India Diesel Genset Rental Market, By Ratings (Below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA, Above 1000KVA), By Vertical (Power Utilities, Construction, Manufacturing, Others), By Region, Competition, Forecast & Opportunities, 2024
India diesel genset rental market is forecast to surpass $ 850 million by 2024. A diesel genset is the combination of a diesel engine with an electric generator to generate electrical energy. These are used in places without connection to the power grid, as an emergency power-supply if the grid fails, as well as for more complex applications such as peak-lopping, grid support and export to the power grid.
Increasing demand for standby sources of power across industrial and commercial applications has led to the integration of diesel generators on rental basis across the country. Strengthening construction and booming transportation sectors are the key factors driving India diesel genset rental market. Additionally, growing infrastructural developments in the country are further spurring the market.
The India diesel genset rental market is segmented based on ratings, verticals, region and company. Based on ratings, the market can be categorized into below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA and above 1000KVA. The 100.1-350KVA ratings segment is expected to dominate the market during forecast period owing to their widespread use across a range of applications. Additionally, their low cost and ease of availability further makes them a preferred choice. Based on verticals, the market can be fragmented into power utilities, construction, manufacturing and others. The construction vertical is expected to hold the largest market share attributable to growing construction activities on account of smart cities and infrastructure development across the country.
Major players operating in the country’s diesel genset rental market are Aggreko Energy Rental India Pvt. Ltd., Perennial Technologies Pvt. Ltd., Tractors India Pvt. Ltd., Marco Gensets Pvt. Ltd., Sudhir Power Ltd., Pioneer Power Service Pvt. Ltd., Cummins India Limited, Kirloskar Oil Engines Limited (KOEL), Ashok Leyland Ltd., Kohler India Corporation Pvt Ltd. and others. Leading companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
- bjective of the Study:
- To analyze and forecast the market size of India Diesel Genset Rental market.
- To classify and forecast India Diesel Genset Rental market based on ratings, verticals, company and regional distribution.
- To identify drivers and challenges for India Diesel Genset Rental market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Diesel Genset Rental market.
- To conduct pricing analysis for India Diesel Genset Rental market.
- To identify and analyze the profile of leading players operating in India Diesel Genset Rental market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India Diesel Genset Rental market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Diesel genset rental companies and other stakeholders
- Diesel genset manufacturers and distributors
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to diesel genset market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India Diesel Genset Rental market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Ratings:
- Below 100KVA
- Above 1000KVA
- Market, By Vertical:
- Power Utilities
Company Profiles: Detailed analysis of the major companies present in India Diesel Genset Rental market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
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