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India Genset Market to Grow At Compound Annual Growth Rate of 10 Percent CAGR - India is the one of the most burgeoning market for gensets over the next few years. The Indian diesel generator is a regimented and highly competitive space market - GrootteResearch.com
India Genset Market to Grow At Compound Annual Growth Rate of 10 Percent CAGR

 

PRZOOM - /newswire/ - Melbourne, Victoria, Australia, 2013/04/16 - India is the one of the most burgeoning market for gensets over the next few years. The Indian diesel generator is a regimented and highly competitive space market - GrootteResearch.com.

   
 
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It is generally divided into four segments namely the small diesel generators (10 75 kVA), medium diesel generators (75.1 375 kVA), large diesel generators (375.1 750 kVA) and Very Large diesel gensets (750.1 3000kVA). During 2009-12, the total genset market is anticipated to grow gradually at a compound annual growth rate (CAGR) of approximately 10 percent in revenue terms. Rapidly increase in the growth of industrial sector and shortage of power is likely to boost diesel genset sales in India.

From past three years telecom sector has been fuel the growth of small diesel genset market and with the advent of 3G services small diesel genset market validated a good growth rate. It is anticipate to revive and project high growth rates over the next five years. Apart from that, there are few barriers such as continuous hike in diesel price or crude oil, import of low cost genets (mainly import from China) and price competition from the unorganized genset suppliers.

There are several technology transfer agreements and substantial investments in small and medium genset is likely to increase the competition in market. Degree of competition in small and medium genset is expected to increase radically with the new entrants (both domestic and international suppliers) and venturing the India genset market. The competition is quite low in very large diesel gen-sets range due to high entry barrier and high manufacturing cost as well. There are few players in the market who are prevalent very large diesel genset market namely CIL, Caterpillar, Volvo and MTU. CIL holds the maximum revenue share for very large diesel gensets.

As per the recently published report India Diesel Genset Market, Outlook: 2018 the genset market of India is projected to reach at US $ 3.4 Billion by 2018 by growing at approximately10% CAGR during the years 2013-2018. Even though there is already a cut throat competition in the genset market as there are leading giants are catering the demand. However, abundant growth of telecommunication, IT and power shortage is projected to impel the India Diesel Genset Market in the coming years.

 
 
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India Genset Market to Grow At Compound Annual Growth Rate of 10 Percent CAGR

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