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Indian Diesel Generator Set Market To Grow At Over 8% Through This Decade

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Indian Diesel Generator Set Market To Grow At Over 8% Through This Decade

January 18
12:52 2023
Indian Diesel Generator Set Market To Grow At Over 8% Through This Decade
In the country, Uttar Pradesh accounts for the largest share because of the wide adoption of these generator set in the commercial and residential sectors, growth in the count of construction projects, and high demand for low-power diesel gensets at the telecom towers in the state.

The size of the Indian diesel generator set market was USD 937.1 million in 2022, and it will advance at a rate of 8.8% in the years to come, to reach USD 1,839.5 million by 2030, as per P&S Intelligence.

5 kVA–75 kVA category had the largest volume share in the recent past, which is credited to the low upkeep cost and easy obtainability of the spare parts of these variants all over India. Furthermore, the economic growth in the nation and the increase in the count of construction projects will result in a high requirement for these gensets for meeting major and auxiliary power requirements.

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The commercial category will grow the fastest in the future, at a rate of about 10%. These systems offer an uninterrupted supply of power, to keep operations going and diminish any loss of revenue. The increasing requirement for power backup at shopping malls and supplementary public spaces and the quick development of data centers help the industry to grow.

The residential category had the largest share of revenue in the Indian diesel generators market. This has a lot to do with the increasing requirement for prime and backup power in residential facilities. Fundamentally, the growth of this category is complemented by the fast construction of residential construction.

In India, Karnataka will grow at the fastest rate of, over 10%, credited to the growing investments in the telecom industry, rampant expansion of commercial infra, and increasing requirement for prime and backup power in residential units.

Telecom towers will dominate the industry in the years to come, under commercial applications, because of the current investments in the telecom industry to improve rural and urban connectivity, for meeting the requirements of an growing subscriber base. This is driving the installation of telecom towers all over the country, which, in turn, is resulting in the growing requirement for diesel gensets.

The manufacturing category will be the largest in the years to come because of the increasing requirement of large-scale and small-scale manufacturing companies for small and medium-sized gensets. In the future, fiscal initiatives and policies, along with FDIs and the developments in the transportation and logistics network, will drive the growth of the Indian manufacturing industry and, in the procedure, offer impetus to the requirement for diesel gensets.

Browse detailed report on India Diesel Genset Market Size, Growth, Development and Demand Forecast to 2030

India, recently, has observed high economic growth, furthermore to the commencement of numerous construction projects, such as, roads, buildings, ports, highways and refineries, by both private and public players. Also, support of the government has amplified, in terms of budgetary allocations and regulatory reforms, for infra projects, which is opening new sectors to private investments and involvements.

It is because of the increasing number of construction projects, the demand for diesel gensets in India will increase significantly in the future.

India DG Set Market Size Breakdown by Segment

By Power Rating

  • 5 kVA–75 kVA
  • 76 kVA–375 kVA
  • 376 kVA–750 kVA
  • Above 750 kVA

By Application

  • Commercial
    • By user
      • Retail establishments
      • Offices
      • Telecom towers
      • Hospitals
      • Hotels
    • By power rating
      • 5 kVA–75 kVA
      • 76 kVA–375 kVA
      • 376 kVA–750 kVA
      • Above 750 kVA
  • Industrial
    • By user
      • Manufacturing
      • Energy & power
    • By power rating
      • 5 kVA–75 kVA
      • 76 kVA–375 kVA
      • 376 kVA–750 kVA
      • Above 750 kVA
  • Residential

By State

  • Tamil Nadu
  • Andhra Pradesh
  • Karnataka
  • Maharashtra
  • Uttar Pradesh
  • Madhya Pradesh
  • Rajasthan
  • West Bengal
  • Gujarat
  • Rest

Browse more related reports P&S

India Prime Power Diesel Generator Set Market – The Indian prime power diesel generators market is being driven by the increasing infrastructure expenditures and a substantial power deficit. Because of these factors, the market is projected to reach $356.3 million in 2030 from $143.6 million in 2021, at a CAGR of 10.6% from 2021 to 2030. The commercial sector has a strong need for medium- and high-power diesel gensets. Similarly, the substantial expansion in the manufacturing and construction industries is likely to fuel market growth.

India Residential Diesel Generators Market – The Indian residential diesel genset market will grow at a CAGR of 7.1% during 2020–2030, due to the increasing construction of residential units and the surging need for hybrid, inverter-based, and bi-fuel generators. In addition, the rising incidence of power cuts in the country will also attribute to the market growth in the coming years. According to P&S Intelligence, the industry was valued at $91.3 million in 2020, and it will generate $184.9 million revenue by 2030.

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