BURNABY, Canada, August 3, 2015 /PRNewswire/ --
Increasing demand from residential, manufacturing and commercial segments to boost demand for diesel gensets in India through 2020
According to TechSci Research report "India Diesel Gensets Market Forecast & Opportunities, 2020", the diesel gensets market in India is projected to cross USD2.1 billion by the end of 2015. Growth in demand for diesel gensets is expected on account of rising power cuts as a result of widening demand-supply gap in electricity across the country. Additionally, continuing growth in major end user sectors such as manufacturing, healthcare & pharma, residential and commercial is boosting the demand for diesel gensets in the country. In India, diesel gensets are being used to provide primary as well as back-up power supply in various industries.
Low and medium voltage diesel gensets are preferred by consumers for residential and commercial applications, while high and very high voltage diesel gensets are mainly used by large manufacturing facilities. Other major end users of diesel gensets include off-grid areas and agriculture, mining and BFSI sectors. Manufacturing, IT and banking rely heavily on diesel gensets as consistent power supply is extremely critical for them to ensure seamless operations and prevent data loss.
The use of diesel gensets in telecom sector is currently declining due to players shifting towards using renewables sources of electricity and hybrid gensets, as per TRAI regulations. "The Ministry of Environment implemented new CPCB II norms to limit emissions from diesel gensets. Rising concerns over carbon emissions are augmenting adoption of biodiesel gensets in the country from various end user segments.'’, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Diesel Gensets Market Forecast & Opportunities, 2020" has evaluated the future growth potential of diesel gensets in India, and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes drivers, challenges and opportunities available in India diesel gensets market.
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 six verticals - Information Technology, Chemicals, 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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