The diesel genset market is expected to grow at a CAGR of 6.5% from 2023 to 2030, reaching a value of USD 27.55 billion by 2030. This growth is being driven by the increasing demand for emergency and stationary power backup across a variety of end-use industries, including marine, oil and gas, manufacturing, healthcare, construction, telecom, and automotive.
One of the key factors driving the...
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