, which are ultimately propelling the growth of the market.
However, the major downside of a dual fuel generator is the reality that they tend to be bulkier than any other traditional generators, which could hamper the growth of the market.

Global Dual Fuel Generator Market: Segmentation Analysis

By application, industrial segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. Increasing demand for portable generators for various industrial applications owing to the requirement for high power supply to run industrial machines and tools is attributed to the growth of the market. Alternatively, commercial and domestic segments are projected to witness fast growth at a CAGR of X% during the forecast period. A rising demand of dual fuel generators in healthcare facilities for continuous power supply during power failure, especially in the applications such as life support machines is impelling the growth of the market.

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Target State: All States
Target City : pune
Last Update : Sep 12, 2020
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Item  Owner  : chetana
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2020-11-29 (0.072 sec)