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India Gensets Market Research Report 2020: Market has Witnessed a Slump in Growth Rate During the COVID-19 Pandemic

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The market is expected to reach $3,006.6 million by 2030, from $1,385.6 million in 2019 at a healthy 13.3% CAGR between 2020 and 2030.
The Indian gensets market has witnessed a slump in its growth rate during the COVID-19 crisis, as a result of the nationwide lockdown implemented to stop the virus from spreading. Subsequently, a large number of manufacturing plants and commercial complexes have shut down, while construction activities have stopped due to laborers heading back home. Even the Indian Railways has suspended its passenger services, which has further led to a reduced demand for gensets.
Historically, the above-15 kVA category has held the largest share in the Indian gensets market, based on power rating. Commercial complexes, residential facilities, restaurants, small industrial units, and telecom towers widely deploy these gensets to meet their auxiliary electricity demands. A ....

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FactMR: Generator Sales to Grow at over 5% in 2021 as Manufacturers Refocus on Innovations: Fact.MR Study

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NEW YORK, NY / ACCESSWIRE / January 18, 2021 / The demand for generators is significantly high in rural areas and regions witnessing frequent power fluctuations and outages, a trend which is expected to continue well through 2030. Fact MR. in a new study has forecast the global market to ride on increasing power demand worldwide. As per its study, the market will exhibit positive growth through 2021 and beyond. Surging investment to boost production of hydrocarbons from bulk conventional and unconventional resources will continue favoring the expansion of the market over the forecast period.
The BP Statistical Review of Energy 2020 revealed that the total primary consumption of energy reached 583.9 exajoules in 2019, increasing from 576.23 exajoules in 2018, exhibiting a year-on-year increment over 1.3%. This is indicative of surging power demand in developed and developing countries alike, which will give tailwinds to the growth of the generator market in the coming y ....

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Generator Sales to Grow at over 5% in 2021 as Manufacturers Refocus on Innovations: Fact.MR Study

Generator Sales to Grow at over 5% in 2021 as Manufacturers Refocus on Innovations: Fact.MR Study
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Diesel Genset Market to Hit $21,929.9 Million Revenue by 2030, Globally, says P&S Intelligence

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NEW YORK, Jan. 13, 2021 /PRNewswire/ Due to the rapid digitization around the world, the usage of intelligent personal assistants, autonomous cars, the internet of things (IoT), digital currencies, and cloud computing is rising. This factor will take the global diesel genset market from $13,773.0 million in 2019 to $21,929.9 million in 2030, at a 6.0% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence.
This is because the increasing usage of all such technologies is leading to the demand for an additional space to store all the digital data being created. As a result, more data centers are being constructed around the world, which is ultimately driving the diesel genset market growth. Several components of data centers require a continuous supply of electricity, which, in cases of power cuts, is provided by diesel generators. ....

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