PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1347286
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1347286
India Diesel Genset Market, By KVA Ratings ; By Vertical ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Diesel Genset Market Size Set to Touch USD 1.65 Billion by 2029.
India diesel genset market is flourishing because of the growing deployment of DG (diesel generator) sets, advancements in diesel generator technology, and a high demand for uninterrupted power supply.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India diesel genset market size at USD 1.04 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India diesel genset market size to grow at a significant CAGR of 6.8% reaching a value of USD 1.65 billion by 2029. Major growth drivers for the India diesel genset market include an increasing demand for reliable and uninterrupted power supply. With rapid industrialization, urbanization, and the growth of commercial establishments, the need for backup power solutions has become vital. Diesel gensets offer a dependable source of electricity during grid failures, load shedding, and emergencies, ensuring smooth operations for various industries and businesses. Also, the lack of reliable power infrastructure in certain regions and the need for continuous power in critical sectors such as healthcare, data centers, and telecommunications further boost the demand for diesel gensets in India. As a result, the market continues to experience significant growth driven by the crucial role these gensets play in ensuring uninterrupted power supply across various applications. However, growing trend of renewable power generation and fluctuating diesel prices are anticipated to restrain the overall market growth.
India Diesel Genset Market - Overview:
India diesel genset market plays a vital role in supporting various sectors across the country with uninterrupted and reliable power supply. Diesel generators are extensively utilized in manufacturing, serving as both primary and standby power sources. As India is poised to become the global manufacturing hub by 2030, thanks to the Make in India initiative by the Government of India, significant opportunities are anticipated for the diesel genset market. These gensets, which convert mechanical energy into electrical energy through diesel engines, are essential for providing backup power during electricity outages and grid failures. With their wide range of capacities and applications, diesel gensets cater to diverse sectors, including commercial establishments, healthcare facilities, data centers, telecommunications, and residential buildings.
Impact of COVID-19 on India Diesel Genset Market:
COVID-19 pandemic adversely affected the India diesel genset market. The nationwide lockdowns and restrictions disrupted manufacturing, distribution, and supply chain activities, leading to project delays and cancellations. The economic downturn and financial uncertainties resulted in reduced investment and deferred purchase decisions, affecting market growth. The closure of businesses and industries during the pandemic decreased the immediate demand for diesel gensets. However, the pandemic also highlighted the importance of reliable power backup in critical sectors, fostering interest in genset installations. As the economy gradually recovered, the market experienced a rebound, driven by the need for uninterrupted power supply and preparedness for future disruptions.
India Diesel Genset Market - By Vertical:
Based on vertical, the India diesel genset market is divided into Commercial, Industrial, and Residential segments. The commercial segment is expected to dominate the market during the forecast period by verticals, driven by rapid growth in the service sector. Diesel generators are vital in ensuring uninterrupted power supply for various commercial establishments, including hospitals, hotels, restaurants, IT and telecommunication centers, banking, and insurance. Finance, real estate, and professional services contributed significantly to India's gross value added (GVA) in FY2022, comprising 53% of the total GVA. The IT and business services market is among the fastest-growing within the service sector, projected to exceed USD 19.93 billion by 2025. Diesel generators find extensive use in healthcare services, especially hospitals, to avoid intermittent power disruptions. The Government of India plans to increase public health spending to 2.5% of the country's GDP by 2025.
