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PUBLISHER: Prescient & Strategic Intelligence Private Limited | PRODUCT CODE: 1052917

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PUBLISHER: Prescient & Strategic Intelligence Private Limited | PRODUCT CODE: 1052917

India Diesel Genset Market Research Report: Power Rating (5 kVA-75 kVA, 76 kVA-375 kVA, 376 kVA-750 kVA, Above 750 kVA), Application (Commercial, Industrial, Residential) - Industry Growth Forecast to 2030

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From an estimated $816.0 million in 2021, the Indian diesel genset market value is set to grow to $1,831.2 million by 2030, at a 9.4% CAGR between 2021 and 2030. The biggest reason for the rising demand for these electricity production systems is the booming construction industry, itself due to the increasing public and private investments. At construction sites, generators provide a continuous power supply to keep the machines running.

The demand for such systems is predicted to surge the fastest in Karnataka in the coming years because of the growth in its residential and commercial real estate sector. For instance, the Government of India is planning to invest $15.68 billion (INR 1.16 lakh crore) in infrastructure projects in the state, while the Karnataka government would construct 900,000 houses in the coming years.

Key Findings of India Diesel Genset Market Report:

  • Systems ranging between 5 kilovolt-Ampere (kVA) and 75 kVA in power rating are the most popular in the DG set market in India as they witness a high demand from residential facilities, small industries, commercial complexes, restaurants, and telecom towers.
  • Among all industrial applications, the requirement for these systems, specifically medium- and high-power variants, will increase the most rapidly in manufacturing. Hence, with the rising investments in the construction of factories, DG set usage in the industrial sector will continue to boom.
  • The emission regulations implemented by the government are a key trend in the diesel genset industry. Since diesel fumes are one of the largest contributors to air pollution, the Bharat Stage VI emission norms were implemented in April 2020 on on-road and non-road diesel engines in the country.
  • Due to the presence of numerous companies, the Indian diesel genset market is fragmented in nature. As a result, industry players are launching new systems to attract end users and augment their market share.
  • The sale of DG sets was negatively impacted by the COVID-19 pandemic due to the shutting down of construction sites and manufacturing plants. Similarly, market players found it difficult to source DG set components, which affected their manufacturing output as well.
  • Residential applications have been the most productive for market players in the country till now because of the increasing incidence of power cuts and growing housing construction.
  • The market is dominated by Uttar Pradesh, as investments in its construction domain are booming. Currently, five of the biggest construction projects underway in the state are the Purvanchal Expressway, Bundelkhand Expressway, Ganga Expressway, Gorakhpur-Azamgarh Link Expressway, and Noida International Airport (Jewar Airport).
  • Kirloskar Oil Engines Limited, Greaves Cotton Limited, Ashok Leyland Limited, VE Commercial Vehicles Limited, Cummins India Ltd., Mahindra Powerol Ltd., Caterpillar Inc., Kohler Power India Ltd., Cooper Corporation Pvt. Ltd., and Tractors and Farm Equipment Limited are the biggest companies in the DG set market in India.
Product Code: PE11638

Table of Contents

Chapter 1. Research Background

  • 1.1 Research Objectives
  • 1.2 Market Definition
  • 1.3 Research Scope
    • 1.3.1 Market Segmentation by Power Rating
    • 1.3.2 Market Segmentation by Application
    • 1.3.3 Market Segmentation by State
    • 1.3.4 Analysis Period
    • 1.3.5 Market Data Reporting Unit
      • 1.3.5.1 Volume
      • 1.3.5.2 Value
  • 1.4 Key Stakeholders

Chapter 2. Research Methodology

  • 2.1 Secondary Research
    • 2.1.1 Paid
    • 2.1.2 Unpaid
  • 2.2 Primary Research
    • 2.2.1 Breakdown of Primary Research Respondents
      • 2.2.1.1 By industry participant
      • 2.2.1.2 By company type
  • 2.3 Market Size Estimation
  • 2.4 Data Triangulation
  • 2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

