India Diesel Generator Market Report and Forecast 2023-2028

India Diesel Generator Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the India diesel generator market is projected to grow at a CAGR of 4.2% between 2023 and 2028 to reach a value of USD 1.35 billion by 2028. Aided by the growing energy needs and the increasing spending power of the people, the market is expected to grow significantly by 2028.

Diesel generators, known for their reliability, durability, and efficiency, are popularly used as a power backup solution across different sectors, including industrial, commercial, and residential. They serve as an essential cog in India's energy mix, ensuring power continuity in regions prone to blackouts and power outages, and are also frequently used in off-grid locations. Apart from their power generation capabilities, diesel generators also offer advantages in terms of portability and low maintenance costs, thus strengthening their position in the market.

The growing demand for a stable power supply is primarily driving the India diesel generator market growth. Given the country's frequent power outages due to an inadequate power infrastructure, the need for reliable power backup solutions, such as diesel generators, is on the rise. Further, the burgeoning urbanisation and the rapidly expanding industrial and commercial sectors are bolstering the need for uninterrupted power, thereby propelling the market growth.

The expansion of diesel generators across various sectors significantly contributes to India diesel generator market development. In the construction industry, diesel generators are essential for powering heavy machinery and ensuring smooth operations. Similarly, in the IT and telecommunications sector, they provide critical backup power to prevent disruptions to vital services. In the retail and hospitality sector, they guarantee uninterrupted service to customers. Their diverse applications across these industries make diesel generators indispensable, thus fuelling market growth.

Moreover, advancements in diesel generator technology are spurring the India diesel generator market expansion. With the development of generators with lower noise levels, increased efficiency, and reduced emissions, the acceptance of diesel generators has broadened. The introduction of hybrid diesel-solar generators and digital control technologies further add to the product enhancement, thereby boosting market expansion.

Furthermore, the growing focus on developing infrastructure for rural electrification has increased the reliance on diesel generators. With the government's increased thrust on rural development and electrification, diesel generators have emerged as a crucial element in this drive. Their portability and the ability to generate power independently make them an ideal solution for electrifying remote areas, thus stimulating the India diesel generator market growth.

Market Segmentation

The market can be divided based on power rating, mobility, cooling system, application, end use, and region.

Market Breakup by Power Rating

• Low Power Generator (0-75 kVA)
• Medium Power Generator (75-375 kVA)
• High Power Generator (375 kVA and above)
• Others

Market Breakup by Mobility

• Portable
• Stationary

Market Breakup by Cooling System

• Air Cooled
• Liquid Cooled

Market Breakup by Application

• Standby Backup Power
• Peak Shaving

Market Breakup by End Use

• Industrial
• Commercial
• Residential
• Others

Market Breakup by Region

• North India
• South India
• Central India
• East India
• West India

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the India diesel generator companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Cummins India Limited
• Kirloskar Oil Engines Limited
• Kohler Power India Pvt Ltd.
• Ashok Leyland Ltd
• Mahindra Powerol
• Greaves Cotton Ltd
• Caterpillar Inc.
• Mitsubishi Heavy Industries, Ltd.
• Perkins Engines Company Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.