Indian Diesel Generator Market is currently at the growth stage and the market is increasing at a double-digit CAGR owing to the demand for cost efficiency, personal attention, and upgradation in technology. But, are these factors strong enough for India to lead the development of India’s Diesel Generator Rental and Leasing Market? Let’s find out.
1. Advancement of manufacturing industry and rising demand for power for construction projects has augmented the demand for the Diesel Generator rental and leasing market in India
2. Currently, the India Diesel Generator Rental & Leasing sector is in the growth stage; demand for reliable and uninterrupted power supply driving the growth of the market
3. Further, Make in India, Atmanirbhar Bharat and Performance Based Government Incentive Schemes are working to create demand for backup power in the manufacturing sector
4. Indian government has approved a USD 3.53 billion PLI for the automotive sector as of September 2021
5. Owing to the growth in power outages & advancement in the manufacturing industry, India’s Diesel Genset sector is stipulated to project robust growth during the forthcoming years
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6. The country is prepared to lead DG rental & leasing development due to the adoption of glow plugs and heating elements & the durability feature it possess
7. However, there still remain some road blocks like strict environmental regulations, and increasing penetration of power grids & others in India diesel generator rental & leasing Market
8. But, Policies to limit emissions and growing foreign investments with technological advancement act as catalysts in driving the Indian diesel generator market and securing the future of the industry
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