India Diesel Genset Rental Market to Witness Robust Growth through 2024
Unreliable power supply to
drive diesel genset rental market in India until 2024
According
to TechSci Research report, “India
Diesel Genset Rental Market By Ratings, By Verticals, By Region, By
Company, Competition, Forecast & Opportunities, 2024,” the India diesel genset rental market is forecast to grow at a robust CAGR during
2019-2024, owing to the rising construction activities on account of smart
cities and infrastructure development across various parts of the country.
Additionally, gensets are also used to provide back-up power across a widespread
range of application areas such as construction, residential and commercial
verticals. However, improving the power supply
situation in the residential sector is likely to hamper the growth of market
during forecast period. Additionally, growing adoption of solar energy and
other forms of renewable energy can further restrict the growth of market.
The India diesel genset rental market is segmented based on ratings,
verticals, region and company. Based on ratings, the market can be fragmented
into below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA and above 1000KVA.
Below 100KVA segment is expected to dominate the market attributable to the low
ownership cost, ease of availability, and higher usage across numerous
applications such as construction, telecom infrastructure, among others. Based
on verticals, the market can be categorized into power utilities, construction,
manufacturing and others. The construction segment dominates the market owing
to the increasing infrastructural spending and booming construction industry in
India.
Aggreko Energy Rental India Pvt.
Ltd., Perennial Technologies Pvt. Ltd., Tractors India Pvt. Ltd., Marco Gensets
Pvt. Ltd., Sudhir Power Ltd., Pioneer Power Service Pvt. Ltd., Cummins India
Limited, Kirloskar Oil Engines Limited (KOEL), Ashok Leyland Ltd., Kohler India
Corporation Pvt Ltd. and others are some of the leading players
operating in India Diesel Genset Rental market.
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“India
is one of the largest and fastest growing economies in the APAC region and is
expected to create huge opportunities for the diesel genset rental market over
the next fifth years. Additionally various ambitious initiatives taken by the
government of India such as the Smart Cities Mission, Make in India campaign,
Saubhagya Scheme as well as Housing for All 2022, among others are some of the
plans which will help in the expansion of power utilities and other verticals
in the country.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Diesel Genset Rental Market By Ratings, By
Verticals, By Region, By Company, Competition, Forecast & Opportunities,
2024” has
evaluated the future growth potential of India Diesel Genset Rental market and
provides statistics & 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. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India Diesel Genset Rental market.
Contact
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