Diesel Gensets Market in India to Surpass $ 1.2 Billion by 2022
Rising demand for power backup and
increasing investments in infrastructure and construction projects to boost
India diesel gensets market during forecast period
According to
a recently published TechSci Research report “India
Diesel Gensets Market By Rating, By End User, Competition Forecast and
Opportunities, 2012-2022”,
diesel
gensets market in India is forecast to reach $ 1.24 billion by 2022. Diesel gensets can be used as
a prime source of power in remote locations where there is no access to grid
for the supply of electricity. Also, diesel gensets provide continuous
electricity supply in diverse commercial sectors such as IT/ITeS, mining or
quarrying, oil and gas, etc. in cases when electricity grid is limited or
unavailable.
Browse 33 market
data Tables and 43 Figures spread through 178 Pages and an in-depth TOC on "India Diesel
Gensets Market, 2022"
https://www.techsciresearch.com/report/india-diesel-gensets-market/1443.html
India’s energy
consumption increased by 8% in 2015 and by 5.2% in 2016. Growing
infrastructure, rising urbanization, inadequate transmission & distribution
infrastructure and lack of quality power supply in the country are among the
major factors boosting diesel gensets market in India. In India, electricity distribution
pattern is uneven due to longer distances between power sources and end users.
Moreover, power gridlines are not inter-linked and often result in inadequate
power supply. By 2025, India’s construction sector is expected to reach $ 1,000
billion, and become the third largest construction market across the globe. With
anticipated increase in construction activities across the country, the demand
for diesel gensets is expected to rise in near future.
As of 2016, 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. Few
major companies operating in India diesel gensets market include Cummins India Limited,
Kirloskar Oil Engines Limited, Mahindra Powerol Limited, Caterpillar India Limited,
Ashok Leyland Limited, Greaves Cotton Limited and Others.
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“Increasing power outages and
load shedding propels the demand for diesel gensets in India. Moreover, growing
infrastructure and rising urbanization adds to the demand. The deployment of
diesel gensets as an instantaneous power supply source is expected to grow in
India over the next five years. Demand for diesel gensets is expected to
continue growing across residential as well as commericial end-user sectors
through 2022.” 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 and Opportunities,
2012-2022”
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 evaluation. 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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