Market Size of India Portable Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Portable Generator Market Analysis
The Indian portable generator market is expected to register a CAGR of over 4.4% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Various factors, such as favorable government regulations to reduce emissions generated from high-rated diesel-generated sets, are expected to drive the market during the forecast period.
- On the other hand, the market studied may face hurdles shortly due to the growing trend of renewable power generation, particularly in industries that have targeted reducing greenhouse gas emissions.
- Nevertheless, the increasing popularity of portable hybrid generators and the rising reliability of the hybrid system may be an opportunity for the industry. Portable generators will reduce costs and dependence on a single fuel. This, in turn, is expected to provide a significant opportunity for portable generator manufacturers in the near future.
India Portable Generator Industry Segmentation
Portable generators provide electricity by running a gas or diesel-powered device, which provides electrical power. These generators are easily movable. They are mostly preferred when the situation is temporary, and the power requirement is low.
The India Portable Generator Market is Segmented by Power Rating (Below 5 kW, 5-10 kW, and Above 10 kW), Fuel Type (Gas, Diesel, and Other Fuel Types), and End-user (Industrial, Commercial, and Residential). The report offers the market size and forecasts in USD billion for all the above segments.
| By Power Rating | |
| Below 5 kW | |
| 5-10 kW | |
| Above 10 kW |
| By Fuel Type | |
| Gas | |
| Diesel | |
| Other Fuel Types |
| By End-user | |
| Industrial | |
| Commerial | |
| Residential |
India Portable Generator Market Size Summary
The Indian portable generator market is poised for growth, driven by favorable government regulations aimed at reducing emissions from high-rated diesel generators. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. The industrial sector, encompassing small and medium-scale manufacturing, agriculture, and construction, is a significant consumer of portable generators, with the demand expected to rise due to the country's economic growth. The increasing adoption of portable hybrid generators presents a promising opportunity, as these systems offer cost savings and reduced reliance on a single fuel source. However, the market faces challenges from the growing trend of renewable energy adoption, which could impact the demand for traditional generators.
The shift towards cleaner energy solutions is further supported by government initiatives and regulations. The Central Pollution Control Board's strategy to reduce pollution from old diesel generators and the revised emission norms are expected to boost the use of portable gas generators, which are seen as a more environmentally friendly alternative. The government's efforts to provide 24x7 electricity in urban areas may also reduce reliance on diesel generators, encouraging the adoption of portable alternatives. The market is moderately fragmented, with key players like Honda India Power Products Ltd, Yamaha Motor Co. Ltd, and Kirloskar Oil Engines Ltd actively participating in the sector. Innovations such as Kirloskar's iGreen Version 2.0, which offers improved fuel efficiency and remote monitoring, highlight the ongoing advancements in generator technology.
India Portable Generator Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Market Size And Demand Forecast In USD Billion, Till 2027
-
1.3 Government Policies And Regulations
-
1.4 Recent Trends And Developments
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 PESTLE Analysis
-
-
2. MARKET SEGMENTATION
-
2.1 By Power Rating
-
2.1.1 Below 5 kW
-
2.1.2 5-10 kW
-
2.1.3 Above 10 kW
-
-
2.2 By Fuel Type
-
2.2.1 Gas
-
2.2.2 Diesel
-
2.2.3 Other Fuel Types
-
-
2.3 By End-user
-
2.3.1 Industrial
-
2.3.2 Commerial
-
2.3.3 Residential
-
-
India Portable Generator Market Size FAQs
What is the current India Portable Generator Market size?
The India Portable Generator Market is projected to register a CAGR of greater than 4.40% during the forecast period (2024-2029)
Who are the key players in India Portable Generator Market?
Honda India Power Products Ltd, Yamaha Motor Co. Ltd,, Mitsubishi Heavy Industries Ltd, Mahindra & Mahindra Limited and Kirloskar Oil Engines Ltd are the major companies operating in the India Portable Generator Market.
