India Gas Generator Market Size (2024 - 2029)

India Gas Generator Market Analysis

In India, the market for gas generators is expected to register a CAGR of more than 4.5% over the next few years. In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.

• In recent years, the demand for gas generators has grown because more people know that natural gas is a clean and reliable fuel, more people are worried about diesel maintenance and refueling problems, the price of natural gas fuel has gone down, and people want to be more responsible for the environment in general.
• But the gas generator market is likely to face problems in the coming years due to the lack of pipeline connections to the gas grid. This makes it hard to get fuel.
• Future opportunities for market participants are likely to come from the commercial and industrial sectors of emerging economies, the residential sectors of developed economies, and the growing need for power in defense operations.

India Gas Generator Industry Segmentation

A gas generator is a device that generates electricity by burning gas. Furthermore, a gas generator is a type of generator that runs on natural gas instead of gasoline or diesel. India's gas generator market is segmented by capacity rating and end-user. By capacity rating, the market is segmented into less than 75 kVA, 75 - 375 kVA, and more than 375 kVA. By end-user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the gas generator market. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).