  • 4.1 Definition of Market Segments
    • 4.1.1 By Power Rating
        • 4.1.1.1 5 kVA-75 kVA
        • 4.1.1.2 76 kVA-375 kVA
        • 4.1.1.3 376 kVA-750 kVA
      • 4.1.1.4 Above 750 kVA
    • 4.1.2 By Application
      • 4.1.2.1 Commercial
        • 4.1.2.1.1 Retail establishments
        • 4.1.2.1.2 Offices
        • 4.1.2.1.3 Telecom towers
        • 4.1.2.1.4 Hospitals
        • 4.1.2.1.5 Hotels
        • 4.1.2.1.6 Others
      • 4.1.2.2 Industrial
        • 4.1.2.2.1 Manufacturing
        • 4.1.2.2.2 Energy & power
        • 4.1.2.2.3 Others
      • 4.1.2.3 Residential
  • 4.2 Market Dynamics
    • 4.2.1 Trends
      • 4.2.1.1 Implementation of stringent regulations to curb emissions
    • 4.2.2 Drivers
      • 4.2.2.1 Growth in the manufacturing industry
      • 4.2.2.2 Demand for power for commercial applications and construction projects
      • 4.2.2.3 Impact analysis of drivers on market forecast
    • 4.2.3 Restraints
      • 4.2.3.1 Detrimental environmental impact and carcinogenic nature of diesel engine exhausts
      • 4.2.3.2 Growing penetration of electricity grids
      • 4.2.3.3 Impact analysis of restraints on market forecast
  • 4.3 Impact of COVID-19 on India Diesel Genset Market
  • 4.4 Regulatory Analysis
    • 4.4.1 Emission Limits for Diesel Gensets of Power Rating Up To 800 kW
    • 4.4.2 Noise Limits for Diesel Gensets
      • 4.4.2.1 Noise limits for diesel gensets (of power rating up to 1,000 kVA) manufactured on or after January 1, 2005
      • 4.4.2.2 Noise limits for diesel gensets that do not meet the aforementioned criterion
    • 4.4.3 Certification of Diesel Gensets
      • 4.4.3.1 Requirements for the certification of diesel gensets
      • 4.4.3.2 Nodal agencies and authorized agencies
  • 4.5 Value Chain Analysis

Chapter 5. India Market Size and Forecast

  • 5.1 By Power Rating
  • 5.2 By Application
    • 5.2.1 Commercial Application
      • 5.2.1.1 By user
      • 5.2.1.2 By power rating
    • 5.2.2 Industrial Application
      • 5.2.2.1 By user
      • 5.2.2.2 By power rating
  • 5.3 By State

Chapter 6. Competitive Landscape

  • 6.1 Diesel Genset Offerings of Key Players
  • 6.2 Competitive Benchmarking of Key Players
  • 6.3 Market Share Analysis of Key Players
  • 6.4 Strategic Developments of Key Players
    • 6.4.1 Product Launches
    • 6.4.2 Client Wins
    • 6.4.3 Other Developments

Chapter 7. Company Profiles

  • 7.1 Kirloskar Oil Engines Limited
    • 7.1.1 Business Overview
    • 7.1.2 Product and Service Offerings
    • 7.1.3 Key Financial Summary
  • 7.2 Ashok Leyland Limited
    • 7.2.1 Business Overview
    • 7.2.2 Product and Service Offerings
    • 7.2.3 Key Financial Summary
  • 7.3 Greaves Cotton Limited
    • 7.3.1 Business Overview
    • 7.3.2 Product and Service Offerings
    • 7.3.3 Key Financial Summary
  • 7.4 VE Commercial Vehicles Limited
    • 7.4.1 Business Overview
    • 7.4.2 Product and Service Offerings
  • 7.5 Mahindra Powerol Ltd.
    • 7.5.1 Business Overview
    • 7.5.2 Product and Service Offerings
  • 7.6 Cummins India Ltd.
    • 7.6.1 Business Overview
    • 7.6.2 Product and Service Offerings
    • 7.6.3 Key Financial Summary
  • 7.7 Caterpillar Inc.
    • 7.7.1 Business Overview
    • 7.7.2 Product and Service Offerings
    • 7.7.3 Key Financial Summary
  • 7.8 Cooper Corporation Pvt. Ltd.
    • 7.8.1 Business Overview
    • 7.8.2 Product and Service Offerings
  • 7.9 Kohler Power India Ltd.
    • 7.9.1 Business Overview
    • 7.9.2 Product and Service Offerings
  • 7.10 Tractors and Farm Equipment Limited
    • 7.10.1 Business Overview
    • 7.10.2 Product and Service Offerings
  • 7.11 Escorts Limited
    • 7.11.1 Business Overview
    • 7.11.2 Product and Service Offerings
    • 7.11.3 Key Financial Summary

