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India Diesel Generator Market Size (2024 - 2029)

The India Diesel Generator Market is projected to experience growth over the forecast period, driven by the demand for reliable power supply and the extensive use of diesel generators in sectors such as healthcare and IT. Technological advancements are expected to further enhance the market's expansion. However, the market may encounter challenges due to the increasing shift towards renewable energy sources aimed at reducing greenhouse gas emissions. Despite these challenges, diesel generators remain a crucial power source in the manufacturing sector, with India's ambition to become a global manufacturing hub by 2030 presenting significant opportunities for market growth.

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Market Size of India Diesel Generator Industry

India Diesel Generator Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.27 Billion
Market Size (2029) USD 1.57 Billion
CAGR (2024 - 2029) 5.40 %
Market Concentration Medium

Major Players

India Diesel Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Diesel Generator Market Analysis

The India Diesel Generator Market size is estimated at USD 1.27 billion in 2024, and is expected to reach USD 1.57 billion by 2029, at a CAGR of 5.40% during the forecast period (2024-2029).

  • Over the medium period, factors such as growing power outages and rapid urbanization are anticipated to drive the market's growth during the forecast period.
  • On the other hand, the Indian diesel generator market may face hurdles in the near future due to the growing trend of renewable power generation, particularly in industries that have targeted reducing greenhouse gas emissions.
  • Nevertheless, the development of hybrid energy systems​ and emergence of smart diesel generator sets equipped with digital tools. Such developments are anticipated to create significant opportunities for the market.

India Diesel Generator Industry Segmentation

A diesel generator is a device that combines a diesel engine and an electric generator to generate electricity. This is an example of an engine generator. A diesel compression-ignition engine is typically built to run on diesel fuel, but specific models are also designed to run on other liquid fuels or natural gas.

The India diesel generator market is segmented by power ratings, end user, and application. By power rating, the market is segmented into Below 75 KVA, 75-350 kVA, and Above 350 kVA. By end-user, the market is segmented into residential, commercial, and industrial. By application, the market is segmented into Standby Backup Power, Prime/Continuous Power, and Peak Shaving Power. The market sizing and forecasts are based on revenue (USD) for each segment.

Power Rating
Below 75 kVA
75-350 kVA
Above 350 kVA
End-User
Residential
Commercial
Industrial
Application
Standby Backup Power
Prime/Continuous Power
Peak Shaving Power
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India Diesel Generator Market Size Summary

The Indian diesel generator market is poised for growth, driven by the need for reliable power supply across various sectors, including healthcare and IT. The market is expected to expand significantly over the forecast period, supported by technological advancements and the country's ambition to become a global manufacturing hub by 2030. The Make in India initiative is anticipated to create substantial opportunities for diesel generators, which are essential as both prime and standby power sources in manufacturing. Despite the challenges posed by the increasing adoption of renewable energy sources, diesel generators remain crucial in sectors where uninterrupted power is vital, such as hospitals and commercial enterprises.

The commercial segment is projected to dominate the market, fueled by the rapid expansion of the service sector, which encompasses hospitals, hotels, IT, and telecommunications. The service sector's significant contribution to India's gross value added (GVA) underscores its importance. Additionally, the IT and business services market is experiencing robust growth, further driving demand for diesel generators. However, the market faces potential constraints from the government's push towards greener energy solutions, as evidenced by the substantial increase in renewable energy capacity. Despite these challenges, the diesel generator market in India is expected to continue its growth trajectory, supported by key industry players and ongoing infrastructure developments.

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India Diesel Generator Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD, till 2029

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Growing Power Outages

        2. 1.5.1.2 Improvement in Technology of Diesel Generator

      2. 1.5.2 Restraints

        1. 1.5.2.1 Increasing Adoption Of Alternative Energy Sources

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Rating

      1. 2.1.1 Below 75 kVA

      2. 2.1.2 75-350 kVA

      3. 2.1.3 Above 350 kVA

    2. 2.2 End-User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Industrial

    3. 2.3 Application

      1. 2.3.1 Standby Backup Power

      2. 2.3.2 Prime/Continuous Power

      3. 2.3.3 Peak Shaving Power

India Diesel Generator Market Size FAQs

The India Diesel Generator Market size is expected to reach USD 1.27 billion in 2024 and grow at a CAGR of 5.40% to reach USD 1.57 billion by 2029.

In 2024, the India Diesel Generator Market size is expected to reach USD 1.27 billion.

India Diesel Generator Market Report Snapshots

India Diesel Generator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)