India Diesel Generator Market Research Report: Forecast (2022-27)

Market Definition

Diesel generators are the primary energy generation systems used widely across different end-user sectors like residential, industrial, & commercial sectors at times of power outages, grid failures, or emergency power supply requirements. With the rapid expansion of various industries, the diesel generator industry is expanding at a swift pace across India.

Market Insights

The India Diesel Generator Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the growing government focus on infrastructural developments, leading to the expanding healthcare sector & stimulating the demand for diesel generators for uninterrupted & stable flow of electricity. 

Moreover, as the government of India plans to transform its energy generation to renewable resources in the long run to reduce the alarming greenhouse gas emission levels, it shall further boost the diesel generator market in the country over the coming years. Besides, India is anticipated to become a manufacturing hub by 2030 in line with Make in India projects, which, in turn, would also surge the demand for diesel generators and drive the market in the future. 

Moreover, favorable government policies and the active participation of the leading players in attaining advanced technologies in diesel generators for better operational efficiency & cost-effectiveness are other prominent aspects projected to fuel the overall market growth in the years to come.

Impact of Covid-19 on the India Diesel Generator Market

The advent of Covid-19 in 2020 had a decelerating effect on most industries across India, and the diesel generator market was no exception. With the imposition of stringent movement restrictions & frequent lockdowns by the government to curb the spread of this dreadful disease, the leading players in the market witnessed several unprecedented challenges associated with the production & distribution of diesel generators amidst the crisis.

As the government suspended most operations like construction, manufacturing, hotels & hospitality, among others, the demand for diesel generators reduced dramatically and caused massive financial losses to the market players. Besides, manufacturers also faced challenges like disruptions in the supply chain for raw materials, delivery delays, unavailability of labor, shut down of manufacturing units, and increased demand & supply gaps.

However, the demand for diesel generators escalated swiftly across the healthcare sector since it was under massive pressure to accommodate the rising Covid-19 patients, which, in turn, induced a decent hike in the market growth amidst the crisis. Moreover, since the pandemic & government restrictions compelled the public to adopt work from home policies, the leading players in the market witnessed an escalating demand for diesel generators across the residential sector to meet the burgeoning energy consumption requirements for running several appliances & performing day-to-day work with an uninterrupted energy flow.

Market Segmentation

Based on End-Users:

• Industrial 
• Commercial
• Residential

Of all end-users, the Commercial sector is expected to dominate the India Diesel Generator Market with the largest share during 2022-27. It owes principally to the growing government focus on the development of the commercial sector and expanding its offerings throughout the country.

Service sectors like healthcare, food & beverage, hotels, & restaurants, shopping complexes, etc., are the prominent consumers of diesel generators, using them as a primary source for power backup at times of grid failures, power outages, and emergencies.

Besides, active participation of the government through favorable policies, strategies & plans, and massive investments in the commercial sector in line with 'Make in India' projects the rapid expansion of manufacturing industries in the future. It, in turn, shall further augment the demand for diesel generators across the country and fuel the overall market growth through 2027.

Key Questions Answered in the Market Research Report:

1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the India Diesel Generator Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the India Diesel Generator Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the India Diesel Generator Market based on the competitive benchmarking matrix?
5. What are the key results derived from surveys conducted during the India Diesel Generator Market study?

Frequently Asked Questions