Black Start Generator Market Increasing at A Phenomenal Pace to Reach more than USD 2.22 Billion by 2028

23-Nov-2021 | Zion Market Research

Major companies in Black Start Generator Market are GE, Caterpillar Inc., Cummins Inc. Mitsubishi Heavy Industries Ltd., MTU Onsite Energy, Kohler Company, Wartsila Corporation, Aggreko PLC, Gensal Energy and Mpower.

According to analysts at Zion Market Research, the Global Black Start Generator Market accounted for more than USD 1.20 Billion in 2020 and is expected to reach more than USD 2.22 Billion by 2028, growing at a CAGR of more than 4.2% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Black Start Generator Market By Type (Gas, Diesel, Hybrid and Others), By Power Ratings (Below 1000 kW, 1000 kW–2000 kW, 2000 kW–3000 kW and Above 3000 kW), By Industry (Oil and Gas, Manufacturing, Power and Others) and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Global Black Start Generator Market Size

Increasing Foreign Investment in Power Plant Generation to Spur Growth

The major factor driving the Global Black Start Generator Market is the increasing foreign investment in power plant generation infrastructure and tremendous growth of the manufacturing sector. The new industrial favourable policies set up by the government help escalate the global market growth. The growing population high electricity demand, rising urbanization, and industrialization help fuel the growth of the global market. The black start generator’s low running cost, quick response, easy fuel sourcing, and longer life are also some of the other factors that majorly influence the growth of the global market. The increasing power plant retirement rates boost the Global Black Start Generator Market. The rising power generation plants such as thermal and nuclear power plants in the various regions propel the global market growth. The low power distribution infrastructure and certain stringent government regulatory policies are the factors that hinder the growth of the Global Black Start Generator Market.

Rising Construction of Thermal Power Plants in The Region Support Asia Pacific Dominance

Asia-Pacific region is expected to witness the highest growth in the Global Black Start Generator Market due to the rising construction of the thermal power plants. The markets in the emerging regions such as India, China, Saudi Arabia, and Indonesia are expected grow mainly due to the rising infrastructure, high electricity demands, new industrial policies, high foreign investments, escalating urbanization, and industrialization. The black start generator product demands, distribution network, and high infrastructure or project investments help the market in the U.S., the U.K., Germany, and Canada grow.

Browse the full Black Start Generator Market By Type (Gas, Diesel, Hybrid and Others), By Power Ratings (Below 1000 kW, 1000 kW–2000 kW, 2000 kW–3000 kW and Above 3000 kW), By Industry (Oil and Gas, Manufacturing, Power and Others) and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/black-start-generator-market

The Global Black Start Generator Market is segmented as follows:

By Type

  • Gas
  • Diesel
  • Hybrid
  • Others

By Power Ratings

  • Below 1000 kW
  • 1000 kW–2000 kW
  • 2000 kW–3000 kW
  • Above 3000 kW

By Industry

  • Oil and Gas
  • Manufacturing
  • Power
  1. Nuclear
  2. Hydro
  3. Thermal

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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