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

Description

List of Tables

According to the latest market research study published by P&S Intelligence, the Indian prime power diesel genset market size is predicted to grow to $356.3 million by 2030 from an estimated $143.6 million in 2021, at a 10.6% CAGR. In the country, the highest number of generators are in commercial spaces, because offices, hotels, hospitals, shopping malls, metro and railway stations, and other such places need a constant power supply. Moreover, the growth in the number of telecom towers and data centers is propelling the installation of these systems in the commercial sector.

In this regard, a major driver for genset sales in the country is the vast gap between power demand and supply. With a population touching 1.4 billion, India is not always able to meet the demand for electricity. As a result, even cities witness substantial power cuts, while many people in rural areas still do not have a grid connection. Therefore, with the rapid urbanization and industrialization, the demand for prime power diesel gensets is rising in the country.

Key Findings of India Prime Power Diesel Genset Market Report

Another key reason for the growth of the Indian prime power diesel genset market is the higher prices of petrol and erratic gas supply, which make diesel the preferred fuel for generators.

In the coming years, the sale of gensets that offer a power output of 5-75 kVA will rise the fastest in India as these variants are preferred for commercial spaces.

In this regard, the biggest driver for the market is infrastructure development, for which the government has allocated INR 13,750 crore in the 2021 Union Budget.

As a result, market players are launching newer variants and expanding their manufacturing capacities to meet the surging demand for prime and backup power via gensets.

However, as these systems release GHGs, the usage of gensets with two small engines instead of one large engine is picking pace. As per company claims, twin-power generators release 40% lesser CO2 than conventional gensets.

Uttar Pradesh accounts for the highest Indian prime power diesel genset market sales volume on account of being the most-populated state in the country. Additionally, commercial infrastructure, including telecom networks, is being rapidly enhanced here, which is driving genset sales.

The COVID-19 pandemic put a severe dent in generator sales in the country as the nationwide lockdowns drove down the demand for electricity from 1,90,198 million units in 2019 to 12,75,534 million units in 2020, as per the Ministry of Power. This also brought down the demand-supply gap from 6,566 million units to 4,871 million units from 2019 to 2020. This was because of the shutdown of most manufacturing plants and commercial centers and suspension of metro, air travel, and train services.

Therefore, major Indian prime power diesel genset market players, including Kirloskar Oil Engines Limited, Mahindra Powerol Ltd., Ashok Leyland Limited, VE Commercial Vehicles Limited, Escorts Limited, Cummins India Ltd., Caterpillar Inc., Cooper Corporation Pvt. Ltd., Greaves Cotton Limited, Kohler Power India Ltd., and Tractors and Farm Equipment Limited, stepped up product launch and facility expansion activities in 2021, to make up for lost revenue.

Product Code: 12272

Chapter 1. Research Background

1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
- 1.4.1 Volume
- 1.4.2 Value
1.5 Market Size Breakdown by Segment
- 1.5.1 Market Segmentation by Power Rating
- 1.5.2 Market Segmentation by Application
- 1.5.3 Market Segmentation by State
1.6 Others Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research
- 2.1.1 Paid
- 2.1.2 Unpaid
- 2.1.3 P&S Intelligence Database
2.2 Primary Research
- 2.2.1 Breakdown of Primary Research, by States
- 2.2.2 Breakdown of Primary Research, by Industry Participant
- 2.2.3 Breakdown of Primary Research, by Designation
- 2.2.5 Breakdown of Primary Research, by Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

4.1 Telecommunication Industry

Chapter 5. Definition of Market Segments

5.1 Definition of Market Segments
- 5.1.1 By Power Rating
  - 5.1.1.4 Above 750 kVA
- 5.1.2 By Application
  - 5.1.2.1 Commercial
    - 5.1.2.1.1 Retail establishments
    - 5.1.2.1.2 Offices
    - 5.1.2.1.3 Telecom towers
    - 5.1.2.1.4 Hospitals
    - 5.1.2.1.5 Hotels
    - 5.1.2.1.6 Others
  - 5.1.2.2 Industrial
    - 5.1.2.2.1 Manufacturing
    - 5.1.2.2.2 Energy & power
    - 5.1.2.2.3 Others
  - 5.1.2.3 Residential

Chapter 6. Industry Outlook

6.1 Market Dynamics
- 6.1.1 Trends
  - 6.1.1.1 Rising production of twin-power generators
- 6.1.2 Drivers
  - 6.1.2.1 Rising infrastructure investment in different sectors
  - 6.1.2.2 High-power deficits
  - 6.1.2.3 Impact analysis of drivers on market forecast
- 6.1.3 Restraints
  - 6.1.3.1 High capital, installation, and maintenance costs
  - 6.1.3.2 Use of green technology
  - 6.1.3.3 Impact analysis of restraints on market forecast
6.2 Impact of COVID-19
6.3 Porter's Five Forces Analysis
- 6.3.1 Bargaining Power of Buyers
- 6.3.2 Bargaining Power of Suppliers
- 6.3.3 Intensity of Rivalry
- 6.3.4 Threat of New Entrants
- 6.3.5 Threat of Substitutes

