According to the research report titled ‘Europe Commercial Genset Market Size By End-Use, By Power Rating, By Fuel, By Application, Country Outlook, Research Report, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027’, available with Market Study Report, Europe commercial genset market is projected to register an appreciable CAGR over 2021-2027.
 

As per the findings of the research literature, increasing frequency of power outages and power cuts due to natural disasters and changing weather conditions, along with rising public and private investments in commercial organizations are promoting Europe commercial genset market growth.
 

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Further, growing consumer awareness regarding power backup solutions and subsequent surge in the demand for sustainable electricity backup technologies are adding substantial traction to the industry growth. Besides, increasing government efforts to promote adoption of clean energy and minimize fossil fuel dependence, rise in the number of smart city projects, and upgradation of aging power grid are amplifying the industry remuneration scope.
 

Based on fuel type, the market is split into gas, diesel, and hybrid. Among these, gas segment is likely to record strong demand in the upcoming years, creditable to implementation of stringent emission laws that favor utilization of clean fuel technologies. Moreover, extended product lifespan and reduced energy costs are the key benefits favoring adoption of gas-fueled commercial gensets.
 

Considering the end-user spectrum, Europe commercial genset market is fragmented into telecom, data centers, healthcare, educational institutions, hospitality, retail sales, government centers, aquaculture, architecture, and others. Experts state that rapid urbanization in conjunction with rising digitalization are promulgating the demand, particularly in the IT sector.
 

On the geographical front, Italy, France, Germany, United Kingdom, and Russia are the major avenues for the overall market growth. Among these, Italy industry size is slated to expand at robust pace over the forecast duration, attributable to spike in the number of mega commercial projects, along with high demand from supermarkets, hypermarkets, hotels, and restaurants in the country.
 

Speaking of the competitive landscape, Huu Toan, Siemens AG, Wartsila Oyj Abp, Mitsubishi Power Ltd., Ingersoll Rand, Caterpillar Inc., Himoinsa S.L., Powerica, Yamaha Motor Co. Ltd., Generac Holdings Inc., Kohler SDMO, and Briggs & Stratton Corp. are the top contenders in Europe commercial genset market sphere.