Generator Sets Market Trends

The rollout of the 5G spectrum along with a growing subscriber base has resulted in significant investments in the telecom sector thereby enhancing the business environment. The introduction of new public-private partnership models to encourage the involvement of private capital will further boost the product penetration. The ongoing upgrade of existing transmission and distribution networks along with a rising population will drive the business dynamics. Furthermore, the extensive use of these units for temporary power plants, emergency power, reliable backup, and cost-effective primary power sources will enhance the industry potential.