TechNavio recognizes the following companies as the key players in the Diesel Gensets Market in India: Caterpillar Inc., Cummins India Ltd., Kirloskar Group, and Mahindra & Mahindra Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “End-users are now focusing more on renting the equipment rather than buying it, as the chances of the equipment being idle is moderate when there is no business, and this also involves high maintenance cost. End-users prefer to rent the equipment for a fixed duration. This gives rise to a number of vendors providing rental services, which is expected to provide a positive impact on the overall Diesel Gensets market in India.”
According to the report, one of the major drivers is the increasing demand for power from the Industrial sector. There is an increasing demand for 1 MW and above power diesel generators in India.
Further, the report states that one of the major challenges faced by the market is the import of low-priced diesel gensets. The availability of low-cost diesel gensets from China has affected the business of the diesel gensets manufacturers in India, thereby, affecting the overall market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/diesel-gensets-market-in-india-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Diesel Gensets Market in India 2014-2018
