India Diesel Genset Market is expected to reach USD 2.78 Billion by 2030 compared to 1.48 Billion by 2022. India is a rapidly growing economy that requires energy to achieve its long-term objectives. The electricity sector in India is one of the most diversified in the world, and it is experiencing a significant shift that is changing the industry's image. Diesel generator sets (gensets) are frequently utilized as backup power sources in homes and businesses in India. Diesel genset demand in India is being pushed by various causes, including frequent power outages, more electrification in rural regions, and a rising requirement for consistent power supply in various industries. As a result, the Indian diesel generator industry is fiercely competitive, with many domestic and foreign businesses offering various goods and services.India Diesel Genset Market is expected to reach USD 2.78 Billion by 2030
Given that the administration has spent the previous three years focusing on boosting the country's electrical supply while having a surplus in some instances, the rise in capacity is extraordinary. As a result, the country's power exchanges, or the spot market for energy, have been trading at lower costs than a few years ago. India's use of diesel generator sets (gensets) has expanded due to the country's growing energy demand and inconsistent power supply. According to this research report India Diesel Industry will grow with a CAGR of 8.20% from 2022 to 2030.
The rising trend can be attributed to several factors, such as:
- Power Outages: In India, power outages and blackouts are widespread, and diesel generators provide a stable backup power source.
- Rural Electrification: Many rural regions in India still lack electricity, and diesel generators provide a rapid and cost-effective alternative for power generation.
- Industrial Growth: India's industrial sector is expanding, and diesel generator sets provide a dependable electricity supply for factories, mines, and other large-scale operations.
- Commercial Use: Diesel generators are used in commercial buildings, shopping malls, hotels, and other companies that require a steady power source.Overall, the rising trend of diesel genset usage in India may be attributed to the country's expanding energy consumption, unstable power infrastructure, and the necessity for backup power solutions.
Indian Diesel Genset market is expected to be dominated by the Commercial Segment
India Diesel Genset market is classified into three types: Residential, Commercial, and Industrial. Due to the significant expansion in the service sector, which is likely to accelerate further over the forecast period, the commercial category is expected to be the largest market throughout the forecast period. Hospitals, Hotels, Restaurants, IT and Telecommunications Facilities, Banking, and Insurance are part of the service industry. The IT and business services market is one of the speediest service industries. According to the Government of India's India Brand Equity Foundation, the IT and business services industry is predicted to exceed USD 19.93 billion by 2025.Diesel generators are often used in healthcare facilities, notably hospitals, to reduce power outages. The Indian government intends to expand public health spending to 2.5% of the GDP by 2025. The government started the PM Ayushmaan Bharat Health Infrastructure Mission in October 2021, intending to create a crucial healthcare network across the country in the following four to five years.
Medium (75 to 375) Range KVA Diesel Generator has Good Growth Outlook
India Diesel Gensets sector is divided into three categories based on the KVA range: low, medium, and high. INDIA Medium KVA diesel generator sets have capacities ranging from 75 to 375 KVA. They are often utilized in commercial buildings, shopping malls, hotels, large-scale businesses, and data centers. Medium KVA diesel gensets provide dependable power and are an essential backup alternative for these establishments. They are chosen over low KVA diesel gensets because of their enhanced capacity and ability to handle larger power demand. The increasing use of diesel generators in India, particularly in medium KVA capacity, is due to the country's expanding energy demand and unstable power infrastructure.Low KVA diesel generator sets with a capacity of less than 75 KVA are prevalent in India. These generators are utilized in a variety of purposes, including backup power for families, small enterprises, rural electrification, and agriculture. They are inexpensive, simple to install and provide a dependable power source in places with intermittent power supply. Low KVA diesel gensets are popular backup power options due to their low cost, ease of operation, and mobility. They will be critical in supplying power to rural regions and small enterprises and addressing the country's rising energy demand in the coming years.
In the Indian Market, the Southern Region will have the most Significant Revenue Share
The Indian Diesel Gensets Market is divided into four regions: Eastern Region, Western Region, Southern Region, and Northern and Central Region. Karnataka, Andhra Pradesh, Kerala, Tamil Nadu, and Telangana are the states that makeup Southern India. Because of the region's expanding energy consumption and inconsistent power supply, diesel generator sets are commonly employed. Power outages, industrial expansion, commercial use, and rural electrification all contribute to the use of diesel generators in Southern India. Furthermore, due to the region's expanding energy consumption, unstable power system, and need for backup power solutions, diesel gensets is increasing in Southern India.Due to rising energy demand and an unstable power supply, diesel generator sets (gensets) are commonly utilized in Northern and Central India. Delhi, Haryana, Himachal Pradesh, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand are among the states represented. Diesel generators are utilized for backup power during power outages and in increasing industries and commercial buildings. They also provide a consistent source of electricity for rural electrification. The region's expanding energy consumption, unstable power system, and need for backup power solutions are driving the increased use of diesel gensets in Northern and Central India.
