According To TechSci Research, India power generation engines market stood at more than 164 thousand units in 2019 and would continue to grow in the coming years due to increasing construction projects as well as rapid pace of industrialization in the country. Moreover, presence of reputed power generation engine manufacturers in India is anticipated to have a positive impact on the market in the coming years.
Based on end use, the India power generation engines market can be segmented into industrial, commercial and residential. Among these, commercial power generation engines segment was the largest segment by volume in 2019 and is expected to dominate the market during the forecast period as well on account of dominating share of services sector in Indian economy. Based on fuel type, the market can be segmented into diesel, petrol and gas. Among these, diesel engines garnered the largest market share in India power generation engines market in 2019 and are expected to maintain dominance during the forecast period as well owing to their low operational cost, high demand from commercial and industrial segments coupled with easy availability of diesel in India.
In terms of regional analysis, the market has been segmented into North, East, West and South region. Among these, North India accounted for the highest market share in 2019 and is expected to hold its dominance during the forecast period which can be attributed to development of North India in terms of rising urbanization, growing number of business enterprises and robust infrastructure growth across the region. However, the ongoing pandemic COVID-19’s impact in India has triggered an economic slowdown, which might hamper the market for power generation engines across the country.
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Major players operating in India power generation engines market include Mahindra & Mahindra Limited, Cummins India Limited, Kirloskar Oil Engines Limited, Caterpillar India Private Ltd and others which include Escorts Group, Ashok Leyland Ltd, Atlas Copco (India) Ltd., Greaves Cotton Limited, etc.
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading power generation engine manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in power generation engines market in India.
TechSci Research calculated India power generation engines market size using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as power generation engines manufacturers, suppliers, distributors and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.
Report Scope:
In this report, India power generation engines market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
o Diesel
o Petrol
o Gas
o Industrial
o Commercial
o Residential
o 5 – 75 HP
o 76 – 350 HP
o 351 – 750 HP
o Above 751 HP
o North
o East
o West
o South
Competitive Landscape
o Kirloskar Oil Engines Limited
o Cummins India Private Limited
o Mahindra & Mahindra Ltd
o Ashok Leyland Limited
o Eicher Motors Limited
o Escorts Group
o Caterpillar India Pvt Ltd
o Mitsubishi Heavy Industries Limited
o Atlas Copco (India) Ltd.
o General Electric Company
Company Profiles: Detailed analysis of the major companies present in India power generation engines market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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