Chapter 8. Appendix

  • 8.1 Abbreviations
  • 8.2 Sources and References
  • 8.3 Related Reports

Product Code: PE11638

List of Tables

  • TABLE 1 ANALYSIS PERIOD OF THE STUDY
  • TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
  • TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
  • TABLE 4 EMISSION LIMITS FOR DIESEL GENSETS OF POWER RATING UP TO 800 KW
  • TABLE 5 INDIA DIESEL GENSET MARKET, BY POWER RATING, '000 UNITS (2015-2021)
  • TABLE 6 INDIA DIESEL GENSET MARKET, BY POWER RATING, '000 UNITS (2022-2025)
  • TABLE 7 INDIA DIESEL GENSET MARKET, BY POWER RATING, '000 UNITS (2026-2030)
  • TABLE 8 INDIA DIESEL GENSET MARKET, BY POWER RATING, $M (2015-2021)
  • TABLE 9 INDIA DIESEL GENSET MARKET, BY POWER RATING, $M (2022-2025)
  • TABLE 10 INDIA DIESEL GENSET MARKET, BY POWER RATING, $M (2026-2030)
  • TABLE 11 INDIA DIESEL GENSET MARKET, BY APPLICATION, '000 UNITS (2015-2021)
  • TABLE 12 INDIA DIESEL GENSET MARKET, BY APPLICATION, '000 UNITS (2022-2025)
  • TABLE 13 INDIA DIESEL GENSET MARKET, BY APPLICATION, '000 UNITS (2026-2030)
  • TABLE 14 INDIA DIESEL GENSET MARKET, BY APPLICATION, $M (2015-2021)
  • TABLE 15 INDIA DIESEL GENSET MARKET, BY APPLICATION, $M (2022-2025)
  • TABLE 16 INDIA DIESEL GENSET MARKET, BY APPLICATION, $M (2026-2030)
  • TABLE 17 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, '000 UNITS (2015-2021)
  • TABLE 18 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, '000 UNITS (2022-2025)
  • TABLE 19 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, '000 UNITS (2026-2030)
  • TABLE 20 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2015-2021)
  • TABLE 21 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2022-2025)
  • TABLE 22 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2026-2030)
  • TABLE 23 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, '000 UNITS (2015-2021)
  • TABLE 24 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, '000 UNITS (2022-2025)
  • TABLE 25 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, '000 UNITS (2026-2030)
  • TABLE 26 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, $M (2015-2021)
  • TABLE 27 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, $M (2022-2025)
  • TABLE 28 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, $M (2026-2030)
  • TABLE 29 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, '000 UNITS (2015-2021)
  • TABLE 30 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, '000 UNITS (2022-2025)
  • TABLE 31 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, '000 UNITS (2026-2030)
  • TABLE 32 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2015-2021)
  • TABLE 33 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2022-2025)
  • TABLE 34 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2026-2030)
  • TABLE 35 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, '000 UNITS (2015-2021)
  • TABLE 36 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, '000 UNITS (2022-2025)
  • TABLE 37 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, '000 UNITS (2026-2030)
  • TABLE 38 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, $M (2015-2021)
  • TABLE 39 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, $M (2022-2025)
  • TABLE 40 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, $M (2026-2030)
  • TABLE 41 INDIA DIESEL GENSET MARKET, BY STATE, '000 UNITS (2015-2021)
  • TABLE 42 INDIA DIESEL GENSET MARKET, BY STATE, '000 UNITS (2022-2025)
  • TABLE 43 INDIA DIESEL GENSET MARKET, BY STATE, '000 UNITS (2026-2030)
  • TABLE 44 INDIA DIESEL GENSET MARKET, BY STATE, $M (2015-2021)
  • TABLE 45 INDIA DIESEL GENSET MARKET, BY STATE, $M (2022-2025)
  • TABLE 46 INDIA DIESEL GENSET MARKET, BY STATE, $M (2026-2030)
  • TABLE 47 BENCHMARKING OF KEY PLAYERS
  • TABLE 48 KIRLOSKAR OIL ENGINES LIMITED - AT A GLANCE
  • TABLE 49 KIRLOSKAR OIL ENGINES LIMITED - KEY FINANCIAL SUMMARY
  • TABLE 50 ASHOK LEYLAND LIMITED - AT A GLANCE
  • TABLE 51 ASHOK LEYLAND LIMITED - KEY FINANCIAL SUMMARY
  • TABLE 52 GREAVES COTTON LIMITED - AT A GLANCE
  • TABLE 53 GREAVES COTTON LIMITED - KEY FINANCIAL SUMMARY
  • TABLE 54 VE COMMERCIAL VEHICLES LIMITED - AT A GLANCE
  • TABLE 55 MAHINDRA POWEROL LTD. - AT A GLANCE
  • TABLE 56 CUMMINS INDIA LTD. - AT A GLANCE
  • TABLE 57 CUMMINS INDIA LTD. - KEY FINANCIAL SUMMARY
  • TABLE 58 CATERPILLAR INC. - AT A GLANCE
  • TABLE 59 CATERPILLAR INC. - KEY FINANCIAL SUMMARY
  • TABLE 60 COOPER CORPORATION PVT. LTD. - AT A GLANCE
  • TABLE 61 KOHLER POWER INDIA LTD. - AT A GLANCE
  • TABLE 62 TRACTORS AND FARM EQUIPMENT LIMITED - AT A GLANCE
  • TABLE 63 ESCORTS LIMITED - AT A GLANCE
  • TABLE 64 ESCORTS LIMITED - KEY FINANCIAL SUMMARY