Key Company
The research offers a competitive landscape based on thoroughly examining the important strategic initiatives undertaken by significant market participants over the years. The main companies covered in the India Diesel Genset Market research report are Kirloskar Oil Engine, Mahindra & Mahindra Ltd, Ashok Leyland, Cummins India Ltd, Greaves Cotton Ltd, Caterpillar Inc., Escorts Limited, and Powerica Ltd.Caterpillar Inc. bought Tangent Energy Solutions, an energy-as-a-service (EaaS) firm located in the United States, in May 2022.
Mahindra Powerol opened a new manufacturing factory in March 2021 to produce the Perkins line of diesel generators. For the North Region of India, production handled by GOEM Perfect Generators Technology Pvt Ltd, Ghaziabad.This report titled “India Diesel Genset Market & Volume, Forecast by Kva Range Market and Volume (Low, Medium and High) End-User Market (Residential, Commercial and Industrial), Eastern and North Eastern Region Market (West Bengal, Odisha, Jharkhand and Others), Western Region Market (Gujarat, Maharashtra, and Others), Southern Region Market (Andhra Pradesh, Karnataka, Tamil Nadu, Telangana and Others), Northern and Central Region (Uttar Pradesh, Punjab, Haryana and Others), Company (Kirloskar Oil Engine, Mahindra & Mahindra Ltd, Ashok Leyland, Cummins India Ltd, Greaves Cotton Ltd, Caterpillar Inc., Escorts Limited, and Powerica Ltd.)” provides a complete analysis of India Diesel Genset industry.
India Diesel Genset Industry is breakup in 2 parts
- Market
- Volume
By Kva Range - India Diesel Genset Market and Volume been covered from 3 viewpoints
