India Gas Generator Market to be Dominated by Industrial Segment
Awareness regarding natural gas as a clean
fuel and concerns toward maintenance of diesel genset are the factors expected
to drive market growth during the forecast period.
According to TechSci Research report, India Gas Generator Market - By Region,
Competition Forecast & Opportunities, 2018-2028, the India Gas Generator Market is expected to register
robust growth during the forecast period, 2023-2028. A gas generator is usually
connected to the gas line to generate electricity. When the gas generator is
working properly, air and gasoline are injected into the carburetor. The
carburetor compresses and ignites the two, eventually spinning the rotor of the
machine and producing the electrical current that powers the equipment.
Hospitals, nursing homes, and other large facilities where continuous power
supply is critical, routinely use natural gas or diesel generators to replace
gasoline-powered generators. Gasoline has an expiration date and can be
difficult to obtain when you need it most, such as in an emergency. Propane
cylinders can also be in short supply in the event of a natural disaster.
Diesel generators are also known contributors to air pollution, so companies
looking for more sustainable options. In some states and regions, the cost of
natural gas may be relatively low. This is a prime example of where natural gas
generators shine. When the cost of natural gas is lower than that of diesel
fuel, this is a smart way for generator users to reduce fuel costs and ensure
backup generators can operate during unexpected power outages. This is also
useful when unexpected power outages occur due to winter storms.
Browse over XX market data Figures spread
through 70 Pages and an in-depth TOC on the "India Gas Generator Market"
The India Gas Generator
Market is segmented on the basis of type and end user. On the basis of glass
type, the market is further divided into Up to 75kVA, 76 kVA-350
kVA, 351kVA-750kVA, >750kVA. During the forecast period, the Up to 75kVA segment
in the grade type is expected to dominate the market in the forecast period of
2024-2028. Gas generators up to 75 kVA are mainly used as emergency power
sources in on-grid areas and as main power sources in off-grid areas such as
telecommunications sector, commercial establishments, small restaurants, small
industries, and petrol stations, etc. In developing countries such as India,
the demand for gas generators below 75kVA is expected to increase as the
situation of SMEs changes. Power outages are common in some parts of India, so
most homes and businesses prefer small portable and affordable generators. The
Indian construction market is on the rise as favorable government initiatives
such as smart cities and green building initiatives are expected to create
demand for gas generators and propel the market during the forecast period. Gas
production was 26.9 billion cubic meters in 2019 and the use of gas generators
is expected to increase significantly during the forecast period. Growth was also
driven by falling natural gas prices, pending housing projects, and government
investment in small industries.
On the
basis of end user, the market is further segmented
into industrial, domestic, commercial. During
the forecast period, the industrial segment
is expected to dominate the market during the forecast period of 2024-2028. The
industrial sector, including mining, manufacturing, agriculture and
construction, accounts for the largest share of energy consumption among all
end-use sectors and accounts for a large share of the Indian gas generator
market. In 2018, India generated 74.3 TWh of electricity from natural gas. Its
share is likely to increase significantly during the forecast period, driving
the demand for gas generators. Increased demand for continuous and reliable
power supply from these industries, especially healthcare facilities,
pharmaceutical industry and manufacturing facilities, is expected to boost the
demand for gas generators. India is expected to witness robust industrial
growth in the coming years owing to significant increase in investment in the
manufacturing sector, which should boost the demand for gas generators in the
industrial sector. Government initiatives to expand the industrial sector in
India are expected to boost the demand for gas generators during the forecast
period.
Key market players in the India Gas Generator Market: -
- Caterpillar India Private Limited
- Yanmar
Co. Ltd
- MTU
India Private Ltd.
- Cummins
India Limited
- Mahindra
Powerol Limited
- Prakash
Diesels Private Limited
- Green
Power International Pvt Ltd
- GGE
Genset Private Limited
- Wartsila
India Private Limited
- Green
Power International Pvt Ltd.
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
"Gas generators have
numerous applications where they have proven to be useful than other types of
generators. Reduction in emissions is one of the major advantages why gas
generators are preferred. Industrial segment is expected to dominate the market
as production of all essential and non-essential items require continuous power
supply," said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
India
Gas Generator market is
segmented into Type, End User. Based on Type, the market is segmented into Up to 75kVA, 76 kVA-350 kVA, 351kVA-750kVA, >750kVA. Based on End User, the market is
segmented into Industrial,
Domestic, Commercial. By Region, Competition Forecast & Opportunities, 2018-2028 has evaluated the future growth potential of India Gas Generator
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 Gas Generator Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com