List of Figures

  • FIG 1 RESEARCH SCOPE
  • FIG 2 RESEARCH METHODOLOGY
  • FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
  • FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
  • FIG 5 DATA TRIANGULATION APPROACH
  • FIG 6 INDIA DIESEL GENSET MARKET SUMMARY
  • FIG 7 INDIA DIESEL GENSET MARKET VALUE CHAIN
  • FIG 8 INDIA DIESEL GENSET MARKET SNAPSHOT
  • FIG 9 INDIA DIESEL GENSET MARKET, BY POWER RATING, '000 UNITS (2015-2030)
  • FIG 10 INDIA DIESEL GENSET MARKET, BY APPLICATION, '000 UNITS (2015-2030)
  • FIG 11 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, '000 UNITS (2015-2030)
  • FIG 12 INDIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY POWER RATING, '000 UNITS (2015-2030)
  • FIG 13 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, '000 UNITS (2015-2030)
  • FIG 14 INDIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY POWER RATING, '000 UNITS (2015-2030)
  • FIG 15 INDIA DIESEL GENSET MARKET, BY STATE, '000 UNITS (2015-2030)
  • FIG 16 DIESEL GENSET OFFERINGS OF KEY PLAYERS
  • FIG 17 INDIA DIESEL GENSET MARKET SHARE OF KEY PLAYERS (2020)
  • FIG 18 KIRLOSKAR OIL ENGINES LIMITED - REVENUE SPLIT BY BUSINESS AND GEOGRAPHY (2021)
  • FIG 19 ASHOK LEYLAND LIMITED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
  • FIG 20 GREAVES COTTON LIMITED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
  • FIG 21 CUMMINS INDIA LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
  • FIG 22 CATERPILLAR INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
  • FIG 23 ESCORTS LIMITED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
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