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India Diesel Genset Market by Power Rating, by Application, By State Market Size, Share, Development, Growth, and Demand Forecast, 2014-2024

  • ID: 4770546
  • Report
  • March 2019
  • Region: India
  • 92 pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • Ashok Leyland Limited
  • Caterpillar Inc.
  • Cummins India Ltd.
  • Greaves Cotton Limited
  • Mahindra Powerol Ltd.
  • MORE
The Indian diesel genset market is expected to generate a revenue of $1,518.1 million by 2024, progressing at a CAGR of 6.5% during the forecast period (2019-2024), According to this research. The major factors driving the growth of the market are increasing demand for these gensets in construction, manufacturing, and commercial projects. In addition, the expansion of the construction sector is likely to push the demand for these gensets to meet the prime and compounded auxiliary power requirements, resulting in the market growth.

The market is segmented by application, state, and power rating. Based on power rating, the Indian diesel genset market is divided into above 750 kVA, 376 kVA-750 kVA, 76 kVA-375 kVA, and 5 kVA-75 kVA. Out of these, during the historical period, the 5KVA-75KVA division held the largest volume share in the market. Due to the surging demand from telecom towers, small commercial complexes, hotels, residential installations, and other low-power requirement spaces, the market for this category is predicted to grow in the forecast period.

Telecom towers are projected to create the highest demand in the diesel genset market in India. In 2018, telecom towers registered a volume share of more than 51.0% in the Indian commercial diesel genset sector. This is ascribed to the heavy requirement for gensets to produce auxiliary and prime power in telecom towers. Investments in the telecom sector and increasing installation rate of telecom towers to offer data and voice coverage in remote locations across the country are expected to drive the demand for diesel gensets in the telecom sector.

On the basis of end user, the diesel genset market in India is categorized into industrial, commercial, and residential. Among these, in 2018, the commercial category dominated the market with a revenue share of more than 60.0%. Furthermore, the growth of the hospitality, healthcare, telecommunications, and retail industries is anticipated to escalate the demand for gensets in the commercial sector in the forecast period. Diesel gensets are majorly used at construction sites as the primary and backup power sources. Thus, these are anticipated to remain high in demand in the forecast period, particularly those that come under the medium and high-power categories.

The major key players in the Indian diesel genset market are Ashok Leyland Limited, Kirloskar Oil Engines Limited, Mahindra Powerol Ltd., VE Commercial Vehicles Limited, Cummins India Ltd., Greaves Cotton Limited, and Caterpillar Inc. Among all these, Cummins India Ltd., a subsidiary of the Cummins Group, in 2018, held the largest revenue share in the market, of more than 35.0% This is mainly attributed to the company’s large product portfolio, backed by huge sales volume in the medium and high-power genset categories, and wide distribution network.

