Global Generator Sales to hit $34bn

The industry is extensively driven by the rapidly expanding global population and urbanization worldwide. Strengthening need for self-generating power to combat chronic power shortages will further boost the product penetration. The U.S. market is set to witness a growth of over 4% by 2024. Rapid recurrences of natural adversities resulting in prolonged power outages has entailed an extensive installation of gensets. In September 2017, Hurricane Maria, a Category 4 storm vandalized nearly 80 percent of Puerto Rico power transmission lines. The storm led to the longest outage in the U.S. history leaving more than 1.57 million electricity customers without power. Source / Further information : oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook We track oil, gas and energy related content from thousands of energy producers and resellers in every country. The aim of the site is to help keep you updated on industry news, discoveries and technological advancement. Users of the site can search for oil, gas and energy related content in different countries and see individual company news and latest oil and gas prices. Disclaimer Most News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles OilAndGasPress welcomes all viewpoints. Should you wish to provide a different perspective on the above article, please email us ]]>