Lewes, DE -- (SBWire) -- 07/13/2016 --Report forecast the genset market in India to grow at a CAGR of 14% during the period 2016-2020.
Electricity is one of the major requirements for industrial, commercial, infrastructural, and residential growth of any country. The availability of uninterrupted power supply is necessary to fuel the growth of every industry, be it large-scale or small-scale, education, manufacturing, or healthcare.
Low fuel availability of electricity is one of the major concerns faced by Indian industries. Coal supply by Coal India is restricted to about 65% of the actual coal requirement by coal-based thermal plants. This has led to increased dependence on imported coal, which in turn has resulted in increased power generation costs due to limited fuel availability. Increased operational inefficiencies and outstanding debts have led to poor financial health of state electricity distribution companies in India. According to the Indian Planning Commission, electricity generation has to be increased by five to six times the 2003-2004 levels by 2031-2032 to ensure a sustained 8% growth of the economy. If this requirement is not met, the increasing demand for gensets in the country for uninterrupted power supply will remain.
The report covers the present scenario and the growth prospects of the genset market in India for 2016-2020. To arrive at market size, the study considers revenue generated by sales of the following gensets:
- By fuel type
- By application type
- By end-user type
- By power output capacity
Genset Market in India 2016-2020, 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. The report also includes a discussion of the key vendors operating in this market.
Key players in the genset market in India: Caterpillar, Cummins, Kirloskar, and Mahindra & Mahindra.
Other Prominent Vendors in the 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.
Market driver
- Frequent power outages
- For a full, detailed list, view our report
Market challenge
- Increased adoption of renewable energy sources
- For a full, detailed list, view our report
Market trend
- Technological advances in gensets
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 71 pages "Gensets Market in India 2016-2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by fuel type, Market segmentation by application type, Market segmentation by end-users, Genset market by power output capacity, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/gensets-market-india-2016-2020
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