Genset in India Market Analysis and In-depth Research on Market Size, Trends, Emerging Growth Factors and Forecasts 2020
Genset in India Market Research Report covers the present scenario and the growth prospects of the Genset in India industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of Genset in India globally. Genset in India Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market.
The Genset in India Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the Genset in India industry.
Industry experts forecast the global Genset in India market to grow at a CAGR of 14% during the period 2016-2020
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Following companies as the key players in the Genset in India market: Caterpillar, Cummins, Kirloskar, and Mahindra & Mahindra.
Other Prominent Vendors in the Genset in India market are: Atlas Copco, Ashok Leyland, C & S Electric, The Escorts Group, Eicher Motors, FG Wilson, Generac Power Systems, Greaves Cotton, Honda Siel Power Products, Kohler, International Tractors Ltd. (Sonalika), Sterling Generators, and TATA Motors.
“A trend boosting Genset Market growth for gensets is technological advances. Improved fuel economy continues to be the most significant advancement in diesel engine technology. Though many end-users prefer gasoline-powered equipment, the diesel engine segment has a solid end-user base in data centers as it is an economical option — an important parameter considered for owning power backup equipment. Over the years, several initiatives and changes have been implemented to improve the overall efficiency of engines in a diesel genset. Most of the modifications involve igniting of power within the engine itself, derived from a combination of oxygen and fuel.”
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According to the Genset in India Market report, a key growth driver is frequent power outages. Power outages form one of the common problems faced by developing countries such as India. India, being one of the fastest developing nations in the world, depends largely on electricity for its industrial, commercial, infrastructure, transport, and other sectors. India is the third largest electricity producer and consumer in the world after the US and China. However, an estimated 27% of the energy generated in India gets lost during transmission or is stolen. Peak supply falls short of 9%, and frequent power outages last for an average of 10 hours in many regions of the country.
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Further, the report states that one challenge that could hamper market growth is the increased adoption of renewable energy sources.
Key questions answered in Genset in India market report:
- What will the Genset in India market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving Genset in India market?
- What are the challenges to Genset in India market growth?
- Who are the key vendors in Genset in India market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Number of Pages: 71
Price of Report: $2500 (Single User License)
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