India Diesel Genset Market Latest Development (2023)

The India Diesel Genset Market is developing and witnessing a faster growth in demand owing to the rising requirement for cost-effective as well as reliable power backup solutions. The government of the country is continuously focusing on developing infrastructure, encouraging investments in green technologies, and promoting renewable energy sources. These factors, in turn, are supporting the development of the sector in the country in an effortless manner. The government of the country is focusing on providing reliable and affordable solutions to people. Manufacturers in this sector are concentrating on introducing technologically advanced products with lower noise levels, enhanced fuel efficiency, and reduced emissions in order to meet the diverse requirements of customers.

The government and manufacturers focus on the development of greener diesel generators with emission control systems like selective catalytic reduction (SCR). Technological advancements are supporting the sector by making it more efficient and advanced. Automated start-stop systems are one such technological advancement supporting the development of the Diesel Genset Market in India. Key players in the sector are focusing on offering products with the potential to provide high-density power that can leave a minimum footprint. The rising trends in renewable energy sources due to growing environmental concerns are adding to the sector’s development.

India Diesel Genset Market Highlights

Report Name	India Diesel Genset Market
Base Year	2018
Historical Period	2012-2018
Forecast Period	2019-2025
Market size value in 2021	XXXX
Revenue forecast in 2028	XXXX
Growth rate	XXXX
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By kVA Ratings, By Applications, By Regions
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

India Diesel Genset Market Synopsis

India Diesel Genset market is an essential part of the Asia Pacific Diesel Genset Market and the sector is continuously gaining success owing to the essential role it plays. Diesel Genset has become a key source of power in the construction of modern infrastructure. Genset is also deployed providing backup power across multiple application areas The sector is anticipated to register substantial growth over the forecast period. The rising demand for continuous power supply backed by growing power outages is driving the market growth. Moreover, the booming transportation systems are also fueling the market growth. 

According to 6Wresearch, India Diesel Genset Market Size is projected to grow at a CAGR of 5.6% during 2019-2025. Diesel gensets are highly efficient as compared to petrol or gasoline gensets, and it results in lower fuel costs. Diesel Genset also emits fewer greenhouse gases and other pollutants, which makes them an environment-friendly option. In addition, diesel gensets are more durable and need less maintenance as compared to other kinds of gensets. The remarkable evolvement of this sector has been driven by growing energy demand and a rising economy, as well as a rise in awareness about the significance of energy reliability.

The growing development of infrastructure coupled with the establishment of manufacturing sectors is one major factor stimulating the India Diesel Genset Market Growth. Furthermore, the rising population in the country, rising disposable incomes of people, and growing demand for uninterrupted and reliable power supply are also contributing to the growth of the industry. These growth factors are contributing to the India Diesel Genset Market share. However, the growing penetration to decrease carbon emissions is leading to the adoption of gas Gensets and it is further constraining the India Diesel Genset Industry. The growing shift towards gas Genset due to the decrease in carbon footprints is also amongst the major factors restraining the growth of this industry.

Market Analysis By Region

Based on regions, the Southern region held the highest revenue share in the overall India Diesel Genset market. In the sector, the Northern region is anticipated to witness a massive rise in demand for diesel Genset in the years to come on account of upcoming large-scale infrastructure projects like the Delhi Metro expansion, as well as Lucknow Metro. The growing number of Data centres in the nation backed by the rising requirement for reliable power supply is stimulating market growth. 

Market Analysis By KVA Ratings

In terms of KVA rating, the 5 kVA-75 kVA rating segment accounts for huge growth in the country and Global Diesel Genset Market owing to their wide usage across multiple applications, low cost, and ease of availability. Rising utilization of lower rating Gensets across applications like telecom infrastructure in off-grid and unreliable areas would aid the 5 kVA-75 kVA segment to sustain its dominance over the forecast period. Rising demand for many applications like commercial complexes, residential facilities, and small industries, are also fueling the industry growth. Furthermore, the rising development of the construction market and infrastructure is also boosting market growth. 

Market Analysis By Verticals

Based on verticals, the Diesel Genset Market in India is segmented into Commercial (Retail, Commercial Offices, Telecom, Hospitals, Hotels, BFSI, Transportation, And Others), Industrial (Manufacturing, Energy, And Others), And Residential. The commercial segment is accounted to be the largest segment in the sector over the forecast period, owing to the rise in demand for diesel Genset from commercial sites like malls, shops, theatres, complexes, and other applications. 

Market Analysis By Application

Based on application, the commercial segment in the India Diesel Genset Industry is likely to account for the highest share in the coming years. The rising expansion of data centres and the growing requirement for power backup alternatives to neglect hindrances in operation during power failure are stimulating the growth of the market. Furthermore, these generators are deployed in the healthcare sector to avoid power supply irregularity. The growing penetration of the government in order to expand the commercial sector of the country is contributing to market growth.  

Key Players of The Market

Some of the key players active in the market are:

Cummins India is a subsidiary of Cummins Inc., a global power leader in engines, generators, and related technologies. This company offer multifarious diesel gensets for several applications which include industrial, residential, and commercial. Kirloskar Oil Engines is a leading manufacturer of diesel engines and gensets in India. They offer a range of products for various industries such as construction and power generation. Mahindra Powerol is a subsidiary of the Mahindra Group, a diversified conglomerate with a presence in various sectors such as automotive, agriculture, and construction. 

JCB India is a subsidiary of JCB, a global construction equipment manufacturer. They offer a range of diesel gensets basically for construction and power generation. Ashok Leyland is a primary manufacturer of commercial vehicles and engines in India. Some other notable key players operating in the market are Caterpillar, Generac, Kohler, and Briggs & Stratton. These companies offer an assortment of diesel generators for a variety of applications.

Markets Covered

India Diesel Genset Market report provides a detailed analysis of the following market segments:

By kVA Ratings

• 5 kVA-75 kVA
• 1000.1 kVA-2000 kVA
• Above 2000 kVA
• 75.1 kVA-375 kVA
• 375.1 kVA-750 kVA
• 750.1 kVA-1000 kVA

By Applications

Residential

Commercial

              ■ Retail

              ■ Commercial Offices

              ■ Telecom

              ■ Hospitals

              ■ Hotels

              ■ BFSI

              ■ Transportation

              ■ Others (Education, Defence, etc.)

    o Industrial

              ■ Manufacturing

              ■ Energy

              ■ Others (Mining, Pharma, Chemical)

By Regions

• Northern
• Western
• Southern
• North Eastern
• Eastern

By the Key States

• Tamil Nadu
• Andhra Pradesh
• Uttar Pradesh
• Delhi
• Haryana
• Telangana
• Karnataka
• Maharashtra
• Gujarat
• Bihar

Frequently Asked Questions About the Market Study: FAQs

1. How much development is anticipated in India Diesel Genset Market over the forecast period?

India Diesel Genset Market is anticipated to grow at a CAGR of 5.6% during 2019-2025. 

2. Which kVA Rating segment is likely to generate a huge share in the overall India Diesel Genset Market?

5 kVA-75 kVA is gaining traction in the overall India Diesel Genset Market during the upcoming years. 

3. Which region is accounted for the highest share of India Diesel Genset Market?

Southern Region accounted for the highest revenue share in the overall market growth. 

4. Which region is anticipated to grow over the forecast period?

The northern region is expected to register significant growth in the forthcoming period. 

5. What factors are stimulating the growth of the India Diesel Genset Market?

Rising power outages, strengthening of the construction sector, and growing demand for reliable and uninterrupted power supply are some of the factors driving the India Diesel Genset Market Growth.