India Diesel Generator Market to Witness Significant Growth in Coming Years
Thriving manufacturing industry
and surging infrastructural activities in the country to drive India diesel
generator market
According to
TechSci Research report, “India
Diesel Generator Market By Type (Small Diesel Generator (10kVA- 375kVA),
Medium Diesel Generator (375 kVA to 1000 kVA), Large Diesel Generator
(1000+kVA)), By Application (Backup Power, Prime Power, Peak Shaving), By End
User Industry (Residential, Commercial, Industrial), By Distribution (OEM,
Direct Import), By Region, Forecast & Opportunities, FY2026”, the market
is expected to witness a healthy CAGR during the forecast period owing to the chronic
power shortages and rapid infrastructural activities in the country. The
thriving industrial sector of the country is also creating the demand for
diesel generators as these activities require uninterrupted 24/7 power supply.
Moreover, various projects introduced by the Indian government such as Smart City
Mission, Make in India campaign and Saubhagya Scheme are further expected to
provide lucrative opportunity for diesel generator manufacturers and suppliers.
Also, the interruption in grid power supply is creating the demand for diesel
generators from residential sector.
Additionally, the growing investment in telecom sector
and increasing installation of telephone towers for connectivity in remote
locations are supporting the growth of diesel generator market in India. With increasing
focus of telecom companies towards delivering high-speed services, the diesel
generator market is expected to grow significantly in the coming years.
Furthermore, the market is also witnessing growing demand from commercial
offices, hospitals, and hotel industry. Also, diesel generator manufacturers
are required to follow the guidelines under Bharat Stage VI (BS-VI) emission
standards for internal combustion engines in order to comply with the smoke
limits and other criteria for particulate matter (PM) and other gaseous
emissions.
However, stringent regulations for diesel generators in
India owing to the harmful environmental impact and carcinogenic nature of emissions
from these gensets are likely to hamper the market growth. Also, the increasing
focus on solar power generation is expected to create hindrance for the growth
of diesel generator market in India.
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India diesel
generator market is segmented based on type, application, end user,
distribution channel and region. Based on type, the market can be segmented
into small diesel generator (10kVA- 375kVA), medium diesel generator(375 kVA to
1000 kVA) and large diesel generator (1000+kVA). Among them, the small diesel
generator with 10- 375 KVA rating are expected to undergo fastest growth during
the forecast period as they are easily available at affordable prices and find
wide range of application in various sectors.
Based on end
user, the India diesel generator market can be segmented into residential,
commercial and industrial sector. Among them, the commercial segment is
expected to generate highest revenue through FY2026 owing to high demand for
diesel generators in commercial offices, hospitals, telecom towers and hotels.
Major players operating in the India
diesel generator market include Mahindra & Mahindra Limited, Cummins India
Ltd., Kirloskar Oil Engines Limited, Greaves Cotton Limited, Ashok Leyland
Limited, Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., Perkins Engines
Company Limited, Honda Siel Power Products Limited and Atlas Copco AB Class A. The
companies are undergoing growth strategies like new product launches and
partnerships to increase their market share.
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“The growth in residential
and commercial real estate sector in India is providing profitable opportunity
for diesel generator manufacturers. The rapid urbanization has led to increased
power consumption and has created the demand for prime and backup power
requirements. This is positively impacting the diesel generator market in the
country,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Diesel Generator Market By Type (Small Diesel
Generator (10kVA- 375kVA), Medium Diesel Generator(375 kVA to 1000 kVA), Large
Diesel Generator (1000+kVA)), By Application (Backup Power, Prime Power, Peak
Shaving), By End User Industry (Residential, Commercial, Industrial), By Distribution
(OEM, Direct Import), By Region, Forecast & Opportunities, FY2026” has evaluated the future growth potential of India diesel
generator market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India diesel generator market.
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