Diesel Genset Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies
According to the World Bank, 47% of the people in Nigeria do not have access to grid electricity and those with access have to face frequent power cuts. The organization also states that 178 million people in India did not have access to grid electricity in 2017. Weak power infrastructure in countries, such as India and Nigeria, characterized by considerable power transmission losses and massive base power deficit, will create a huge requirement for alternative power sources, such as diesel gensets.
Besides, the increasing construction of data centers, on account of hyperscale generation and consumption of data, will help the diesel genset market demonstrate a CAGR of 6.0% between 2020–2030. According to P&S Intelligence, the market revenue will grow from $13,773.0 million in 2019 to $21,929.9 million by 2030. Data centers serve as supportive infrastructure to collect and analyze data and offer related services. In the coming years, increasing advancements in autonomous vehicles and intelligent personal assistants and surging application of the internet of things (IoT) will result in the largescale construction of data centers.
Browse detailed report - https://www.psmarketresearch.com/market-analysis/diesel-genset-market
In the coming years, the North American region will emerge as a significant user of diesel gensets due to the frequent occurrence of power outages, owing to extreme weather conditions such as hurricanes. Moreover, the ongoing infrastructure development in suburban regions of Canada and the U.S., on account of the booming population, flourishing construction sector, and lowering mortgage rates will also facilitate the deployment of diesel gensets in the region. Additionally, the rising number of commercial and housing projects will also result in the largescale installation of such power sources in North America.
Therefore, the increasing uncertainties in grid electricity and the soaring number of data centers will lead to the widescale adoption of diesel gensets, globally.
According to the World Bank, 47% of the people in Nigeria do not have access to grid electricity and those with access have to face frequent power cuts. The organization also states that 178 million people in India did not have access to grid electricity in 2017. Weak power infrastructure in countries, such as India and Nigeria, characterized by considerable power transmission losses and massive base power deficit, will create a huge requirement for alternative power sources, such as diesel gensets.
Besides, the increasing construction of data centers, on account of hyperscale generation and consumption of data, will help the diesel genset market demonstrate a CAGR of 6.0% between 2020–2030. According to P&S Intelligence, the market revenue will grow from $13,773.0 million in 2019 to $21,929.9 million by 2030. Data centers serve as supportive infrastructure to collect and analyze data and offer related services. In the coming years, increasing advancements in autonomous vehicles and intelligent personal assistants and surging application of the internet of things (IoT) will result in the largescale construction of data centers.
Browse detailed report - https://www.psmarketresearch.com/market-analysis/diesel-genset-market
In the coming years, the North American region will emerge as a significant user of diesel gensets due to the frequent occurrence of power outages, owing to extreme weather conditions such as hurricanes. Moreover, the ongoing infrastructure development in suburban regions of Canada and the U.S., on account of the booming population, flourishing construction sector, and lowering mortgage rates will also facilitate the deployment of diesel gensets in the region. Additionally, the rising number of commercial and housing projects will also result in the largescale installation of such power sources in North America.
Therefore, the increasing uncertainties in grid electricity and the soaring number of data centers will lead to the widescale adoption of diesel gensets, globally.
Diesel Genset Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies
According to the World Bank, 47% of the people in Nigeria do not have access to grid electricity and those with access have to face frequent power cuts. The organization also states that 178 million people in India did not have access to grid electricity in 2017. Weak power infrastructure in countries, such as India and Nigeria, characterized by considerable power transmission losses and massive base power deficit, will create a huge requirement for alternative power sources, such as diesel gensets.
Besides, the increasing construction of data centers, on account of hyperscale generation and consumption of data, will help the diesel genset market demonstrate a CAGR of 6.0% between 2020–2030. According to P&S Intelligence, the market revenue will grow from $13,773.0 million in 2019 to $21,929.9 million by 2030. Data centers serve as supportive infrastructure to collect and analyze data and offer related services. In the coming years, increasing advancements in autonomous vehicles and intelligent personal assistants and surging application of the internet of things (IoT) will result in the largescale construction of data centers.
Browse detailed report - https://www.psmarketresearch.com/market-analysis/diesel-genset-market
In the coming years, the North American region will emerge as a significant user of diesel gensets due to the frequent occurrence of power outages, owing to extreme weather conditions such as hurricanes. Moreover, the ongoing infrastructure development in suburban regions of Canada and the U.S., on account of the booming population, flourishing construction sector, and lowering mortgage rates will also facilitate the deployment of diesel gensets in the region. Additionally, the rising number of commercial and housing projects will also result in the largescale installation of such power sources in North America.
Therefore, the increasing uncertainties in grid electricity and the soaring number of data centers will lead to the widescale adoption of diesel gensets, globally.
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