BURNABY, British Columbia, July 2, 2014 /PRNewswire/ --
Growth in end-user industries such as telecom, hospitality, healthcare, MSMEs, manufacturing, mining and real estate to propel diesel genset demand in India
According to a recently published comprehensive market research report on India's diesel genset market by TechSci Research, "India Diesel Genset Market Forecast & Opportunities, 2019", the country's diesel genset market revenues are projected to cross US$ 2 Billion in 2014. Over the last decade, India has witnessed robust growth in infrastructure development as well as manufacturing, telecom and hospitality sectors, which has been augmenting diesel generator sales in the country. Presently, few of the leading manufacturers with strong pan-India distribution network include Cummins, Kirloskar, Greaves Cotton and Mahindra Powerol. However, the domestic players are facing strong competition from low cost diesel gensets being imported from countries like China.
In India, diesel gensets are widely used for power backup on account of high power outages, higher reliability, rapid response time, fuel availability and high load carrying capacity. Based on their power ratings, diesel gensets can be categorized into four broad categories namely Low (5 kVA - 75 kVA), Medium (75.1 kVA - 350 kVA), High (350.1 kVA - 750 kVA), and Very High (750.1 kVA - 3000 kVA). In India, low and medium power rating diesel gensets account for majority of the market share and major application areas for diesel gensets include telecom, hospitality, healthcare, Micro Small & Medium Enterprises (MSMEs), manufacturing industries, mining, power plants, real estate and agriculture sector.
"Frequent power outages coupled with growing demand for electricity are expected to drive the diesel genset market in India over the next five years. Moreover, high reliability and quick response time offered by diesel generators are anticipated to further augment the overall market demand.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Diesel Genset Market Forecast & Opportunities, 2019" has analyzed the potential of diesel genset market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the diesel genset industry in India.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in five verticals - Information Technology, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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SOURCE TechSci Research