Report Description

India Gas Generator market is anticipated to register a CAGR of 4.42% during the forecast period 2024-2028. A natural gas generator is a type of generator that runs on natural gas rather than the typical petrol or diesel choice. Gas generators are a good choice for standby power because blackouts can occur, but they are very rare with natural gas because the pipes are underground. Except in earthquake-prone areas, homeowners and business owners can rest easy knowing they have an unlimited supply of generator fuel that does not rot or need to be stored in tanks, as with diesel. Some industrial grade generators can also be powered by the so-called field gas or raw gas flowing out of the wellhead during the drilling process. This gas is usually combusted, and at the same time wasting available fuel and polluting the environment. Installing generators to use this raw gas as fuel saves operators money spent on diesel to power oil pump jacks, storage facilities, and other buildings. Natural gas is one of the cleanest burning fossil fuels in the market, so it produces less emissions than other types of generators. It is also one of the most abundant resources in the world and relatively cheap to use.

Rise in demand for gas generators is fueling the market growth

Natural gas is one of the cleanest burning fossil fuels and releases less toxins into the atmosphere than other power generation fuels. Natural gas generators run quieter than diesel generators, making them ideal for applications in generator rooms or where noise regulations are in force.

Considering the larger power requirements, gas generators typically have a lower initial cost than comparable diesel generators. Moreover, gas fuel is typically cheaper than diesel fuel, keeping long-term running costs lower. Instead of repeatedly refilling fuel tanks, natural gas generators can be connected to local gas lines to provide nearly unlimited fuel, barring major disasters and utility outages. Diesel generators require additional time and money to polish the fuel to remove contaminants. Diesel has a limited shelf life, which requires additional planning and costs when it comes to storage, but with gas, the owner can simply rely on local supplies.

Latest Developments in India is Driving the Market Growth

In 2022, Kirloskar Oil Engines announced the official launch of its gas-powered generator. The IoT-enabled gas generator not only operates efficiently in Piped Natural Gas (PNG) frigid conditions, but also provides a digital monitoring system that allows users to remotely monitor generator performance and key parameters in real-time from almost anywhere. In addition, emissions and noise levels are much lower than traditional generator sets. The company has also launched a dual fit kit that can be retrofitted to existing and future diesel gensets to work with a combination of gas and diesel.

In the year 2018, Mahindra Powerol, a business unit of the Mahindra Group, has announced its entry into the gas-powered generator segment with the launch of its first CNG/NG generator in Delhi. The company launched its 6-cylinder 125kVA gas generator for the Delhi market. This was India's first CPCB-II (Central Pollution Control Board Stage 2 Emission Standard) approved gas generator. The particulate-free power unit produced at the company's Chakan factory produces negligible environmental pollution.

Environment & Safety Concerns

Natural gas releases carbon dioxide, a toxic gas that is harmful to health. At the same time, generators are always connected to pipelines and rely on a constant supply of natural gas. Storms and severe accidents can interrupt the supply of natural gas to generators, causing project downtime. Another drawback of natural gas generators is that they are slightly more dangerous than other types of generators. Natural gas is highly flammable so an explosion or fire may occur if a leak is discovered. These factors cause an hindrance to the growth of the market.


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Market Segmentation

India Gas Generator market is segmented on the basis of type and end-user. On the basis of type, the market is further segmented into Up to 75kVA, 76 kVA-350 kVA, 351kVA-750kVA, >750kV. Based on end user, the market is further split into industrial, domestic, commercial.

Market player

Major market players in the India Gas Generator market are Caterpillar India Private Limited, Yanmar Co. ltd, MTU India Private Ltd., Cummins India Limited, Mahindra Powerol Limited, Prakash Diesels Private Limited, Green Power International Pvt Ltd, GGE Genset Private Limited, Wartsila India Private Limited, and Green Power International Pvt Ltd.

Attribute

Details

Base Year

2022

Historic Data

2018– 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Type

End User

Regional scope

North India, South India, West India, East India  

Key companies profiled

Caterpillar India Private Limited, Yanmar Co. ltd, MTU India Private Ltd., Cummins India Limited, Mahindra Powerol Limited, Prakash Diesels Private Limited, Green Power International Pvt Ltd, GGE Genset Private Limited, Wartsila India Private Limited, Green Power International 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/Word format on special request)

 

Report Scope:

In this report, India Gas Generator Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         India Gas Generator Market, By Type:

o   Up to 75kVA

o   76 kVA-350 kVA

o   351kVA-750kVA

o   >750kVA

·         India Gas Generator Market, By End User:

o   Industrial

o   Domestic

o   Commercial

·         India Gas Generator Market, By Region:

o   North India

o   South India

o   West India

o   East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Gas Generator market.

Available Customizations:

With the given market data, Tech Sci 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.

