Kirloskar Oil Engines and Mahindra Powerol Continue to Lead India Low & Medium Rating Diesel Genset Market
Booming manufacturing and retail sectors, increasing
technology transfer and associations with international players, and government
initiatives such as Smart City Mission, AMRUT and Namami Gange to drive India
low & medium rating diesel genset market through 2024
According to TechSci Research report, “India Low & Medium Rating
Diesel Genset Market By End User, By Customer Sub-Segment, By State,
By kVA Rating, By Engine Supplier, Competition Forecast & Opportunities,
2013 - 2024’’, India
low & medium rating diesel genset market is projected to surpass $ 740
million by 2024, on account of growing commercial sector,
implementation of stringent pollution norms and growing number of
scheduled/unscheduled power cuts in
the country.
Moreover, lower
capital cost and easy availability in comparison to gas gensets is further likely to steer growth in India low & medium rating diesel genset market
during the forecast period. Kirloskar Oil Engines and Mahindra
Powerol held largest
individual shares in the country’s low & medium rating diesel genset market
in 2017, owing to higher brand awareness, strong channel partners and comparatively
better technology being offered by both the players.
Browse 18 market data
Tables and 48 Figures spread through 118 Pages and an in-depth TOC on "India Low &
Medium Rating Diesel Genset Market"
https://www.techsciresearch.com/report/india-low-medium-rating-diesel-genset-market/3713.html
Low
rating diesel gensets dominate India low & medium rating diesel
genset market,
as they majorly cater to commercial and residential sectors. Commercial
sector accounted for the largest end user share in terms of value in 2017,
owing to large demand from telecom and retail sectors. Maharashtra, Uttar
Pradesh, Gujarat and Karnataka are the largest demand generating states for low
& medium rating diesel gensets in India, on account of growing
industrialization and commercialization in these states. Several smart cities
along with industrial projects, high-rise buildings and commercial centers are
being developed in the states.
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“As of 2017, Maharashtra had the highest GSDP at
current prices, accounted for around 15% of the country’s GDP. As of December
2017, Maharashtra and Gujarat cumulatively accounted for around 35% of the
total real estate investments in India. As a result, these two states are
expected to keep generating huge demand for low & medium rating diesel
gensets in the coming years. Moreover, growing demand for hybrid renewable
energy systems and increasing focus on prompt operations and maintenance
services are expected to positively influence
the country’s low & medium rating diesel genset market during the forecast period.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Low & Medium Rating Diesel Genset Market By End User, By
Customer Sub-Segment, By State, By kVA Rating, By Engine Supplier, Competition
Forecast & Opportunities, 2013 - 2024” has evaluated
the future growth potential of India low & medium rating diesel genset 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. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India
low & medium rating diesel genset market.
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