Press release
Diesel Gensets Market: Government Schemes Propelling Significant Growth to the Industry
Diesel Gensets Market
Browse the full report of Diesel Gensets Market Trends, Size, Share, Growth, Industry Analysis and Forecast, 2019-2025 at https://www.omrglobal.com/industry-reports/diesel-gensets-market/
Diesel gensets gives various advantages, including better fuel efficiency and low running costs, over other means of powers. Factors including infrastructure development, abundant population, and rapid industrialization among more have caused an increase in demand for power, which is powering the diesel genset market. Owing to its use in various industries including healthcare, marine, telecom, oil and gas, utilities, and mining, among others, diesel genset is gaining significant prominence across the globe. Strengthening of these sectors could provide a substantial boost to the diesel genset market.
Numerous government initiatives have been taken in different countries which have driven the diesel genset market. For instance, in India, schemes such as ‘Make in India’ campaign, smart cities mission, and Saubhagya scheme have been introduced that are expected to help in the expansion of power utilities and public infrastructure in the nation. Increasing usage of low rating diesel gensets in various domains, including telecom infrastructure in the off-grid area is strengthening the low rating genset segment and providing a significant push to the market.
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On the other hand, rising inclination toward solar energy and improvement in the situation of power supply in the residential sector could stunt the growth of the diesel genset market. Also, numerous countries are encouraging the utilization of cleaner backup power sources in-between power outages, and the government is offering subsidies for setting up solar plants, which could negatively impact the diesel genset market.
Due to the robust environmental policies, players in the diesel genset market are continually focusing on launching new products that validate the bylaws set by various regulatory bodies. Therefore, a change towards environment-friendly gensets is likely in the years to come. The major players leading the diesel gensets market include General Electric Co., Kirloskar Electric Co., Ltd., Mitsubishi Heavy Industries, Ltd., Rolls-Royce PLC, Generac Power Systems, Inc., among more.
Current Market Trends Covered in the market report:
• High Power Genset Gaining Prominence
• Government Initiatives Boosting the Market Growth
• Increasing Rate of Electrification
• Sectors Dominating the Usage of Diesel Genset
The Report Diesel Gensets Market - Segmented by Product Type and Application
By Product Type
• High Power Gensets (more than 750 kVA)
• Medium Power Gensets (350-750 kVA)
• Low Power Gensets (less than 350 kVA)
By Application
• Residential
• Non-Residential
To know more about this study, talk to our analyst at https://www.omrglobal.com/inquiry-before-buying/?id=20095
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Orion Market Research Pvt. Ltd.
Anurag Tiwari
Email: info@omrglobal.com
India: +91 7803040404
Global:+1 6467557667
Indore-India-452010
Web: www.omrglobal.com
Orion Market Research (OMR) a research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company aims to provide business insights for decision making to the global clients and offers quality syndicated research reports, customized research reports, Company profiling, consulting and other research-based services. OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.
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