Honda Siel Power Products and Kirloskar Oil Engines to Dominate India Portable Generator Market: TechSci Research
According to TechSci Research report, “India Portable Generator Market By Rating, By Fuel Type, By End User, Competition Forecast & Opportunities, 2013 - 2023’’, portable generator market in India is projected to reach $ 127 million by 2023. Key factors expected to drive the market include rising power demand, technological advancements for enhancing the standalone efficiency of engines as well as alternators, coupled with implementation of stringent pollution norms and affordable housing projects in the country. Moreover, launch of new green products with optimum utilization of fuel and low noise is further likely to steer growth in India portable generator market. Honda Siel Power Products Limited and Kirloskar Oil Engines Ltd. figured among the largest players operating in India portable generator market in 2017, owing to their wide product range, strong distribution channel and better product quality. Some of the other major market players include Mahindra Powerol Limited, Kohler Power India Private Limited and Atlas Copco (India) Limited.
Browse 60 market data Figures and Tables spread through 101 Pages and an in-depth TOC on"India Portable Generator Market"https://www.techsciresearch.com/report/india-portable-generator-market/1798.html
In terms of rating, India portable generator market is dominated by 4.1 kVA – 6 kVA range, as these types of generators are majorly used in the commercial sector. Moreover, commercial sector accounted for the largest market share in 2017 and is likely to maintain its market dominance during the forecast period. A large demand for portable generators emanates from the country’s northern and eastern regions, on account of higher electricity demand and poor grid infrastructure, especially in the eastern region and in the state of Uttar Pradesh and Haryana in the northern region. Diesel-based portable generators dominate the market, in terms of fuel type, as they are comparatively cheaper than other fuel-based portable generators.
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“As per the Central Electricity Authority, southern and northern Indian regions are expected to witness peak power deficits of -4.5% and -1.2% in 2019, respectively. This is due to higher electricity demand coupled with transmission & distribution losses in the regions. Technological advancements and government initiatives for setting up manufacturing facilities and allowance of 100% FDI in the country are some of the other factors expected to positively influence portable generator market in India over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Portable Generator Market By Rating, By Fuel Type, By End User, Competition Forecast & Opportunities, 2013 - 2023” has evaluated the future growth potential of India portable generator market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India portable generator market.
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