MRO Magazine

Gensets Market in India to Grow 14% by 2020 – Key Vendors are Caterpillar, Cummins & Kirloskar – Research and Markets


July 5, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the ” Gensets Market in India 2016-2020″ report to their offering.

The report forecasts the genset market in India to grow at a CAGR of 14% during the period 2016-2020.

A trend boosting market growth for gensets is technological advances. Improved fuel economy continues to be the most significant advancement in diesel engine technology. Though many end-users prefer gasoline-powered equipment, the diesel engine segment has a solid end-user base in data centers as it is an economical option an important parameter considered for owning power backup equipment.

Over the years, several initiatives and changes have been implemented to improve the overall efficiency of engines in a diesel genset. Most of the modifications involve igniting of power within the engine itself, derived from a combination of oxygen and fuel.

According to the report, a key growth driver is frequent power outages. Power outages form one of the common problems faced by developing countries such as India. India, being one of the fastest developing nations in the world, depends largely on electricity for its industrial, commercial, infrastructure, transport, and other sectors. India is the third largest electricity producer and consumer in the world after the US and China. However, an estimated 27% of the energy generated in India gets lost during transmission or is stolen. Peak supply falls short of 9%, and frequent power outages last for an average of 10 hours in many regions of the country.

Further, the report states that one challenge that could hamper market growth is the increased adoption of renewable energy sources.

Key vendors:

  • Caterpillar
  • Cummins
  • Kirloskar
  • Mahindra & Mahindra

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by fuel type

PART 07: Market segmentation by application type

PART 08: Market segmentation by end-users

PART 09: Genset market by power output capacity

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/3zfxsc/_gensets_market

Research and Markets
Laura Wood, Senior Manager
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