Indian Diesel Generator market (upto 100 KVA) is projected to grow at a CAGR of 10.6% in value terms during 2014-2018, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 08/20/2014 -- Power sector in India, though huge, is an abhorrently underdeveloped one. In such a situation, gen-sets remain one of the most reliable and widely available forms of on-site power generation. Driven by an upsurge in demand from many sectors like telecommunication, banking and construction, the gen-set market is poised to witness sound growth over the next several years. In India, the current volume of power requirement needs to be met to sustain the demands of a rapidly growing economy of the country. This is further driving the interest and reliance on a range of generator sets powered by reliable and dependable diesel engines. Therefore, the peak power shortages across India along with business developments are driving an unprecedented demand for generator sets in the country.
In their latest research study, “India Diesel Genset Market Outlook 2018”, RNCOS analysts identified that diesel generator market is growing with rising demand for power back-up systems in the country. In 2013, the Indian diesel generator market grew 9.5% compared to the previous year. Further, the Indian diesel generator market (up to 100 KVA) is anticipated to grow at a CAGR of 10.6% in value terms during 2014-2018.
The report covers the detailed analysis of Diesel generators market with recent developments and trends. We have studied the diesel generators market performance both in value and volume terms. The Indian diesel generator market has been largely occupied by medium range (20 to 62.5 KVA) accounting for nearly half of the total diesel generator market. Our report covers the detail of diesel gen-sets market (5 to 100 KVA) including market size by KVA rating and by sectors as well. Besides this, we have found out the diesel generators market potential in various geographical regions of the country.
Moreover, the manufacturing cost analysis done in the report revealed that manufacturing cost of a diesel generators mainly accounts from core components like engine and alternator. Similarly, the report covers the capital expenditure analysis and operating cost analysis for different range of diesel generators.
With the industry’s immense growth potential, our study foresees huge opportunities for both existing and new market players. Our report also includes the profiles of key industry players, like Kirloskar Oil Engines, Cummins India, Mahindra Powerol, Birla Power Solutions, Ashok Leyland's Power Solution, Greaves Cotton, Kohler Power Systems, among others. Overall, the objective of the study is to help clients understand the prospects of the industry, and make sound investment decisions in view of those.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.