Gensets Market segmentation by product types, application, and geography is expected to witness sluggish growth

(I-SoftwareNews.Com, March 16, 2018 ) 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.

Publisher's analysts forecast 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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Publisher'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

Inquire before Buying at: http://www.reportsweb.com/inquiry&RW0001309787/buying

Market driver

- Frequent power outages

- For a full, detailed list, view our report

Market challenge

- Increased adoption of renewable energy sources

- For a full, detailed list, view our report

Market trend

- Technological advances in gensets

- For a full, detailed list, view our report

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Geographical segmentation

PART 07: Market drivers

Complete Report is Available at: http://www.reportsweb.com/gensets-market-in-india-2016-2020

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Gensets Market segmentation by product types, application, and geography is expected to witness sluggish growth