Latest 2023 Developments of the India Diesel Generator Rental Market
India Diesel Generator Rental Market has seen the deployment of technological advancements in portable fuel generators to reduce the risk of carbon monoxide (CO) poisoning, thereby, creating load-on-demand setups where portable generators are integrated with built-in sensors that trigger an automatic shutoff if the level of CO emissions in enclosed spaces becomes high which helps customers save fuel, emissions and costs. Further, the suppliers are expanding their portfolio in different generator sizes and flexible rental packages are being tailored according to the customer's time frame, fuel, and power needs within the customer's budget.
Mergers And Acquisitions:
- On 1 June 2021, Generac Holdings Inc., a designer, and manufacturer of energy technology solutions and other power products, acquired Deep Sea Electronics Ltd., an advanced control designer, and manufacturer.
- In August 2021, Herc Holdings, operating as Herc Rentals, completed the acquisition of all assets of CBS Rentals, a full-service general equipment rental company based in Conroe, Texas.
India Diesel Generator Rental Market Synopsis
Increasing demand for prime and standby sources of power across industrial and commercial applications in India buoyed the integration of diesel generators on a rental basis across the country. On account of off-shore areas and unreliable power supply, diesel generator rental solutions have become a major source of power for various applications across India. In addition to the residential and commercial applications, high KVA-rating diesel generator rental solutions are also used across power utilities, either as a prime or stand-by source to power the industrial sector, especially in the manufacturing sector.
According to 6Wresearch, India diesel generator rental market size is projected to grow at a CAGR of over 18% during 2017-2023. In terms of market segments, below a 100 KVA rating, gen-sets registered the majority of the revenue share in the overall India diesel generator rental market share in 2016. Low ownership cost, ease of availability, and higher usage across numerous applications have spurred the demand. During the forecast period, below 100KVA rating Genset segment is expected to maintain its market dominance on account of the increasing demand across various applications including construction, telecom infrastructure, events, and hospitality & healthcare.
In terms of market applications, in 2016, construction activities, manufacturing together with power utilities registered higher revenues in the India diesel generator rental market. Additionally, during the forecast period, these applications are likely to continue their market dominance attributed to rising construction activities on account of smart cities and infrastructure development across various parts of the country.
Some of the key players in the India diesel generator rental market include- Perennial, Aggreko, Sudhir Power, Modern Hiring, Perfect Hiring, Gmmco, and others.
The India diesel generator rental market report thoroughly covers the India diesel generator rental market outlook by KVA ratings, market structure, verticals, and regions. India diesel generator rental market report provides an unbiased and detailed analysis of the ongoing India diesel generator rental market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics
India Diesel Generator Rental Market increasing in the demand for the power source in industrial and commercial applications. The diesel generator rental become an important part of the power supply through various applications across India while adding commercial applications and residential power utilities.
Key Highlights of the Report:
• India Diesel Generator Rental Market Overview
• India Diesel Generator Rental Market Outlook
• India Diesel Generator Rental Market Forecast
• India Diesel Generator Rental Market Size and India Diesel Generator Rental Market Forecast Revenues until 2023
• Historical Data of India Diesel Generator Rental Market Revenues for the Period 2014-2016
• Market Size & Forecast of India Diesel Generator Rental Market Revenues until 2023
• Historical Data of India Diesel Generator Rental Market Revenues by Verticals for the Period 2014-2016
• Market Size & Forecast of India Diesel Generator Rental Market Revenues by Verticals until 2023
• Historical Data of India Diesel Generator Rental Market Revenues by KVA Rating for the Period 2014-2016
• Market Size & Forecast of India Diesel Generator Rental Market Revenues by KVA Rating until 2023
• Historical Data of India Diesel Generator Rental Market Revenues by Regions for the Period 2014-2016
• Market Size & Forecast of India Diesel Generator Rental Market Revenues by Regions until 2023
• Historical Data of India Diesel Generator Rental Market Revenues by Organized Vs. Unorganized for the
Period 2014-2016
• Market Size & Forecast of India Diesel Generator Rental Market Revenues by Organized Vs. Unorganized until 2023
• Historical Data of India Diesel Generator Rental Market Revenues by Applications for the Period 2014-2016
• Market Size & Forecast of India Diesel Generator Rental Market Revenues by Applications until 2023
• India Diesel Generator Rental Market Drivers and Restraints
• India Diesel Generator Rental Market Trends
• India Diesel Generator Rental Market Industry Life Cycle
• India Diesel Generator Rental Market Value Chain and Ecosystem Analysis
• India Diesel Generator Rental Market Porter's Five Forces Analysis
• India Diesel Generator Rental Market Overview on Competitive Landscape
• India Diesel Generator Rental Market Share by Players
• Company Profiles
• Key Strategic Pointers
Markets Covered:
The report provides a detailed analysis of the following market segments:
By KVA Ratings:
- Below 100 KVA
- 100.1-350 KVA
- 350.1-750 KVA
- 750.1-1000 KVA
- Above 1000 KVA
By Verticals:
- Power Utilities
- Construction
- Manufacturing
- Others
By Market Structure:
- Organized
- Unorganized
By Regions:
- Northern
- Southern
- Eastern
- Western