Chapter 7. Policy and Regulatory Landscape

7.1 Emission Limits for Diesel Gensets of Power Rating Up To 800 kW
7.2 Noise Limits for Diesel Gensets
- 7.2.1 Noise limits for diesel gensets (of power rating up to 1,000 kVA) manufactured on or after January 1, 2005
- 7.2.2 Noise limits for diesel gensets that do not meet the aforementioned criterion
7.3 Certification of Diesel Gensets
- 7.3.1 Requirements for the Certification of Diesel Gensets
- 7.3.2 Nodal Agencies and Authorized Agencies

Chapter 8. India Market Size and Forecast

8.1 Overview
8.2 Market Volume, by Power Rating (2017-2030)
8.3 Market Volume, by Application (2017-2030)
- 8.3.1 Commercial Prime Power Diesel Genset Market Volume, by Power Rating
  - 8.3.1.4 Above 750 kVA prime power diesel genset market volume, by commercial application
  - 8.3.1.5 Prime power diesel genset market volume, by commercial application
    - 8.3.1.5.1 Retail establishments prime power diesel genset market volume, by hours
    - 8.3.1.5.2 Offices prime power diesel genset market volume, by hours
    - 8.3.1.5.3 Telecom towers prime power diesel genset market volume, by hours
    - 8.3.1.5.4 Hospitals prime power diesel genset market volume, by hours
    - 8.3.1.5.5 Hotels prime power diesel genset market volume, by hours
- 8.3.2 Industrial Prime Power Diesel Genset Market Volume, by Power Rating
- 8.3.3 Prime Power Diesel Genset Market Volume, by Industrial Application
  - 8.3.3.3 Above 750 kVA prime power diesel genset market volume, by industrial application
8.4 Market Volume, by State (2017-2030)
8.5 Market Revenue, by Power Rating (2017-2030)
8.6 Market Revenue, by Application (2017-2030)
- 8.6.1 Commercial Prime Power Diesel Genset Market Revenue, by Power Rating
- 8.6.2 Prime Power Diesel Genset Market Revenue, by Commercial Application
  - 8.6.2.4 Above 750 kVA prime power diesel genset market revenue, by commercial application
  - 8.6.2.5 Prime power diesel genset market revenue, by commercial application
    - 8.6.2.5.1 Retail establishments prime power diesel genset market revenue, by hours
    - 8.6.2.5.2 Offices prime power diesel genset market revenue, by hours
    - 8.6.2.5.3 Telecom towers prime power diesel genset market revenue, by hours
    - 8.6.2.5.4 Hospitals prime power diesel genset market revenue, by hours
    - 8.6.2.5.5 Hotels prime power diesel genset market revenue, by hours
- 8.6.3 Industrial Prime Power Diesel Genset Market Revenue, by Power Rating
- 8.6.4 Prime Power Diesel Genset Market Revenue, by Industrial Application
  - 8.6.4.3 Above 750 kVA prime power diesel genset market revenue, by industrial application
8.7 Market Revenue, by State (2017-2030)

Chapter 9. Competitive Landscape

9.1 List of Market Players and Their Offerings
9.2 Product Comparison of Key Players
9.3 Recent Strategic Developments of Market Players
- 9.3.1 Product Launches
- 9.3.2 Geographical Expansion
- 9.3.3 Other Developments

Chapter 10. Company Profiles

10.1 Kirloskar Oil Engines Limited
- 10.1.1 Business Overview
- 10.1.2 Product and Service Offerings
- 10.1.3 Key Financial Summary
10.2 Ashok Leyland Limited
- 10.2.1 Business Overview
- 10.2.2 Product and Service Offerings
- 10.2.3 Key Financial Summary
10.3 Greaves Cotton Limited
- 10.3.1 Business Overview
- 10.3.2 Product and Service Offerings
- 10.3.3 Key Financial Summary
10.4 VE Commercial Vehicles Limited
- 10.4.1 Business Overview
- 10.4.2 Product and Service Offerings
10.5 Mahindra Powerol Ltd.
- 10.5.1 Business Overview
- 10.5.2 Product and Service Offerings
10.6 Cummins India Ltd.
- 10.6.1 Business Overview
- 10.6.2 Product and Service Offerings
- 10.6.3 Key Financial Summary
10.7 Caterpillar Inc.
- 10.7.1 Business Overview
- 10.7.2 Product and Service Offerings
- 10.7.3 Key Financial Summary
10.8 Cooper Corporation Pvt. Ltd.
- 10.8.1 Business Overview
- 10.8.2 Product and Service Offerings
10.9 Kohler Power India Ltd.
- 10.9.1 Business Overview
- 10.9.2 Product and Service Offerings
10.10 Tractors and Farm Equipment Limited
- 10.10.1 Business Overview
- 10.10.2 Product and Service Offerings
10.11 Escorts Limited
- 10.11.1 Business Overview
- 10.11.2 Product and Service Offerings
- 10.11.3 Key Financial Summary

Chapter 11. Appendix

11.1 Abbreviations
11.2 Sources and References
11.3 Related Reports