India Diesel Generator Rental Market 2017-2022
Posted by Sophia Jones on March 7th, 2018
Growing construction market coupled with development of industrial and commercial applications including manufacturing, service sector and events have buoyed the growth of diesel generator rental market in India. In FY 2017, construction activities including infrastructure development registered a FDI inflow of more than .82 billion which is projected to register healthy growth rate over the coming years. Several large scale projects including Navi Mumbai International Airport, Gujarat Gift City, Mega Food Park as well as IT Special Economic Zone (SEZ) Park are projected to create huge opportunities for diesel generator rental market.
India Diesel Generator Rental Market is projected to grow at a CAGR of over 18% during 2017-23. In terms of market segments, below 100 KVA rating gensets registered majority of the market revenues in 2016. Low ownership cost, ease of availability, and higher usage across numerous applications have spurred the demand. During the forecast period, below 100KVA rating genset segment is expected to maintain its market dominance on account of increasing demand across various applications including construction, telecom infrastructure, events and hospitality & healthcare.
In terms of market applications, in 2016, construction activities, manufacturing together with power utilities registered higher revenues in India diesel generator rental market. Additionally, during the forecast period, these applications are likely to continue its market dominance attributed to rising construction activities on account of smart cities and infrastructure development across various parts of the country.
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Some of the key players in India diesel generator rental market include- Perennial, Aggreko, Sudhir Power, Modern Hiring, Perfect hiring, Gmmco, and others.
The report thoroughly covers the Diesel Generator Rental market by KVA ratings, market structure, verticals, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Browse our related reports on above topic: Diesel Market Report
The report provides detailed analysis of the following market segments:
- Below 100 KVA
- Power Utilities
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About the AuthorSophia Jones
Joined: August 22nd, 2017
Articles Posted: 752
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