1. Low2. Medium
3. High
End Users - India Diesel Genset Market has been covered from 3 viewpoints
1. Residential2. Commercial
3. Industrial
Regions - India Diesel Genset Market has been covered from 4 viewpoints
1. Eastern Region2. Western Region
3. Southern Region
4. Northern & Central Region
Eastern and North Eastern Region Market has been covered from 4 viewpoints
1. West Bengal2. Odisha
3. Jharkhand
4. Others
Western Region Market has been covered from 3 viewpoints
1. Gujarat2. Maharashtra
3. Others
Southern Region Markethas been covered from 5 viewpoints
1. Andhra Pradesh2. Karnataka
3. Tamil Naidu
4. Telangana
5. Others
Northern and CentralRegion Market has been covered from 4 viewpoints
1. Uttar Pradesh2. Punjab
3. Haryana
4. Others
Company Analysis: All the companies have been studied from three points
- Overview
- Recent Developments
- Sales Analysis
Companies Covered
1. Kirloskar Oil Engine2. Mahindra & Mahindra Ltd
3. Ashok Leyland
4. Cummins India Ltd
5. Greaves Cotton Ltd
6. Caterpillar Inc.
7. Escorts Limited
8. Powerica Ltd.
Table of Contents
1. Introduction2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. PESTLE Analysis
5.1 Political
5.2 Economic
5.3 Social
5.4 Technological
5.5 Legal
5.6 Environmental
6. India Diesel Genset Market
7. India Diesel Genset Volume
8. Market Share - India Diesel Genset Analysis
8.1 By Kva Range
8.2 By End User
8.3 By Region
9. KVA Range- India Diesel Genset
9.1 Low KVA (0-75)
9.1.1 Market
9.1.2 Volume
9.2 Medium KVA (76-375)
9.2.1 Market
9.2.2 Volume
9.3 High KVA (Above 375)
9.3.1 Market
9.3.2 Volume
10. End User- India Diesel Genset Market
10.1 Residential
10.2 Commercial
10.3 Industrial
11. Region- India Diesel Genset Market
11.1 Eastern and North Eastern Region
11.1.1 West Bengal
11.1.2 Odisha
11.1.3 Jharkhand
11.1.4 Others
11.2 Western Region
11.2.1 Gujarat
11.2.2 Maharastra
11.2.3 Others
11.3 Southern Region
11.3.1 Andhra Pradesh
11.3.2 Karnataka
11.3.3 Tamil Nadu
11.3.4 Telangana
11.3.5 Others
11.4 Northern & Central Region
11.4.1 Uttar Pradesh
11.4.2 Punjab
11.4.3 Haryana
11.4.4 Others
12. Key Players Analysis
12.1 Kirloskar Oil Engines
12.1.1 Company overview
12.1.2 Sales Analysis
12.1.3 Recent Development
12.2 Mahindra & Mahindra Ltd.
12.2.1 Company overview
12.2.2 Sales Analysis
12.2.3 Recent Development
12.3 Ashok Leyland
12.3.1 Company overview
12.3.2 Sales Analysis
12.3.3 Recent Development
12.4 Cummins India Ltd.
12.4.1 Company overview
12.4.2 Sales Analysis
12.4.3 Recent Development
12.5 Greaves Cotton Ltd.
12.5.1 Company overview
12.5.2 Sales Analysis
12.5.3 Recent Development
12.6 Catterpillar Inc.
12.6.1 Company overview
12.6.2 Sales Analysis
12.6.3 Recent Development
12.7 Escorts Ltd.
12.7.1 Company overview
12.7.2 Sales Analysis
12.7.3 Recent Development
12.8 Powerica Ltd.
12.8.1 Company overview
12.8.2 Sales Analysis
12.8.3 Recent Development
List of Figures:
Figure 01: India - Diesel Genset Market (Million US$), 2018 - 2022
Figure 02: India - Forecast for Diesel Genset Market (Million US$), 2023 - 2030
Figure 03: India - Diesel Genset Volume (Units), 2018 - 2022
Figure 04: India - Forecast for Diesel Genset Volume (Units), 2023 - 2030
Figure 05: Low KVA (0-75) - Diesel Genset Market (Million US$), 2018 - 2022
Figure 06: Low KVA (0-75) - Forecast for Diesel Genset Market (Million US$), 2023 - 2030
Figure 07: Low KVA (0-75) - Diesel Genset Volume (Units), 2018 - 2022
Figure 08: Low KVA (0-75) - Forecast for Diesel Genset Volume (Units), 2023 - 2030
Figure 09: Medium KVA (76-375) - Diesel Genset Market (Million US$), 2018 - 2022
Figure 10: Medium KVA (76-375) - Forecast for Diesel Genset Market (Million US$), 2023 - 2030
Figure 11: Medium KVA (76-375) - Diesel Genset Volume (Units), 2018 - 2022
Figure 12: Medium KVA (76-375) - Forecast for Diesel Genset Volume (Units), 2023 - 2030
Figure 13: High KVA (Above 375) - Diesel Genset Market (Million US$), 2018 - 2022
Figure 14: High KVA (Above 375) - Forecast for Diesel Genset Market (Million US$), 2023 - 2030
Figure 15: High KVA (Above 375) - Diesel Genset Volume (Units), 2018 - 2022
Figure 16: High KVA (Above 375) - Forecast for Diesel Genset Volume (Units), 2023 - 2030
Figure 17: End User - Market (Million US$), 2018 - 2022
Figure 18: End User - Forecast for Market (Million US$), 2023 - 2030
Figure 19: End User - Market (Million US$), 2018 - 2022
Figure 20: End User - Forecast for Market (Million US$), 2023 - 2030
Figure 21: End User - Market (Million US$), 2018 - 2022
Figure 22: End User - Forecast for Market (Million US$), 2023 - 2030
Figure 23: Eastern and North Eastern Region - Market (Million US$), 2018 - 2022
Figure 24: Eastern and North Eastern Region - Forecast for Market (Million US$), 2023 - 2030
Figure 25: Eastern and North Eastern Region - West Bengal Diesel Genset Market (Million US$), 2018 - 2022
Figure 26: Eastern and North Eastern Region - Forecast for West Bengal Diesel Genset Market (Million US$), 2023 - 2030
Figure 27: Eastern and North Eastern Region - Odisha Diesel Genset Market (Million US$), 2018 - 2022
Figure 28: Eastern and North Eastern Region - Forecast for Odisha Diesel Genset Market (Million US$), 2023 - 2030
Figure 29: Eastern and North Eastern Region - Jharkhand Diesel Genset Market (Million US$), 2018 - 2022
