1. Factors driving the India Diesel Generator Rental & Leasing Market Growth
India diesel generator rental & leasing market size in terms of revenue has been showing increasing trend from 2017 to 2022. This is mainly due to advancement in manufacturing sector, government initiatives, technological advancement and foreign investments boosting the development of nation as well as demand for diesel generator as well. Rising power outages, increased urbanization, industrialization, growing demand for reliable and uninterrupted power supply are some of the factors driving the India Diesel Genset Market Growth.
2. Future Market Size is expected to grow at a CAGR of 14.6% from 2022 to 2027 in terms of revenue
India diesel generator rental & leasing market size in terms of revenue and in terms of numbers is expected to show increasing trend from 2022 to 2027. This could be mainly due to advancement in manufacturing sector, government initiatives, technological advancement and foreign investments boosting the development of nation as well as demand for diesel generator as well.
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3. Government has adopted Make in India, Atmanirbhar Bharat and Performance Based Incentive Schemes to create demand for backup power in the manufacturing sector.
Government initiatives such as Make in India, Atmanirbhar Bharat and Performance Based Incentive Schemes (PLI) are expected to create robust demand for backup power in the manufacturing sector. Driven by supporting government policies such as: “Make in India”, Production Linked Incentives (PLI), aim to boost domestic manufacturing due to the urgent need for high voltage for power and electrical equipment. The country is also expected to witness the construction and location of data centers.
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