The growth of decentralised renewable energy and the increased dependency on battery storage are the two new challenges the diesel gensets manufactures are facing at present.
Expanding industry to surge DG set demand – 6Wresearch
In its new report, titled ‘India 5-30 Hp Diesel Engine Market (2018–2023)’, 6Wresearch estimates that this market is expected to witness substantial growth primarily due to high utilisation in agricultural and commercial sector. Vehicles, diesel pump and mini farm equipment such as tractor and power tiller remains the key revenue generating segments in 5-30 Hp diesel engine market.
Power is one of the most critical components of infrastructure and crucial for both economic growth and welfare of the nation. The existence and development of adequate infrastructure are essential for sustained growth of the Indian economy.
Future holds for variable speed DG sets
It has registered an overall improvement in efficiency terms in diesel engines. The improvement happened over a period of time. Now the fuel efficiency is much higher in comparison to what it was 10 years ago.
Light at end of tunnel
Diesel engines and generator sets industry has started seeing the light at the end of the tunnel in terms of demand growth. Diesel engines and generator sets (DG sets) industry
Gas based gensets to see demand pick-up
There is hardly any change in the demand for gensets in the country. We expect that in coming years, demand for gas-fuelled gensets will go up significantly as piped gas
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