Figure 30: Eastern and North Eastern Region - Forecast for Jharkhand Diesel Genset Market (Million US$), 2023 - 2030
Figure 31: Eastern and North Eastern Region - Others Diesel Genset Market (Million US$), 2018 - 2022
Figure 32: Eastern and North Eastern Region - Forecast for Others Diesel Genset Market (Million US$), 2023 - 2030
Figure 33: Western Region - Diesel Genset Market (Million US$), 2018 - 2022
Figure 34: Western Region - Forecast for Diesel Genset Market (Million US$), 2023 - 2030
Figure 35: Western Region - Gujarat Diesel Genset Market (Million US$), 2018 - 2022
Figure 36: Western Region - Forecast for Gujarat Diesel Genset Market (Million US$), 2023 - 2030
Figure 37: Western Region - Maharastra Diesel Genset Market (Million US$), 2018 - 2022
Figure 38: Western Region - Forecast for Maharastra Diesel Genset Market (Million US$), 2023 - 2030
Figure 39: Western Region - Others Diesel Genset Market (Million US$), 2018 - 2022
Figure 40: Western Region - Forecast for Others Diesel Genset Market (Million US$), 2023 - 2030
Figure 41: Southern Region - Diesel Genset Market (Million US$), 2018 - 2022
Figure 42: Southern Region - Forecast for Diesel Genset Market (Million US$), 2023 - 2030
Figure 43: Southern Region - Andhra Pradesh Diesel Genset Market (Million US$), 2018 - 2022
Figure 44: Southern Region - Forecast for Andhra Pradesh Diesel Genset Market (Million US$), 2023 - 2030
Figure 45: Southern Region - Karnataka Diesel Genset Market (Million US$), 2018 - 2022
Figure 46: Southern Region - Forecast for Karnataka Diesel Genset Market (Million US$), 2023 - 2030
Figure 47: Southern Region - Tamil Nadu Diesel Genset Market (Million US$), 2018 - 2022
Figure 48: Southern Region - Forecast for Tamil Nadu Diesel Genset Market (Million US$), 2023 - 2030
Figure 49: Southern Region - Telangana Diesel Genset Market (Million US$), 2018 - 2022
Figure 50: Southern Region - Forecast for Telangana Diesel Genset Market (Million US$), 2023 - 2030
Figure 51: Southern Region - Others Diesel Genset Market (Million US$), 2018 - 2022
Figure 52: Southern Region - Forecast for Others Diesel Genset Market (Million US$), 2023 - 2030
Figure 53: Northern & Central Region - Diesel Genset Market (Million US$), 2018 - 2022
Figure 54: Northern & Central Region - Forecast for Diesel Genset Market (Million US$), 2023 - 2030
Figure 55: Northern & Central Region - Uttar Pradesh Diesel Genset Market (Million US$), 2018 - 2022
Figure 56: Northern & Central Region - Forecast for Uttar Pradesh Diesel Genset Market (Million US$), 2023 - 2030
Figure 57: Northern & Central Region - Punjab Diesel Genset Market (Million US$), 2018 - 2022
Figure 58: Northern & Central Region - Forecast for Punjab Diesel Genset Market (Million US$), 2023 - 2030
Figure 59: Northern & Central Region - Haryana Diesel Genset Market (Million US$), 2018 - 2022
Figure 60: Northern & Central Region - Forecast for Haryana Diesel Genset Market (Million US$), 2023 - 2030
Figure 61: Northern & Central Region - Others Diesel Genset Market (Million US$), 2018 - 2022
Figure 62: Northern & Central Region - Forecast for Others Diesel Genset Market (Million US$), 2023 - 2030
Figure 63: Kirloskar Oil Engines - Global Revenue (Million US$), 2018 - 2022
Figure 64: Kirloskar Oil Engines - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 65: Mahindra & Mahindra Ltd. - Global Revenue (Million US$), 2018 - 2022
Figure 66: Mahindra & Mahindra Ltd. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 67: Ashok Leyland - Global Revenue (Million US$), 2018 - 2022
Figure 68: Ashok Leyland - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 69: Cummins India Ltd. - Global Revenue (Million US$), 2018 - 2022
Figure 70: Cummins India Ltd. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 71: Greaves Cotton Ltd. - Global Revenue (Million US$), 2018 - 2022
Figure 72: Greaves Cotton Ltd. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 73: Catterpillar Inc. - Global Revenue (Million US$), 2018 - 2022
Figure 74: Catterpillar Inc. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 75: Escorts Ltd. - Global Revenue (Million US$), 2018 - 2022
Figure 76: Escorts Ltd. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 77: Powerica Ltd. - Global Revenue (Million US$), 2018 - 2022
Figure 78: Powerica Ltd. - Forecast for Global Revenue (Million US$), 2023 - 2030
List of Tables:
Table 01: India - Diesel Genset Market Share by Kva Range (Percent), 2018 - 2022
Table 02: India - Forecast for Diesel Genset Market Share by Kva Range (Percent), 2023 - 2030
Table 03: India - Diesel Genset Market Share by End User (Percent), 2018 - 2022
Table 04: India - Forecast for Diesel Genset Market Share by End User (Percent), 2023 - 2030
Table 05: India - Diesel Genset Market Share by Region (Percent), 2018 - 2022
Table 06: India - Forecast for Diesel Genset Market Share by Region (Percent), 2023 - 2030
Companies Mentioned
- Kirloskar Oil Engine
- Mahindra & Mahindra Ltd
- Ashok Leyland
- Cummins India Ltd
- Greaves Cotton Ltd
- Caterpillar Inc.
- Escorts Limited
- Powerica Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.48 Billion |
| Forecasted Market Value ( USD | $ 2.78 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | India |
| No. of Companies Mentioned | 8 |