Competitive Landscape:
Major players operating in the India diesel genset market include: Kirloskar Oil Engine, Mahindra & Mahindra Ltd, Ashok Leyland, Cummins India Ltd, Greaves Cotton Ltd, Caterpillar Inc, Escorts Limited, Powerica Ltd, Honda India Power Products Ltd, and Perkins Engines Company Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Diesel Genset Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Diesel Genset Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Diesel Genset Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Uninterrupted and reliable power supply and heavy deployment of DG (diesel generator) set
- 3.2.1.2. Improvement in technology of diesel generator
- 3.2.2. Restraints
- 3.2.2.1. Growing trend of renewable power generation
- 3.2.2.2. Fluctuating diesel prices
- 3.2.3. Opportunities
- 3.2.3.1. Rapidly growing telecom and IT sector
- 3.2.3.2. Increasing integration of diesel gensets with renewable energy sources
- 3.2.4. Challenges
- 3.2.4.1. Stringent emission norms
- 3.2.4.2. Rise of battery-based energy storage solutions
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Diesel Genset Market Overview
- 4.1. Market Size and Forecast by Value and Volume, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share and Forecast
- 4.2.1. By KVA Ratings
- 4.2.1.1. 5-75 KVA
- 4.2.1.2. 75.1-375 KVA
- 4.2.1.3. 375.1-750 KVA
- 4.2.1.4. 750.1-1,000 KVA
- 4.2.1.5. 1,000.1-2,000 KVA
- 4.2.1.6. Above 2,000 KVA
- 4.2.2. By Verticals
- 4.2.2.1. Commercial
- 4.2.2.2. Industrial
- 4.2.2.3. Residential
- 4.2.3. By Region
- 4.2.3.1. North India
- 4.2.3.2. South India
- 4.2.3.3. East India
- 4.2.3.4. West India
- 4.2.1. By KVA Ratings
5. North India Diesel Genset Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By KVA Ratings
- 5.2.2. By Verticals
6. South India Diesel Genset Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By KVA Ratings
- 6.2.2. By Verticals
7. East India Diesel Genset Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By KVA Ratings
- 7.2.2. By Verticals
8. West India Diesel Genset Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By KVA Ratings
- 8.2.2. By Verticals
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Diesel Genset Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Diesel Genset Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Kirloskar Oil Engine
- 11.2. Mahindra & Mahindra Ltd
- 11.3. Ashok Leyland
- 11.4. Cummins India Ltd
- 11.5. Greaves Cotton Ltd
- 11.6. Caterpillar Inc.
- 11.7. Escorts Limited
- 11.8. Powerica Ltd
- 11.9. Honda India Power Products Ltd
- 11.10. Perkins Engines Company Ltd
- 11.11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary and Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown and Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumption and Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Diesel Genset Market Segmentation
- Figure 2 India Diesel Genset Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Figure 5 India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Figure 6 India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Figure 7 India Diesel Genset Market Share, By Region, By Value, 2019-2029
- Figure 8 North India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Figure 9 North India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Figure 10 North India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Figure 11 South India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Figure 12 South India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Figure 13 South India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Figure 14 East India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Figure 15 East India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Figure 16 East India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Figure 17 West India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Figure 18 West India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Figure 19 West India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
List of Tables
- Table 1 India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Table 2 India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Table 3 India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Table 4 India Diesel Genset Market Share, By Region, By Value, 2019-2029
- Table 5 North India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Table 6 North India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Table 7 North India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Table 8 South India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Table 9 South India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Table 10 South India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Table 11 East India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Table 12 East India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Table 13 East India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Table 14 West India Diesel Genset Market Size, By Value (USD Billion), 2019-2029
- Table 15 West India Diesel Genset Market Share, By KVA Ratings, By Value, 2019-2029
- Table 16 West India Diesel Genset Market Share, By Verticals, By Value, 2019-2029
- Table 17 Kirloskar Oil Engine Company Overview
- Table 18 Kirloskar Oil Engine Financial Overview
- Table 19 Mahindra & Mahindra Ltd Company Overview
- Table 20 Mahindra & Mahindra Ltd Financial Overview
- Table 21 Ashok Leyland Company Overview
- Table 22 Ashok Leyland Financial Overview
- Table 23 Cummins India Ltd Company Overview
- Table 24 Cummins India Ltd Financial Overview
- Table 25 Greaves Cotton Ltd Company Overview
- Table 26 Greaves Cotton Ltd Financial Overview
- Table 27 Caterpillar Inc. Company Overview
- Table 28 Caterpillar Inc. Financial Overview
- Table 29 Escorts Limited Company Overview
- Table 30 Escorts Limited Financial Overview
- Table 31 Powerica Ltd Company Overview
- Table 32 Powerica Ltd Financial Overview
- Table 33 Honda India Power Products Ltd Company Overview
- Table 34 Honda India Power Products Ltd Financial Overview
- Table 35 Perkins Engines Company Ltd Company Overview
- Table 36 Perkins Engines Company Ltd Financial Overview
