Press release
Gensets Market in India 2016 to grow at a CAGR of 14.04% during the period to 2020
Gensets market in India to grow at a CAGR of 14.04% over the period 2014-2019.
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Covered in this Report
The Gensets market in India can be segmented into four product segments: Under 60kW Gensets, 60kW-300kW Gensets, 300-1MW Gensets, 1MW and Above Gensets.
Gensets market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers India; it also covers the India's Gensets market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Our analyst researched the following companies as the key players in the Gensets Market in India: Caterpillar Inc., Cummins Inc., Kirloskar Group and Mahindra & Mahindra Ltd.
Other Prominent Vendors in the market are: Ashok Leyland, Escort Group, Generac, Greaves Cotton, Honda Siel Power Product, Kohler and Sonalika.
Commenting on the report, an our analyst said: “One of the major trends in the market is the availability of biodiesel fuel gensets. The implementation of stringent rules and regulations on environmental conservation has led to the development of new and innovative gensets in the market.”
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According to the report, the unreliability of electricity grids is one of the major factors driving the market. Electricity grids, which are already operational in India, are not able to withstand heavy rainfall, earthquake, and fire, which lead to power outages, have created the need for installation of gensets across the sectors. The need for uninterrupted and continuous power supply has led to increased adoption of gensets across the Industrial, Commercial, Infrastructure, and Residential sectors.
Further, the report states that one of the major challenges in the market is the increased import of low-cost gensets in India. The lack of capital of SMEs to invest in high-quality gensets has led to an increase in the import of low-cost and low-quality gensets from China and other countries. This has a direct impact on the pricing strategy of gensets manufacturers in India
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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