INDIA DIESEL GENSET MARKET SEGMENTATION

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
  • Commercial offices
  • Telecom towers
  • Hospitals
  • Hotels
  • Others
  • By power rating
  • 5 kVA-75 kVA
  • 76 kVA-375 kVA
  • 376 kVA-750 kVA
  • Above 750 kVA
  • Industrial
  • By user
  • Manufacturing
  • Energy & power
  • Others
  • 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 of India
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ashok Leyland Limited
  • Caterpillar Inc.
  • Cummins India Ltd.
  • Greaves Cotton Limited
  • Mahindra Powerol Ltd.
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Power Rating
1.3.2 Market Segmentation by Application
1.3.3 Market Segmentation by State
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.3.5.2 Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Power Rating
4.1.1.1 5 kVA-75 kVA
4.1.1.2 76 kVA-375 kVA
4.1.1.3 376 kVA-750 kVA
4.1.1.4 Above 750 kVA
4.1.2 By Application
4.1.2.1 Commercial
4.1.2.1.1 Retail establishments
4.1.2.1.2 Commercial offices
4.1.2.1.3 Telecom towers
4.1.2.1.4 Hospitals
4.1.2.1.5 Hotels
4.1.2.1.6 Others
4.1.2.2 Industrial
4.1.2.2.1 Manufacturing
4.1.2.2.2 Energy and power
4.1.2.2.3 Others
4.1.2.3 Residential
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Implementation of stringent regulations to curb emissions
4.3.2 Drivers
4.3.2.1 Growth in the manufacturing industry
4.3.2.2 Demand of power for commercial applications in construction projects
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Detrimental environmental impact and carcinogenic nature of diesel engine exhausts
4.3.3.2 Growing penetration of electricity grids
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Adoption of PV-diesel hybrid systems
4.4 Regulation Analysis
4.4.1 Emission Limits for Diesel Gensets of Power Rating Up To 800 kW
4.4.2 Noise Limits for Diesel Gensets
4.4.2.1 Noise limits for diesel gensets (power rating up to 1,000 kVA) manufactured on or after 1 January 2005
4.4.2.2 Noise limits for diesel gensets that do not meet the aforementioned criterion
4.4.3 Certification of Diesel Gensets
4.4.3.1 Requirements for the certification of diesel gensets
4.4.3.2 Nodal agencies and authorized agencies

Chapter 5. India Market Size and Forecast
5.1 By Power Rating
5.2 By Application
5.2.1 Commercial Application
5.2.1.1 By user
5.2.1.2 By power rating
5.2.2 Industrial Application
5.2.2.1 By user
5.2.2.2 By power rating
5.3 By State

Chapter 6. Competitive Landscape
6.1 Market Share Analysis of Key Players
6.2 Competitive Benchmarking of Key Players
6.3 Diesel Genset Offerings of Key Players
6.4 Strategic Developments of Key Players
6.4.1 Product Launches
6.4.2 Other Developments

Chapter 7. Company Profile
7.1 Kirloskar Oil Engines Limited
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.1.3 Key Financial Summary
7.2 Ashok Leyland Limited
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.2.3 Key Financial Summary
7.3 Greaves Cotton Limited
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.3.3 Key Financial Summary
7.4 VE Commercial Vehicles Limited
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 Mahindra Powerol Ltd.
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 Cummins India Ltd.
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.6.3 Key Financial Summary
7.7 Caterpillar Inc.
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.7.3 Key Financial Summary

Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 EMISSION LIMITS FOR DIESEL GENSETS OF POWER RATING UP TO 800 KW
TABLE 5 INDIA DIESEL GENSET MARKET, BY POWER RATING, UNITS (2014-2018)
TABLE 6 INDIA DIESEL GENSET MARKET, BY POWER RATING, UNITS (2019-2024)
TABLE 7 INDIA DIESEL GENSET MARKET, BY POWER RATING, $M (2014-2018)
TABLE 8 INDIA DIESEL GENSET MARKET, BY POWER RATING, $M (2019-2024)
TABLE 9 INDIA DIESEL GENSET MARKET, BY APPLICATION, UNITS (2014-2018)
TABLE 10 INDIA DIESEL GENSET MARKET, BY APPLICATION, UNITS (2019-2024)
TABLE 11 INDIA DIESEL GENSET MARKET, BY APPLICATION, $M (2014-2018)
TABLE 12 INDIA DIESEL GENSET MARKET, BY APPLICATION, $M (2019-2024)
TABLE 13 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, UNITS (2014-2018)
TABLE 14 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, UNITS (2019-2024)
TABLE 15 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2014-2018)
TABLE 16 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2019-2024)
TABLE 17 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, UNITS (2014-2018)
TABLE 18 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, UNITS (2019-2024)
TABLE 19 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, $M (2014-2018)
TABLE 20 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, $M (2019-2024)
TABLE 21 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, UNITS (2014-2018)
TABLE 22 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, UNITS (2019-2024)
TABLE 23 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2014-2018)
TABLE 24 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2019-2024)
TABLE 25 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, UNITS (2014-2024)
TABLE 26 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, UNITS (2014-2018)
TABLE 27 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, UNITS (2019-2024)
TABLE 28 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, $M (2014-2018)
TABLE 29 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, $M (2019-2024)
TABLE 30 INDIA DIESEL GENSET MARKET, BY STATE, UNITS (2014-2018)
TABLE 31 INDIA DIESEL GENSET MARKET, BY STATE, UNITS (2019-2024)
TABLE 32 INDIA DIESEL GENSET MARKET, BY STATE, $M (2014-2018)
TABLE 33 INDIA DIESEL GENSET MARKET, BY STATE, $M (2019-2024)
TABLE 34 BENCHMARKING OF KEY PLAYERS
TABLE 35 KIRLOSKAR OIL ENGINES LIMITED - AT A GLANCE
TABLE 36 KIRLOSKAR OIL ENGINES LIMITED - KEY FINANCIAL SUMMARY
TABLE 37 ASHOK LEYLAND LIMITED - AT A GLANCE
TABLE 38 ASHOK LEYLAND LIMITED - KEY FINANCIAL SUMMARY
TABLE 39 GREAVES COTTON LIMITED - AT A GLANCE
TABLE 40 GREAVES COTTON LIMITED - KEY FINANCIAL SUMMARY
TABLE 41 VE COMMERCIAL VEHICLES LIMITED - AT A GLANCE
TABLE 42 MAHINDRA POWEROL LTD. - AT A GLANCE
TABLE 43 CUMMINS INDIA LTD. - AT A GLANCE
TABLE 44 CUMMINS INDIA LTD. - KEY FINANCIAL SUMMARY
TABLE 45 CATERPILLAR INC. - AT A GLANCE
TABLE 46 CATERPILLAR INC. - KEY FINANCIAL SUMMARY

List of Figures
FIG 1 RESEARCH scope
FIG 2 RESEARCH methodology
FIG 3 breakdown of primary research by industry participant
FIG 4 breakdown of primary research by company type
FIG 5 data triangulation approach
FIG 6 INDIA DIESEL GENSET MARKET SUMMARY
FIG 7 INDIA DIESEL GENSET market snapshot
FIG 8 INDIA DIESEL GENSET Market, by POWER RATING, UNITS (2014-2024)
FIG 9 INDIA DIESEL GENSET Market, by application, UNITS (2014-2024)
FIG 10 INDIA DIESEL GENSET Market for COMMERCIAL Application, By USER, UNITS (2014-2024)
FIG 11 INDIA DIESEL GENSET Market FOR COMMERCIAL APPLICATION, by POWER RATING, UNITS (2014-2024)
FIG 12 INDIA DIESEL GENSET Market for INDUSTRIAL Application, By USER, UNITS (2014-2024)
FIG 13 INDIA DIESEL GENSET Market FOR industrial APPLICATION, by POWER RATING, UNITS (2014-2024)
FIG 14 INDIA DIESEL GENSET Market, by STATE, UNITS (2014-2024)
FIG 15 INDIA DIESEL GENSET market share of Key players (2018)
FIG 16 Diesel Genset Offerings of Key players
FIG 17 KIRLOSKAR OIL ENGINES LIMITED - Revenue split by PRODUCT (2017)
FIG 18 Ashok Leyland Limited - Revenue split by SEGMENT (2017)
FIG 19 Greaves Cotton Limited - Revenue split by segment AND GEOGRAPHY (2017)
FIG 20 CUMMINS INDIA LTd. - Revenue split by PRODUCT (2017)
FIG 21 CATERPILLAR INC. - Revenue split by SEGMENT AND GEOGRAPHY (2017)
Note: Product cover images may vary from those shown
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  • Kirloskar Oil Engines Limited
  • Ashok Leyland Limited
  • Greaves Cotton Limited
  • VE Commercial Vehicles Limited
  • Mahindra Powerol Ltd.
  • Cummins India Ltd.
  • Caterpillar Inc.
Note: Product cover images may vary from those shown
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