India Diesel Genset Market is projected to reach US$ 2.78 Billion by 2030, propelled by the increasing manufacturing and commercial sectors as well as the growing need for dependable and continuous power supply
06 Jun, 2023

Renub Research has recently released a report named "India Diesel Genset Market, Size, Forecast 2023-2030, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" providing a detailed industry analysis that consists of market share insights. In addition, the report covers research on competitors and areas and current advancements in the India Diesel Genset Market. India Diesel Genset Market will expand at a CAGR of 8.20% from 2022-2030. While India grapples with challenges in its power sector, such as providing widespread, uninterrupted, and reliable grid supply, diesel generator sets have emerged as crucial backup power sources in key sectors like agriculture, construction, industry, households, and other commercial applications.

Despite diesel being more expensive on a per-kilowatt-hour basis, the ease of installation and operation, minimal space requirements, and widespread availability in the market make diesel generator sets a preferred choice. The rising focus on renewable energy sources like solar and wind power has led to the development of hybrid gensets, which combine diesel gensets with renewable energy sources to provide more efficient and eco-friendly power solutions. Several companies in the Indian diesel genset market, such as Kirloskar Oil Engines Ltd. and Greaves Cotton Ltd., have recently launched hybrid gensets.

The growth of the Indian diesel genset market is due to various factors, such as the need for consistent and uninterrupted power supply, especially in areas with frequent power outages. In addition, the expanding manufacturing and commercial sectors and the rising demand for power backup solutions in the telecom and healthcare industries are also fuelling the India diesel genset market growth.

The Government of India has implemented regulations to address concerns regarding fuel efficiency and emissions from diesel generator sets. Some of these regulations have been in place for over a decade. However, it is imperative to assess the effectiveness and sufficiency of these regulations given the current technological landscape and the increasing emphasis on environmental protection. The demand for diesel gensets is driven by the government's initiatives to provide electricity access to rural areas and the growth of construction activities in the infrastructure sector.

Additionally, initiatives such as the "Power for All" program, the Union Budget 2022 initiatives aimed at boosting healthcare, telecommunications, railways, new inventions, the "Make in India" campaign, and the AatmaNirbhar Bharat program are also contributing to the expansion of the Indian diesel genset market. However, the increasing environmental concerns, stringent emission norms, and the rising popularity of alternative energy sources such as solar and wind power limit India's diesel gensets market.

Report Details:

Growth of medium-range KVA diesel gensets in India is propelled by the need for reliable backup power

The demand for medium-range KVA diesel gensets in India is driven by the need for reliable backup power, particularly in rural areas experiencing frequent power outages and critical sectors such as hospitality and healthcare, where uninterrupted operations are crucial. The medium KVA range market refers to the demand for gensets with a power output ranging from 100 KVA to 1000 KVA, and diesel gensets are often utilized as backup power sources in these sectors to provide continuous power supply to critical applications like air conditioning, medical equipment, and lighting.

KVA Range - India Diesel Genset Market and Volume has been covered from 3 viewpoints

1.    Low
2.    Medium
3.    High

Indian Diesel Gensets is thriving in commercial use due to their cost-effectiveness and the need for reliable backup power

Commercial establishments often choose diesel gensets as a cost-effective and reliable backup power source due to their high-power output and lower initial investment cost than other options like batteries or solar panels; this is especially relevant in India's manufacturing sector, which has a high energy demand and relies on the uninterrupted power supply. Therefore, manufacturing plants, hospitals, hotels, and shopping malls frequently employ diesel gensets as backup power sources.

End Users – India Diesel Genset Market has been engulfed from 3 viewpoints

1.    Residential
2.    Commercial
3.    Industrial

Southern region will capture the highest growth rate in the Indian diesel genset market

The southern region of India is experiencing significant growth in several industries, such as IT, telecom, manufacturing, and construction. These industries require a reliable backup power source to ensure uninterrupted operations, which has increased demand for diesel gensets in commercial establishments. For example, IT and telecom companies need to maintain a continuous power supply for their critical operations, and the manufacturing sector requires stable and reliable power to run heavy machinery. Additionally, the construction industry needs a dependable power source for their construction sites. Hence, the growth of these industries in the southern region of India has driven the demand for diesel gensets as a backup power solution.

Regions – India Diesel Genset Market has been sheltered from 4 viewpoints

1.    Eastern Region
2.    Western Region
3.    Southern Region
4.    Northern & Central Region

Competitive Landscape

Some notable contenders in the Indian diesel genset market are Kirloskar Oil Engine, Mahindra & Mahindra Ltd., Ashok Leyland, Cummins India Ltd., Greaves Cotton Ltd., Caterpillar Inc., Escorts Limited, and Powerica Ltd.

All the companies have been surveyed from 3 viewpoints.

•    Overview
•    Recent Developments
•    Sales Analysis

Company Analysis.

1.    Kirloskar Oil Engine
2.    Mahindra & Mahindra Ltd
3.    Ashok Leyland
4.    Cummins India Ltd
5.    Greaves Cotton Ltd
6.    Caterpillar Inc.
7.    Escorts Limited
8.    Powerica Ltd.