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The low and medium capacity gas generator market size is forecast to increase by USD 4.55 billion at a CAGR of 11.22% between 2023 and 2028. The market is witnessing significant growth due to the rising preference for gas generators over traditional diesel generators, driven by their environmental friendliness and cost-effectiveness. Another trend influencing market growth is the introduction of bi-fuel technology in generators, enabling them to run on both gas and diesel, thereby enhancing their versatility and efficiency. This growth is driven by several factors, including the increasing popularity of gas generators, the expansion of natural gas pipeline networks, and strict emission regulations for diesel engines. However, the market faces challenges due to the volatility in natural gas prices, which can impact the overall cost competitiveness of gas generators. Despite this, the market is expected to continue its growth trajectory, driven by the increasing demand for reliable and sustainable power solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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