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Japan’s Maritime Legacy Fuels Marine Genset Expansion
The Asia, Latin America & Middle East Marine Generator Set Market is expanding rapidly, driven by robust maritime activity. Growth is especially strong in China, whose genset installations grew from ~1,964 units in 2018 to ~2,223 units in 2020 Market momentum is fueled by rising domestic vessel power needs—AC, propulsion, galley systems—and a steady surge in ship construction...
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