The rise in the manufacturing industry and demand for power for construction activities are expected to drive the growth of the India Diesel Genset Market.
According to TechSci Research report, “India Diesel Genset Market – By Region, Competition, Forecast & Opportunities, 2028” the diesel generator, widely known as the Diesel Genset, is a type of diesel generator (DG). It generates electrical energy by combining a diesel engine with an electric generator. The DG sets can run consistently for several hours. Different types of DG sets exist, such as Prime Power, Backup Power, and Peak Shaving. Currently, the Government’s focus on development in many areas such as the telecom industry, stores, complexes, theatres, malls, and other applications, commercial is anticipated to dominate the End-user industry sector with a market share of 41.37 percent for the base year 2022.
Investments in infrastructure, including roads, railways, aircraft, shipping, malls, shopping complexes, and inland waterways, are required by India’s government’s expansion and economic development initiative. The Indian government is expected to invest over 60% in infrastructure development by 2030.
The India Diesel Genset Market is dominated by Backup Power Generator in the Application segment, with a market share of 83% in the base year 2022. Owing to major power outages in the country that caterl the need for uninterrupted power supply with the help of diesel Genset as the backup power solution. Small Diesel Generator is dominant by Rating in the India Diesel Genset Market accounting for a share of 42.80% in 2022. owing to wider application in small commercial offices, residential buildings, small industries, shopping malls and others.
Browse over 26 market data Figures spread through 70 Pages and an in-depth TOC on “India Diesel Genset Market”
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The India Diesel Genset market is divided into four regions: west, south, north, and east. In 2022, the West region led the India Diesel Genset Market, followed by the South region. This is due to the presence of important players in the region as well as a large consumer base. Furthermore, due to its dependability and higher fuel efficiency, the diesel generator is gaining popularity in the construction, healthcare, shops, shopping malls, complexes, railways & metro stations, airports, IT industries and new projects such as the smart cities mission, Bharatmala project, AMRUT and many which are likely to boost the market’s growth throughout the forecast period.
Small Diesel Generator (10KVA-375KVA) segment accounted for a market share of 42.80% in the India Diesel Genset Market in FY2022, and it is forecast to grow at a CAGR of 7.63% from 2023E-2028F due to an increase in the demand for electricity supply in high rise building, shops, multiplex, theatres, manufacture, mining, agriculture and many.
Key market players in the India Diesel Genset Market include:
- Powerica Ltd
- Kirloskar Oil Engines Limited
- Cummins India Limited
- Mahindra Powerol
- Jackson Genset
- Sudhir Group Ltd.
- Ashok Leyland Ltd.
- Pioneer Power Service Pvt Ltd
- Power Mak Industries LLP
- Perfect Generator Technologies Private Limited
- Tafe Motors and Tractors Limited
- Marco Gensets Pvt. Ltd.
- Aggreko Energy Rental India Pvt. Ltd.
- Perennial Technologies
- Kohler Power India Pvt Ltd.
Leading businesses are concentrating on increasing their product ranges in order to preserve long-term market growth. The majority of companies in the India Diesel Genset Market are represented in the country through distributors or sales teams.
The leading companies have been substantially working towards lowering environmental pollutants such as nitrogen oxide, carbon emission etc. by the diesel generator. Many big firms are majorly concentrating on upgrading the technological advancement in a diesel generators. As well as rising power demand from various sectors, both of which are expected to give significant prospects for leading corporations in the coming years. which are likely to provide excellent growth in the forecast period.
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“The India Diesel Genset market is expected to expand at a healthy rate during the forecast period. As the Union and state governments started funding and a new initiative in the infrastructure sector, for instance, Tamil Nadu Government start giving a subsidy of USD6.5 thousand on the total cost of power generators with the capacity of 320KVA to end-user industry leads Rise in Renovation and Construction activities in remote areas drive the demand for the market,” said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Diesel Genset Market By Rating (Small Diesel Generator {10KVA-375KVA}, Medium Diesel Generator (375KVA-1000KVA}, Large Diesel Generator {1000KVA+}), By Application (Backup Power, Prime Power, Peak Shaving), By End User Industry (Residential, Commercial, Industrial), By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of India Diesel Genset Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the India Diesel Genset market.
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