India Diesel Genset Market to reach $1,517.8 million by 2025
Huge demand for power resources, booming investments in industrial infrastructure, and rising production & construction projects drive diesel gensets market growth in India during the forecast period.
India’s electricity utilization heightened by 6.6% in 2018. Expanding urbanization, Burgeoning infrastructure, poor distribution & transmission systems, and inadequate power supply in the 2, 3-tier cities and villages are the prime aspects sustaining the diesel gensets market gain in India. Except for metropolitan cities, the electricity circulation pattern is unsteady because of longer distances between consumers and the power grid. Also, India is still not shifted to renewable energy resources to fulfill its energy needs compared to other developed countries.
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Telecom towers are anticipated to accomplish the maximum demand for diesel gensets in the Indian market
Telecom is the 2nd largest industry in India. The need for diesel generators in telecom towers is expected for the largest share of over 49.3% in the commercial diesel genset segment in 2019. Additionally, the demand is directed by massive investments in the telecom industry and expanding telecom tower installation to offer quality voice and high-speed data coverage fulfillment in remote locations in the nation.
Furthermore, Electricity gridlines are not interlaced and commonly return in the weak or poor power procure. By 2026, India’s construction industry is anticipated to reach $ 1,021 billion and turn into the 3rd greatest construction market globally. With the predictable rise in construction projects, the use of electrical components in irrigation (farming) across the nation, and the development of high-rise buildings, the need for diesel gensets is expected to increase exponentially in the future. Auto Start system getting attention in small and medium diesel gen-sets in the segment.
In terms of kVA Ratings, Diesel gensets range from 5 kVA – 75 kVA and generate maximum revenues, due to their easy availability, low cost, and comprehensive usage across various sectors. The government also provides subsidies for agriculture purposes booting the sales of Diesel Genset in the Indian Market. Where, Medium and Higher KVA rating generators are majorly used in commercial, industrial, hospitality, retail, and other considerable sectors which would report good growth owing to enlargement in these segments and to provide power backup solutions exclusively.
By Region, the South Region holds the maximum revenue share owing to the large-scale construction of corporate buildings, malls, and other buildings in metro cities like Bengaluru, Chennai, Hyderabad, Trivandrumpuram, and Vishakhapatnam. However, the north region is expected to achieve a huge growth rate due to the rise in industrial infrastructure expansion in the region such as the Agra Metro Project, Kanpur Metro Project, and Meerut High-Speed Metro Extension.
Based on States, the market is segmented into Andhra Pradesh, Gujarat, Madhya Pradesh, Maharashtra, Karnataka, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal, and Rest of India. In 2019, the considerable demand for gensets is approximated to be provoked from Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Tamil Nadu, and Uttar Pradesh.
India Diesel Genset Market By States (2019-2025)
Key players in the Indian Diesel Genset Market are Ashok Leyland Ltd., Caterpillar, Cummins India Limited, Escorts Ltd., Mahindra Powerol Limited, VE Commercial Vehicles Limited, and Kohler India Corporation Pvt Ltd.
The report provides an comprehensive analysis with 103 pages, 48 tables, 23 figures, and Table of Contents on “India Diesel Genset Market (2019-2025): By KVA Rating (5KVA-75KVA, 75.1KVA-375KVA, 375.1KVA-750KVA, 750.1KVA-1,000KVA, 1,000.1KVA-2,000KVA, And Above 2,000KVA), By Application (Commercial [Commercial Buildings, Hospitals, Hotels, Retail, Telecom Towers, Remote Tourist Places], Industrial [Energy & Power, Manufacturing], Residential), By Regions (Northern, Southern, Western, Eastern And North Eastern), By States (Andhra Pradesh, Gujarat, Madhya Pradesh, Maharashtra, Karnataka, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal, and Union Territories)”
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