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Caterpillar Inc, Cummins Inc, Rolls-Royce plc, INNIO Jenbacher GmbH & Co OG, and Mitsubishi Heavy Industries Ltd –Prominent Market Participants in Large Generator Market
A generator is a machine that helps to supply electrical power during a power outage, thus helping to prevent discontinuity or disruption in any business operations. It comprises various components such as an engine, alternator, fuel system, voltage regulator, cooling and exhaust systems, and control panel. Also, large generators allow businesses to conduct their operations with minimal interruption during a power outage, thus not affecting the company's revenue. In addition, large generators provide energy for long distances without disrupting efficiency, which is essential for various industrial operations.
The growing demand for uninterrupted power supply in mining, oil & gas, manufacturing, and other industries is fueling the growth of the large generator market. These industries need a continuous supply of power to guarantee smooth operation of various devices and heavy machinery, further raising the demand for large generators. Further, the increasing demand for hybrid, bi-fuel, or dual fuel generators drives the growth of the large generator market, as these generators provide efficient power supply and are also cost-effective.
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Operation Technology Security Market Competitive Landscape, Research Methodology, Business Opportunities, Statistics and Industry Analysis Report by 2030
In the latest report from Emergen Research, the market research report discusses the global Operation Technology Security market in depth, and each of the major market segments is examined in depth. In addition to market information, the report provides industry statistics, regional market revenue shares, gross profits, production & distribution costs, and product portfolios related to the global Operation Technology Security market. There are also a number of factors influencing industry revenue growth identified in the report, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, stringent regulatory frameworks, as well as a multitude of other micro- and macro-economic factors. This report comprehensively analyzes the impact of the pandemic on the Operation Technology Security market and its major segments. Additionally, the report also includes an analysis of the current and future impact of the pandemic on market growth.
The size of the global Operation Technology security market was USD 14.25 billion in 2021, and it is anticipated to grow in value at a CAGR of 15.0% over the following five years. Market revenue growth is being driven by an increasing adoption of operation technology security services and solutions for reducing cybersecurity threats of internet-connected devices and systems. Monitoring and managing Critical Infrastructure (CI) of various industrial Internet of Things (IoT) connected automated devices is done using operational technology (OT) security solutions and software. The Federal Bureau of Investigation (FBI) estimates that 847,376 cyberattack instances with a loss of USD 18.7 billion were reported in 2021.
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