- The key vendors in the Gensets Market in India 2014-2018 are Caterpillar Inc., Cummins Inc., Kirloskar Group and Mahindra & Mahindra Ltd.
London, 18 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Gensets Market in India 2014-2018. One of the major trends in the market is the availability of biodiesel fuel gensets. The implementation of stringent rules and regulations on environmental conservation has led to the development of new and innovative gensets in the market. The Gensets market in India is expected to grow at a CAGR of 14.04 percent during 2015-2019.
The demand for gensets for prime power application in India is mainly driven by the industrial sector. Gensets are used as a source of power supply where there is no access to the main power supply; for instance, oil and gas exploration and mining activities are carried out at remote locations with the use of gensets as there is no access to the main power supply.
“Unlike other gensets, the biodiesel fuel genset emits fewer harmful substances such as nitrogen oxide, carbon monoxide, hydrocarbons, and particulates,” says Faisal Ghaus, Vice President of TechNavio Research.
“Vendors such as Mahindra Powerol have launched a B100 biodiesel genset that has an electronic controller, enabling start and stop of the genset in diesel mode and running the genset in biodiesel mode.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