The India Gas Generator Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on India Gas Generator Market

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

6.    India Gas Generator Market Outlook

6.1.  Market Size & Forecast

6.1.1.            By Value

6.2.  Market Share & Forecast

6.2.1.            By Type (Up to 75kVA, 76 kVA-350 kVA, 351kVA-750kVA, >750kVA)

6.2.2.            By End User (Industrial, Domestic, Commercial)

6.2.3.            By Region

6.2.4.            By Company

6.3.  Market Map

7.    North India Gas Generator Market Outlook

7.1.  Market Size & Forecast

7.1.1.            By Value

7.2.  Market Share & Forecast

7.2.1.            By Type

7.2.2.            By End User

8.    South India Gas Generator Market Outlook

8.1.  Market Size & Forecast

8.1.1.            By Value

8.2.  Market Share & Forecast

8.2.1.            By Type

8.2.2.            By End User

9.    West India Province Gas Generator Market Outlook

9.1.  Market Size & Forecast

9.1.1.            By Value

9.2.  Market Share & Forecast

9.2.1.            By Type

9.2.2.            By End User

10. East India Gas Generator Market Outlook

10.1.   Market Size & Forecast

10.1.1.         By Value

10.2.   Market Share & Forecast

10.2.1.         By Type

10.2.2.         By End User

11. Market Dynamics

11.1.   Drivers

11.1.1.         Advantages of gas generators

11.1.2.         Advantages over other types

11.2.   Challenges

11.2.1.         Environment & Safety concerns

12. Market Trends & Developments

12.1.   Kirloskar Oil Engines entry in gas gensets

12.2.   CPCB-II approved gas generator by Mahindra Powerol

13. Company Profiles

13.1.   Caterpillar India Private Limited

13.1.1.         Business Overview

13.1.2.         Key Revenue and Financials (If available)

13.1.3.         Recent Developments

13.1.4.         Key Personnel

13.1.5.         Key Product/Services

13.2.   Yanmar Co. ltd

13.2.1.         Business Overview

13.2.2.         Key Revenue and Financials (If available)

13.2.3.         Recent Developments

13.2.4.         Key Personnel

13.2.5.         Key Product/Services

13.3.   MTU India Private Ltd.

13.3.1.         Business Overview

13.3.2.         Key Revenue and Financials (If available)

13.3.3.         Recent Developments

13.3.4.         Key Personnel

13.3.5.         Key Product/Services

13.4.   Cummins India Limited

13.4.1.         Business Overview

13.4.2.         Key Revenue and Financials (If available)

13.4.3.         Recent Developments

13.4.4.         Key Personnel

13.4.5.         Key Product/Services

13.5.   Mahindra Powerol Limited

13.5.1.         Business Overview

13.5.2.         Key Revenue and Financials (If available)

13.5.3.         Recent Developments

13.5.4.         Key Personnel

13.5.5.         Key Product/Services

13.6.   Prakash Diesels Private Limited

13.6.1.         Business Overview

13.6.2.         Key Revenue and Financials (If available)

13.6.3.         Recent Developments

13.6.4.         Key Personnel

13.6.5.         Key Product/Services

13.7.   Green Power International Pvt Ltd

13.7.1.         Business Overview

13.7.2.         Key Revenue and Financials (If available)

13.7.3.         Recent Developments

13.7.4.         Key Personnel

13.7.5.         Key Product/Services

13.8.   GGE Genset Private Limited

13.8.1.         Business Overview

13.8.2.         Key Revenue and Financials (If available)

13.8.3.         Recent Developments

13.8.4.         Key Personnel

13.8.5.         Key Product/Services

13.9.   Wartsila India Private Limited

13.9.1.         Business Overview

13.9.2.         Key Revenue and Financials (If available)

13.9.3.         Recent Developments

13.9.4.         Key Personnel

13.9.5.         Key Product/Services

13.10.Green Power International Pvt Ltd

13.10.1.      Business Overview

13.10.2.      Key Revenue and Financials (If available)

13.10.3.      Recent Developments

13.10.4.      Key Personnel

13.10.5.      Key Product/Services

14. Strategic Recommendations

14.1.   More focused on Up to 75kVA segment

14.2.   More focused on Industrial segment

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market has several advantages such as that they are quieter than other types of generators and also inexpensive in terms of their operation.

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Major market players in the India Gas Generator market are Caterpillar India Private Limited, Yanmar Co. Ltd, MTU India Private Ltd., Cummins India Limited, Mahindra Powerol Limited, Prakash Diesels Private Limited, Green Power International Pvt Ltd, GGE Genset Private Limited, Wartsila India Private Limited, and Green Power International Pvt Ltd.

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A portable gas generator is expected to last 2,000-3,000 hours. Life expectancy depends upon mileage, maintenance, and run hours.

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A common and efficient means of generating electricity is through the use of natural gas generators. Natural gas can be used for both backup power and portable generators and is considered one of the cheapest and most efficient fuels among non-renewable sources for power generation.

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Parvati Sharma

Account Manager BD
Press Release

India Gas Generator Market to be Dominated by Industrial Segment

Feb, 2023

Awareness regarding natural gas as a clean fuel and concerns toward maintenance of diesel genset are the factors expected to drive market growth during the forecast period.