India diesel genset rental market was valued at USD136.72
million in 2021 and is projected to grow around USD191.81 million by 2027 due
to rise in construction activities and smart city development in the North, as
well as the wide use of power rating between 100.1-350KVA in manufacturing and
construction activities is likely to propel the India diesel genset rental
market during the forecast period.
Rental diesel gensets act as an emergency power backup during
power shortages and cuts to keep operations running smoothly and act as a
secondary source of electricity at many establishments. These diesel gensets
are not operated regularly, so they are more feasible to hire instead of
blocking and investing capital. They also serve as an excellent temporary
solution for various industries, such as mining, industrial and commercial
property management sectors, education, construction, healthcare, etc.
Power Outrage During Natural Calamities Drive the Growth of
India Diesel Genset Rental Market
With the increase in the population of India, people have
started moving to those areas which are prone to natural disasters such as
earthquakes, landslides, floods, heavy rainfall, storms, heavy snowfall, etc.
Additionally, these crises are also rising due to changes in the climatic
conditions, global warming, etc. that hinder the transmission and distribution
of power supply in the country, which gives rise to problems such as power
outrage. To overcome such situations, people prefer to use rental diesel
gensets because they are easily available, require no investment capital, and
maintenance and installation. Moreover, after the disaster strikes, government
officials and energy companies face critical problems such as disruptions in
power supply in hospitals and infrastructure facilities like power plants, etc.
Therefore, to fulfill the uninterrupted power supply, various companies and
industries will likely use rental diesel gensets that propel the India diesel
genset rental market.
Increased Government Initiatives in Manufacturing Sector to
Boost the India Diesel Genset Rental Market Growth
The Government of India is continuously taking various
initiatives to promote the healthy growth of the manufacturing sector in the
country, such as ‘Make in India", which aims to build the best
manufacturing infrastructure in the country and encourage investors and
manufacturers to invest and build in India. Disruption in the global supply
chain has also opened various opportunities for the manufacturing sector in
India on a large scale. Additionally, government policy initiatives such as
Production Linked Incentives (PLI) aim to boost domestic manufacturing. As of
September 2021, the Government of India approved a PLI worth USD3.53 billion
for the automotive sector. Furthermore, the Micro, Small, and Medium
Enterprises (MSMEs) contribution to the key public and private sector
industries fulfill increasing domestic demand while growth in exports helps to
gain traction within the country further. There are many manufacturing
companies that prefer to hire diesel gensets for rent due to the high cost of
maintenance and operation and to avoid the purchasing cost of diesel gensets. Therefore,
huge growth in the manufacturing and MSME sectors will likely boost India
diesel genset rental market.
Various Policies and Norms to Limit the Emission from Fuel
Engines
With the increasing urbanization, pollution concern is also
increasing due to the rise in industrial emissions day by day, burning of
fossil fuels, increasing transportation, etc. Therefore, various government
policies and norms have been approved to limit the emissions, such as the
Bharat Stage VI Emission norms under which only 50 parts per million sulfur
content is permitted. Furthermore, the Ministry of Environment, Forestry, and
Climate Change (MoEF&CC) has proposed some universal emission norms for
diesel generators that operate on all types of fuels. As a result, all these rules
and policies are projected to benefit the India diesel genset rental market.
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Market Segmentation
The India diesel genset rental market can be segmented based
on Power Rating, Vertical, and Region. Based on Power Rating, the market can be
segmented into Below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA, Above
1000KVA. In terms of vertical, the market is segmented into Construction,
Manufacturing, Healthcare, IT & Telecom, Residential, Others (Hospitality,
Education, Events, Banks, Offices, shopping malls). Based on region, the market
is segmented into North, South, West, and East.
Company Profiles
GMMCO Limited, Sudhir Power Ltd., Kohler Power India Pvt
Ltd., Perfect Generator Technologies Private Limited, Aggreko Energy Rental
India Pvt. Ltd., Others (Pioneer Power Service Pvt Ltd, Power Mak Industries
LLP, Modern Energy Rental Pvt. Ltd), etc. are the major players operating in
the India diesel genset rental market.
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Attribute
|
Details
|
|
Market Size Value in FY2021
|
USD445.18 Million
|
|
Revenue Forecast in FY2027
|
USD616.15 Million
|
|
Growth Rate
|
5.92%
|
|
Base Year
|
2021
|
|
Historical Years
|
2017 – 2021
|
|
Estimated Year
|
2022
|
|
Forecast Period
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2022 – 2027
|
|
Quantitative Units
|
Revenue in (USD Million), and CAGR for 2017-2021 and 2022-2027
|
|
Report Coverage
|
·
Revenue forecast, company
share, competitive landscape, growth factors, and trends
|
|
Segments Covered
|
·
By Power Rating
·
By Vertical
·
By Region
|
|
Regional Scope
|
North, South, West, East
|
|
Key Companies Profiled
|
GMMCO Limited, Sudhir Power Ltd.,
Kohler Power India Pvt Ltd., Perfect Generator Technologies Private Limited,
Aggreko Energy Rental India Pvt. Ltd., Others (Pioneer Power Service Pvt Ltd,
Power Mak Industries LLP, Modern Energy Rental Pvt. Ltd)
|
|
Customization Scope
|
10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to
meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/pdf format on special
request)
|
Report Scope:
In this report, India Diesel Genset Rental Market has been segmented into the following
categories in addition to the industry trends which have also been listed below:
- India Diesel Genset Rental
Market, By Power Rating:
o
Below
100KVA
o
100.1-350KVA
o
350.1-750KVA
o
750.1-1000KVA
o
Above
1000KVA
- India Diesel Genset Rental
Market, By Vertical:
- Construction
- Manufacturing
- Healthcare
- IT & Telecom
- Residential
- Others (Hospitality, Education, Events,
Banks, Offices, Shopping Malls)
·
India Diesel
Genset Rental Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in India Diesel Genset Rental
Market.
Available Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).