The oil and gas industry has witnessed a very challenging period over the past 3 years following the global financial crisis and it continues to face a very stagnant and difficult period.Due to the fall in oil prices, many projects have been cancelled. Over the past two years close to $380 billion worth of oil and gas projects have been cancelled and $170 billion of CAPEX spending cut between 2016 and 2020. The Global Genset Market was Worth $2.13 billion in 2015 and Expected to Decline at a CAGR of 1% to Reach $2.03 billion in 2020. Revenue forecasts, drivers and restraints, and pricing and technology trends are all evaluated to give a clear vision of the growth path of this market. The study also provides forecasts by geography, equipment and end-user. In particularly it analyses the growth drivers, competitive strategies, opportunities and challenges in the growing markets
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