India Diesel Genset Rental Markets, Analysis & Forecasts, 2017-2021 & 2022-2027: Focus on Construction, Manufacturing, Healthcare, IT & Telecom, Residential, Hospitality, Education, Banks, Retail
Dublin, April 29, 2022 (GLOBE NEWSWIRE) -- The "India Diesel Genset Rental Market, By Power Rating (Below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA, above 1000KVA), By Vertical (Construction, Manufacturing, Healthcare, IT & Telecom, Residential, Others), and By Region, Competition, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The Indian Diesel Genset Rental Market is projected to grow from USD445.18 million in 2021 to USD616.15 million by 2027 at a CAGR of 5.92%
Increasing demand for diesel gensets from the commercial and industrial sector and favorable government initiatives supporting the development of the manufacturing industry are the primary factors driving the growth of the Indian Diesel Genset Rental Market.
Also, the organizations need to optimize the operational costs and growing demand for backup power to ensure constant power supply is expected to fuel the demand of the Indian Diesel Genset Rental Market through the next five years.
Industries prefer to rent the diesel genset instead of buying it. Renting diesel genset provides numerous benefits, such as eliminating capital investment, which gives the opportunity to the business owner to use that money for other purposes.
During emergency situations, organizations prefer to rent the diesel genset as it requires lower cost and time when compared to immediate buying the diesel genset. The introduction of advanced diesel genset equipped with advanced control panels, connection options, power selector switch, and other components is expected to create lucrative opportunities for the Indian Diesel Genset Market in the forecast period.
Due to the growing population, accommodation and other purposes are decreasing rapidly, generating the need to look for unexplored and hazard-prone areas. People settle in high-risk areas prone to heavy rainfalls, snowfalls, storms, and other severe environmental conditions.
The rise in global warming and growing greenhouse emissions results in severe calamities, which hamper the power generation and distribution systems. People are rapidly using the diesel gensets to get power supply in emergencies, which is expected to bolster the demand for the Indian Diesel Genset Market in the next five years.
Leading market players operating in the Indian Diesel Genset Rental Market
Cummins India Limited
Kirloskar Oil Engines Limited
Kohler Power India Pvt Ltd.
Ashok Leyland Ltd
Sudhir Power Ltd.
Aggreko Energy Rental India Pvt. Ltd.
Marco Gensets Pvt. Ltd.
Tafe Motors and Tractors Limited
Perfect Generator Technologies Private Limited
Modern Energy Rental Pvt. Ltd
Power Mak Industries LLP
Pioneer Power Service Pvt Ltd
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
India Diesel Genset Rental Market, By Power Rating:
Into Below 100KVA
India Diesel Genset Rental Market, By Vertical:
IT & Telecom
Others (Hospitality, Education, Events, Banks, Offices, shopping malls)
India Diesel Genset Rental Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/38e43z
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