Indonesia to Continue its Dominance in APAC Medium Speed Large Generators Market through 2023
Increasing number of modular power plants, rising investments in industrial sector and growing power & petrochemical sector to fuel Asia-Pacific medium speed large generators market through 2023.
According to TechSci Research report, “Asia-Pacific Medium Speed Large Generators Market By
Application, By Country, Competition Forecast & Opportunities, 2013-2023’’, Asia-Pacific
medium speed large generators market is projected to grow at a CAGR of over 15%
until 2023. Growth in the
market is expected to be driven by increasing demand for electricity in the
region’s industrial sector, high voltage & frequency fluctuations and growing
number of highway construction and smart city projects across the region.
Moreover, low electrification ratio, increasing investments in nuclear energy and
presence of low-cost manufacturing
facilities are anticipated to aid growth in the medium speed
large generators market in Asia-Pacific
during forecast period.
Browse 14 market data
Tables and 82 Figures spread through 118 Pages and an in-depth TOC on"Asia-Pacific Medium
Speed Large Generators Market"
https://www.techsciresearch.com/report/asia-pacific-medium-speed-large-generators-market/3389.html
In 2017, Indonesia
dominated the region’s medium speed large generators market, and the
country is anticipated to maintain its market dominance in the coming years as
well, owing to growing
number of retail construction projects and prevalence of power fluctuation across
the country. Power generation accounts for the largest share in medium speed large generators market in Asia-Pacific, backed by increasing
electricity consumption and power fluctuations across the region.
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“Increasing population, growing GDP, expanding power & petrochemical
sector and favorable regulatory policies are expected to have a positive impact
on the medium speed large generators market in Asia-Pacific in the ensuing
years. Moreover, technological transfer and associations with international players
in the field of medium speed large generators are likely to further fuel the region’s medium speed large generators market over
the course of next five years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Asia-Pacific Medium Speed Large Generators Market By Application, By Country,
Competition Forecast & Opportunities, 2013 - 2023” has
evaluated the future growth potential of Asia-Pacific medium speed large
generators market and provides statistics and information on market size,
structure and trends. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the market.
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