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Share this article Share this article NEW YORK, May 24, 2021 /PRNewswire/ As per a study by Fact MR, the global large generators market is foresighted to grow at 5% CAGR over the forecast period 2021 to 2031. According to the study, large generators play a vital role in providing power for mining equipment in remote areas. Quick start technology and improved fuel efficiency of large generators make them popular in mining industry. Surging demand of large generators in telecommunication industry is driven by its high power production capabilities and free from electric grid features. According to a study by Fact MR, 2020 was not a favorable year for large generator market. A decline in demand of generators was experienced in North America due to COVID-19 pandemic. Large generator market slumped by 6.9% CAGR in 2020 due to closure of trading routes, lockdown restrictions and stoppage of transportation. A slow recovery can be expected from 2021 with relaxation in lockdown and re

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