India gas genset market has experienced a downward trend over the past few years as a result of stringent pollution regulations, limited consumer awareness and fluctuating gas prices.
However, the market is projected to bounce back from 2019 onwards as genset manufacturers are making efforts to come up with standard products which are compliant with the CPCB (Central Pollution Control Board) II emission norms.
Moreover, growing pollution concern is also expected to increase the demand for gas gensets as compared to diesel gensets over the coming years.
Standby power application bagged highest revenue share in 2017 while peak shaving and primary power applications contributed nearly 15% altogether. Due to launch of new norms, the market specially in industrial vertical which includes power utility segment was majorly impacted during last few years. This also resulted in increased prices of gas gensets, which further impacted the growth of the market during 2014-17.
Furthermore, in terms of gas genset rating, 350.1 kVA-1000 kVA segment captured largest market revenue share while low rating genset up to 100 kVA attributed for largest market volume share in 2017. With ongoing demand for medium rating gas genset from commercial and industrial segments, 100.1 kVA-350 kVA segment is projected to exhibit high growth during the forecast period.
- Ashok Leyland
- Caterpillar India Pvt. Ltd.
- Cooper Corporation Pvt. Ltd.
- Cummins India Ltd.
- F.G. Wilson Inc.
- Generac Power Systems Inc.
- Green Power International Pvt. Ltd.
- Kirloskar Oil Engines Ltd.
- Kohler Power India Pvt. Ltd.
- Mahindra & Mahindra Ltd.
Key Topics Covered
1. Executive Summary
3. Global Gas Genset Market Overview
4. India Gas Genset Market Overview
5. India Gas Genset Market Dynamics
6. India Gas Genset Market Trends
7. India Gas Genset Market Overview, By Rating
8. India Gas Genset Market Overview, By Verticals
9. India Gas Genset Market Overview, By Applications
10. India Gas Genset Market Overview, By Regions
11. India Gas Genset Market Price Trend
12. India Gas Genset Market Key Performance Indicators
13. India Gas Genset Market Opportunity Assessment
14. India Gas Genset Market - Competitive Landscape
15. Company Profiles
16. Key Strategic Notes
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