Indian portable generator market to reach $605.2 million by 2016

IRELAND: Research and Markets has announced the addition of the "Portable Generator Market in India 2012-2016" report to its offering.

One of the key factors contributing to this market growth is the increasing energy deficit in India. The Portable Generator market in India has also been witnessing the development of next-generation generators. However, the increasing threat from low-cost vendors could pose a challenge to the growth of this market.

The key vendors dominating this market space are Honda Siel Power Products Ltd, Birla Power Solutions Ltd, Bajaj Electricals Ltd, and Champ Energy Venture Pvt Ltd.

The other vendors mentioned in the report are Greaves Cotton Ltd, Pai Kane Group, Himalayan Power Machine Co., and Skyline Power Solutions.

An analyst from TechNavio's Engineering team said: ''The vendors in the portable generator market in India are developing next-generation generators to enhance their market presence. For instance, they are developing portable solar generators that use solar photovoltaic devices. Thus, the use of renewable energy helps in environmental sustainability as it avoids the emission of carbon and other greenhouse gases and pollutants into the environment. Vendors are developing such environmentally sustainable portable generators to enhance their market potential in the portable generator market in India.''

According to the report, the increasing concern on the energy deficit is one of the major drivers in the portable generator market in India. The increasing the gap between energy demand and supply has led to power shortages in the country. Complementing this is the increasing population and rapid urbanization. The energy deficit in the India figures is expected to grow every year. Therefore, the increasing power shortage in India leads to an increase in the demand for portable power generators among various end-users in India.

Further, the report reveals that the demand for portable generators from residential users and SMEs is slowing down due to the increasing cost of fuel.