Gensets Market in India 2016-2020 - Global Market to grow at a CAGR of 14% during Forecast period

Albany, NY, April 21, 2017: 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 genset market in India to grow at a CAGR of 14% during the period 2016-2020. 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

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Technavio's report, 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 vendors
- Caterpillar
- Cummins
- Kirloskar
- Mahindra & Mahindra

Other prominent vendors
- 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
- TATA Motors

Market driver
- Frequent power outages
- For a full, detailed list, view our report

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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?

Browse more details at: http://www.researchmoz.us/gensets-market-in-india-2016-2020-report.html

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