India Diesel Gensets Market to Cross $2.9 Billion by 2021: TechSci Research Report
NEW YORK, December 6, 2016 /PRNewswire/ --
Increasing demand-supply gap, growing infrastructure-based development and rising demand for standby power supply in off-grid and unreliable grid areas to drive India diesel gensets through 2021
According to TechSci Research report, "India Diesel Gensets Market By Rating, By End User, Competition Forecast & Opportunities, 2011 - 2021", the diesel gensets market in India is anticipated to register market revenues of around $2.9 Billion by 2021. Diesel gensets play a crucial role in providing reliable and high-quality power backup during power outages as well as stand-alone power generation systems. Diesel gensets are increasingly being used for meeting power requirements from various end users across industrial, commercial and residential sectors. Broadly, diesel genset finds application as standby power system when prime source of power is unable to meet electricity requirements. Diesel gensets are also used as prime power source as well as for peak shaving purpose.
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Browse 16 market data Tables and 43 Figures spread through 199 Pages and an in-depth TOC on
"India Diesel Gensets Market"
As per the Indian Brand Equity Foundation (IBEF), India's retail sector is anticipated to increase from USD600 billion in 2015 to USD1,300 billion by 2020, exhibiting a CAGR of 16.72% during 2015 - 2021. While, the FMCG sector of the country is likely to grow at a CAGR of 20.61% during 2016 - 2020, reaching USD103.7 billion by 2020. In 2016, India surpassed the United States to become the second largest smartphone market in the world, with around 220 million active unique smartphone users registered in 2015. According to the Indian Brand Equity Foundation (IBEF), the telecom infrastructure has expanded at a CAGR of 20% during 2008 - 2015, reaching 571,000 towers in 2015. On an average, the country's telecom tower network consumes over 11 billion kWh annually, and this is likely to increase to 17 billion kWh by the end of 2016. Hence, with anticipated high growth in the end user sectors of diesel gensets in India, the demand for diesel gensets in the country is expected to grow at a healthy pace during forecast period.
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"Telecom Regulatory Authority of India (TRAI) has mandated telecommunications companies to switch from diesel gensets to renewable sources of power generation, as the total switch-over cost from diesel gensets would save nearly 2 billion litre per year of diesel, amounting to around USD1.19 billion annually. This is expected to curb the carbon footprint in the country over the next few years. In addition, the Department of Telecommunications has mandated many telecom companies to increase the proportion of hybrid-powered tower sites to 75% in rural areas and 33% in urban areas by 2020. All these developments are expected to positively influence the country's diesel gensets market over the span of next five years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Diesel Gensets Market By Rating, By End User, Competition Forecast & Opportunities, 2011 - 2021" has evaluated the future growth potential of India diesel gensets market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India diesel gensets market.
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