Market Forecast By KVA Rating (5 KVA-75 KVA, 75.1 KVA-375 KVA, 375.1 KVA-750 KVA, 750.1 KVA-1000 KVA And Above 1000 KVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Regions (Eastern, Northern, Western And Southern) And Competitive Landscape
According to 6Wresearch, Sri Lanka Diesel Genset Market size is projected to witness growth during the forecast period 2020-26F. Although majority of the population of the country has access to electricity, with Sri Lanka’s electrification rate being almost 100 percent, there are still certain up gradations to be made pertaining to the power sector in the country. Also, accelerating demand projections for increased power capacity along with a gradual shift towards renewable energy are anticipated to benefit the growth of the Sri Lanka diesel Genset market in the upcoming six years. However, policy regulations and lack of foreign direct investments (FDIs) in the power sector may hamper the growth of Sri Lanka diesel Genset market growth in the coming years.
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