Rising
demand for power backup and increasing investments in infrastructure and
construction projects to boost India diesel gensets market through 2024
According to TechSci Research report “India
Diesel Gensets Market By Rating, By End User, Competition Forecast &
Opportunities, 2013 – 2024”, diesel gensets
market in India is forecast to reach $ 1.53 billion by 2024. Growing demand for
backup power from manufacturing, residential and commercial sectors, in
addition to rising construction activities due to increasing number of
government-sponsored projects such as AMRUT, 100 smart cities, freight
corridors and national highways are expected to be the primary market drivers
in the coming years. India’s electricity consumption registered a year-on-year
growth of 5.55% in 2016, while its construction sector is expected to reach $
1,000 billion by 2025 and emerge as the third largest construction market
across the globe. All these factors are expected to positively affect the
diesel gensets market in the country in the coming years.
Browse 25 market data
Tables and 36 Figures spread through 131
Pages and an in-depth TOC on
“India Diesel Gensets
Market" https://www.techsciresearch.com/report/india-diesel-gensets-market/2711.html
As of 2018, diesel gensets market in India was majorly dominated by low and
medium voltage diesel gensets, owing to ease of availability, low cost and
increasing adoption of these gensets in a wide range of applications across the
country. Manufacturing sector accounts for the
largest market share, on account of increasing demand for uninterrupted power
supply from various manufacturing facilities such as automobile, auto
components, among others. Major companies operating in India diesel gensets
market are Cummins India Limited, Kirloskar Oil Engines Limited, Mahindra
Powerol Limited, Caterpillar India Limited, Ashok Leyland Limited, Greaves
Cotton Limited, etc.
Customers can also request for 10% free customization on this report.
“Introduction of GST (Goods
& Services Tax) is aiding the organized players to increase their market
share in low rating diesel gensets market. Growing infrastructure, rising
urbanization and increasing research and development activities by
manufacturers to come up with technologically advanced and efficient diesel
gensets is positively impacting the diesel gensets market in the Indian market.
Moreover, with increasing environmental concerns, consumer inclination towards biodiesel
gensets and Hybrid Renewable Energy Systems is also anticipated to grow in the
coming years, which in turn would boost genset sales in the country over the
next five years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global energy management
consulting firm.
“India Diesel
Gensets Market By Rating, By End User, Competition Forecast &
Opportunities, 2013 – 2024” has evaluated the future growth potential of India
diesel gensets market and provides statistics and information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Moreover,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India diesel gensets market.
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