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The generator industry is set to witness an appreciable momentum owing to growing demand for continuous & reliable power supply and increased stringency of environmental compliances toward energy efficiency. These gensets are gaining more prevalence and strategic importance to address unavoidable power deficits amongst several other alternative backup. In addition, flourishing real estate sector, increasing infrastructural investments, and surging dependency of businesses & industries on digitization and information technologies, is set to energize the business dynamics.
The generators are bifurcated into three types based on fuel, one that is powered by diesel and the other two include gas and hybrid powered systems. The ongoing innovations and stringent government norms are driving the demand for gas based generators across a wide multitude of applications. The residential, commercial and industrial are the key areas where these units are deployed over the years. The major market participants are focusing on strategic partnerships and investments in the R&D, indicating significant opportunities for the industry in the near term.
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