Market Reports on India presents the latest report on “India Diesel Genset Market”
http://www.marketreportsonindia.com/industry-mfg-market-research-reports-12324/india-diesel-genset-ratings-verticals-commercial-industrial.html India is one of the key contributing countries in Asia-Pacific region diesel genset market.
7th may. 2016 – Navi Mumbai, India: Market reports on India present the latest report on “India Diesel Genset Market”. Factors such as surging infrastructure development activities, growing investments, power demand-supply gap and rising telecom infrastructure have led the market.
India is one of the key contributing countries in Asia-Pacific region diesel genset market. Factors such as surging infrastructure development activities, growing investments, power demand-supply gap and rising telecom infrastructure have led the market.
During last couple of years, diesel genset market in India registered sluggish growth due to improved power demand-supply situation and slowdown in industrial sector. The market recorded sluggish demand owing to improvement of power infrastructure, generation of electricity from cleaner & renewable sources and surge in the prices.
According to India diesel genset market is projected to grow at a CAGR of 6.64% by 2022. In the forecast period, with increasing investments in manufacturing sector, construction & expansion of public infrastructures, ‘Make in India’ campaign and smart cities project would drive the growth of the market.
In India, diesel gensets with rating 5KVA-75KVA accounted for majority of the market share due to ease of availability, low cost and wide range usage of across various applications. 5KVA-75KVA rating genset market is expected to maintain its market dominance through the forecast period. Utilization of these gensets across power telecom infrastructure in unreliable and off-grid areas is also expected to drive the growth of the market.