In 2023, the actual production value of generator sets with spark-ignition internal combustion piston engines in the UK was not provided. For 2024, forecasts suggest a production value of €80.892 million, representing a steady growth trajectory. The projected year-on-year increase is approximately 4% through 2028, reaching €93.563 million. Over the span from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to reflect a strong market trend, indicating a consistent demand for these energy solutions due to their role in backup and emergency power amidst increasing reliance on electrical systems.
Future trends to watch for include:
- Technological advancements improving efficiency and emissions.
- Increased adoption of hybrid and renewable integration.
- Potential regulatory impacts affecting engine standards and usage.
- Economic factors influencing industrial and commercial electrification.
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