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India Diesel Generator Rental & Leasing Market is in the Growing Stage; being driven by government initiatives in manufacturing sector along with growing foreign investments and technological advancements: Ken Research

12-22-2022 01:01 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt .Ltd

India Diesel Generator Rental & Leasing Market is in the Growing

1. Factors driving the India Diesel Generator Rental & Leasing Market Growth

India diesel generator rental & leasing market size in terms of revenue has been showing increasing trend from 2017 to 2022. This is mainly due to advancement in manufacturing sector, government initiatives, technological advancement and foreign investments boosting the development of nation as well as demand for diesel generator as well. Rising power outages, increased urbanization, industrialization, growing demand for reliable and uninterrupted power supply are some of the factors driving the India Diesel Genset Market Growth.

2. Future Market Size is expected to grow at a CAGR of 14.6% from 2022 to 2027 in terms of revenue

India diesel generator rental & leasing market size in terms of revenue and in terms of numbers is expected to show increasing trend from 2022 to 2027. This could be mainly due to advancement in manufacturing sector, government initiatives, technological advancement and foreign investments boosting the development of nation as well as demand for diesel generator as well.

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3. Government has adopted Make in India, Atmanirbhar Bharat and Performance Based Incentive Schemes to create demand for backup power in the manufacturing sector.

Government initiatives such as Make in India, Atmanirbhar Bharat and Performance Based Incentive Schemes (PLI) are expected to create robust demand for backup power in the manufacturing sector. Driven by supporting government policies such as: "Make in India", Production Linked Incentives (PLI), aim to boost domestic manufacturing due to the urgent need for high voltage for power and electrical equipment. The country is also expected to witness the construction and location of data centers.

For more insights on the market intelligence, refer to the link below:-

https://www.kenresearch.com/energy-and-utilities/power/india-dg-rental-and-leasing-market-outlook-to-2027/596163-103.html

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

We currently cater to 300+ sectors with 150,000+ research repository across 196+ countries serving 1000+ clients and have partnered with almost 25+ content aggregators.

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