India Diesel Genset Market (2019-2025) - Outlook, Industry, Size, Share, Growth, Forecast, Revenue, Analysis & Segmentation
India Diesel Genset Market Introduction
The India diesel genset market is expected to grow at a CAGR of XXXX% during the forecast period, according to our analysis. The growth in the diesel genset market is due to factors such as rising construction activities and infrastructure development projects among others. The rising demand for energy from industries and commercial buildings also fuels this growth trend in the Indian diesel genset market.
India Diesel Genset Market Summary
The Indian diesel genset market is estimated to grow at a CAGR of XXXX% during the forecast period, 2017-2022. The 100 kVA - 350 kVA power rating segment is expected to register the highest growth in the market during this period due to its high demand from both residential and commercial consumers as well as government installations like electric vehicles (EVs).
100 kVA - 350 kVA Power Rating Segment to Register the Highest Growth in India Diesel Genset Market
The 100 kVA - 350 kVA Power Rating Segment is expected to register the highest growth in India Diesel Genset Market during the forecast period.
The demand for diesel gensets in India is driven by several factors such as increasing industrialization, rising energy demand, and growing construction activities.
Structural Projections
The market for diesel gensets is largely driven by the need for power generation in developing and emerging economies. The segmentation of the market is based on power ratings. The 100 kVA - 350 kVA segment is expected to be the fastest growing segment in terms of consumption over the forecast period due to its application in transportation, mining and industrial applications.
The global demand for new diesel generators has been increasing steadily since 2010 when it was estimated at XXXX% of total installed capacity (AC). This figure increased further as countries such as India began experiencing economic growth which resulted in more demand for energy sources such as coal-fired plants which produce large amounts of greenhouse gases like carbon dioxide (CO2).
100 kVA - 350 kVA is expected to be the fastest-growing segment in the market
The 100 kVA - 350 kVA segment is expected to register a CAGR of XXXX%. This can be attributed to the increasing demand for power in both domestic and commercial sectors, which is expected to boost the growth of this segment over the forecast period.
The India diesel generator market accounted for $XXXX billion in revenue in 2017 and is projected to reach $XXXX billion by 2022 at an estimated compound annual growth rate (CAGR) of XXXX.
Conclusion of the India Diesel Genset Market
The Indian diesel genset market is expected to grow at a CAGR of XXXX% from 2018 to 2023, driven by rising demand for high-capacity power plants and infrastructure projects in the country. The growth prospects of this segment are also supported by the government’s focus on renewable energy sources such as solar and wind power generation systems, which need large amounts of electricity to operate efficiently.