Press Release

India Diesel Genset Market to be led by Commercial Sector Expansion through 2029

Frequent power outages, more electrification in rural regions, and a rising requirement for consistent power supply driving the India Diesel Genset Market.

 

According to TechSci Research report, “India Diesel Genset Market – By Region, Competition, Forecast and Opportunities, 2019-2029F” India is undergoing extensive infrastructure development, encompassing the construction of roads, bridges, airports, railways, commercial complexes, and residential buildings. These projects necessitate consistent and reliable power sources, particularly in regions with unreliable grid electricity. Diesel gensets are well-suited for providing temporary power during construction and can serve as backup power sources for vital facilities such as construction sites, hospitals, and data centers. The demand for gensets is anticipated to remain strong as infrastructure development progresses.

 

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Based on power rating, the 76 kVA–375 kVA segment emerges as the dominant and steadfast force, maintaining a commanding influence that is projected to persist throughout the forecast period.  Hospitals and healthcare centers rely on gensets in this segment to ensure uninterrupted power supply for critical medical equipment, operating theaters, and patient care during power outages. Data centers and IT facilities also require highly reliable gensets in this power range to maintain server operations, preserve data integrity, and sustain network connectivity during electrical disruptions. Telecom operators utilize gensets in this segment to power base stations and cell towers, ensuring continuous connectivity and seamless communication services. In regions with unstable or unreliable grid electricity, gensets in this range provide a stable and consistent power source. The adoption of smart and connected gensets with remote monitoring and predictive maintenance capabilities is increasing, enabling users to manage gensets more efficiently. Offering comprehensive service and maintenance contracts for gensets in this segment ensures dependable performance, minimizes downtime, and enhances customer satisfaction. Manufacturers can provide tailored solutions to meet the specific power requirements of diverse industries, applications, and regions. In summary, the 76 kVA to 375 kVA segment of the India Diesel Genset Market caters to a wide array of industries and applications, delivering reliable backup and primary power solutions. While facing challenges related to emissions and fuel, this segment benefits from trends such as hybrid power solutions and smart technologies, presenting opportunities for efficiency enhancements and sustainability initiatives.

Based on end user, the Commercial segment emerges as the dominant and steadfast force, maintaining a commanding influence that is projected to persist throughout the forecast period.  In regions where grid electricity is unreliable or costs are high, businesses can utilize diesel gensets to reduce electricity expenses or entirely switch to genset power during peak demand hours. The commercial sector is increasingly adopting smart and connected gensets with remote monitoring and control capabilities, enabling more efficient genset management and timely maintenance. Businesses are implementing energy management systems that integrate gensets with grid power and battery storage, optimizing energy use and reducing dependence on gensets, particularly during peak hours. Distributed generation solutions, including gensets, provide businesses with on-site electricity generation opportunities, leading to energy independence and cost savings. With the continuous growth of the commercial sector, including retail chains, hotels, and commercial complexes, the demand for gensets is expected to rise, presenting an expanding market for genset providers. In conclusion, the commercial segment of the India Diesel Genset Market relies on gensets for uninterrupted power supply, business continuity, and cost savings. Despite challenges related to emissions and fuel, businesses are increasingly adopting smart, efficient, and sustainable power solutions. The commercial sector offers opportunities for genset providers to cater to the power needs of a diverse range of businesses and commercial establishments across India.

 

Key market players in the India Diesel Genset Market include:

  • Honda India Power Products Ltd.
  • Yamaha Motor Co. Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Mahindra & Mahindra Ltd.
  • Kirloskar Oil Engines Ltd.
  • Cummins India Ltd.
  • Greaves Cotton Limited
  • Ashok Leyland Ltd.
  • Caterpillar Inc.
  • Perkins Engines Company Ltd.

 

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“The Southern Region is positioned to be the dominating region during the forecasted period. The Southern Region is currently experiencing significant infrastructure expansion, particularly in the development of logistics and transportation networks. These ambitious projects necessitate reliable power sources for both construction and operation, resulting in a consistent demand for gensets.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

“India Diesel Genset Market Segmented By Power Output (Portable Generators, Inverter Generators, Industrial Generators and Induction Generators), By Power Rating (5 kVA–75 kVA, 76 kVA–375 kVA, 376 kVA–750 kVA and Above 750 kVA), By Application (Standby, Prime Power, Continuous and Peak Shaving), By End User (Residential, Commercial and Industrial), By Region, and By Competition, 2019-2029F”, has evaluated the future growth potential of NVH testing and provides statistics and information on market structure, size, share, and future 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 the India Diesel Genset Market.

 

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