January 07, 2021
As cited by the business intelligence report titled ‘India Diesel Generator Market Analysis, 2020’ available with Market Study Report LLC, Indian diesel generator market is anticipated to register a robust CAGR of 6% during the period 2020-2025.
Research analysts claim that increasing adoption of the product across several industrial facilities coupled with favorable government initiatives aimed at the development of the manufacturing sector are bolstering the growth of the Indian diesel generator market size.
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Additionally, rising disposable income, innovative product launches, technological advancements in the business domain, and strategic alliances by leading companies are also positively swaying the business dynamics.
The research report on India Diesel Generator Market delivers substantial information regarding the various growth stimulants, challenges & restraints, and additional expansion trends influencing the profitability graph of this business domain over the period of 2020-2025. It also provides crucial comparative data regarding historic records and the current industry trends in order to establish effective business strategies in the forthcoming years.
Apart from this, the document also highlights the numerous market segments such as type, power rating, end-user terrain, and geographical reach. The report highlights the different industry participants alongside their relevant market share and growth strategies implemented in order to gain a competitive head start.
Based on type, India diesel generator market is bifurcated into peak shaving, prime & continuous power, and stand by. The end-user landscape of the industry comprises of industrial, commercial, and residential.
With regards to power rating, the overall market is fragmented into above 1000 KVA, 750.1 KVA to 1000 KVA, 375.1 to 750 KVA, 75.1 KVA to 375 KVA, and 5 KVA to 75KVA. Among these, the 5 KVA to 75KVA segment is slated to witness lucrative gains over 2020-2025. Factors such as rising adoption due to high affordability and availability along with increasing establishment of commercial as well as residential buildings in the country are propelling the expansion of the segment.
Key participants that formulate the competitive dashboard of India diesel generator industry are VE Commercial Vehicles Ltd., Escorts Limited, Cooper Corporation Private Limited, Mahindra & Mahindra Ltd., Kohler Co., Kirloskar Oil Engines Ltd., Greaves Cotton Limited, Cummins India Ltd., Caterpillar Inc., and Ashok Leyland.