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Growing consumer awareness of energy efficient and environmentally friendly solution along with the shift toward renewable energy systems will proliferate the industry outlook. Rising focus on energy security & resilience in tandem with robust adoption of energy efficient sources will stimulate the industry potential. Moreover, ongoing incorporation of remote monitoring capabilities in generators sets in line with expansion and development of residential infrastructure will foster the business scenario. Increasing disposable income levels particularly in developed regions enable homeowners to invest in high-quality backup power solutions, which in turn will energize the industry growth.