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The increasing popularity of gas generators in the industrial sector, such as manufacturing, in the emerging economies, is driving the global industrial gas generator market growth. The market is one of the significant contributors to the overall gas generator market, and is projected to post a CAGR of close to 8% during the forecast period. Although the market declined during the global recession of 2008-2009, there has been a remarkable progress since then, due to the recovery of the global economy.
In the industrial sector, the need for an uninterrupted power supply during power outage caused by natural calamities or faults in electric networks has boosted the industrial gas generator demand. For instance, natural disasters that occurred in the US and Japan in the last four years left many industrial end-users without electricity supply for several days, causing inconvenience and loss of revenue.
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