Powering Progress: Trends, Innovations, and Opportunities in the Global Generator Industry
The global generator industry is undergoing a transformative phase, fueled by the growing need for reliable and uninterrupted power supply across sectors. With the market valued at USD 24.11 billion in 2024 and projected to reach USD 32.98 billion by 2030 at a CAGR of 5.4%, the generator market is poised for robust growth. This surge is driven by rapid industrialization, expanding manufacturing sectors,...
Synchronous Generator Market: Trends, Opportunities and Competitive Analysis [2023-2028]
New Revenue Pockets:
The global synchronous generator market size is estimated to be USD 4.7 billion in 2023 and is projected to reach USD 5.9 billion by 2028, at a CAGR of 4.6% during the forecast period. Synchronous generators are essential in power plants for generating electricity on a large scale as they provide grid stability, high efficiency, voltage regulations and synchronization...