Forecast: Sold Production of Generator Sets with Spark-Ignition Engines in Spain

The sold production of generator sets with spark-ignition engines in Spain saw notable fluctuations between 2013 and 2023. While 2023 registered a substantial 29.7% year-on-year growth, the journey has been turbulent with episodes of both expansion and contraction—most notably, a sharp decline in 2018 and significant growth spurts in 2021 and 2023. Over the past five years, the industry experienced an average annual growth rate (CAGR) of 13.8%. The current value for 2023 stands at 8.4642 million Euros, showing a resurgence following a period of instability.

Looking ahead, the forecast data suggests a robust growth trajectory with a projected 5-year CAGR of 10.7%, culminating in a nearly 67% increase by 2028. Key future trends to watch for include advancements in engine technology, shifts in energy policies favoring clean energy sources, and potential increases in market demand driven by economic growth and industrial expansion.