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.
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.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Key Companies Profiled||Ashok Leyland, Caterpillar Inc., Cummins India Ltd., VE Commercial Vehicles Ltd., Greaves Cotton Limited, Kirloskar Oil Engines Ltd., Kohler Co., Mahindra & Mahindra Ltd., Cooper Corporation Private Limited, Escorts Limited|
|Unit Denominations||USD Million/Billion|
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.
Based on End-Users:
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:
Frequently Asked Questions
A. The India Diesel Generator Market is projected to grow at a CAGR of around 6% during 2022-27.
A. A growing number of healthcare facilities equipped with multiple machinery & equipment that require uninterrupted energy flow is the prime aspect projected to drive the India Diesel Generator Market through 2027.
A. The growing inclination of the leading players toward bringing technological advancements in diesel generators is an emerging trend in the India Diesel Generator Market.
A. The Commercial sector is anticipated to emerge as an area of remunerative opportunities for the leading players in the India Diesel Generator Market over the forecast years.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Macroeconomic Outlook
5. India Diesel Generator Market Analysis, 2017-2027F
5.1. Market Size & Analysis
5.1.2. Units Sold
5.2. Industry Revenue Shares & Outlook
5.2.1. By Power Rating
220.127.116.11. 5 KVA to 75KVA
18.104.22.168. 75.1 KVA to 375 KVA
22.214.171.124. 375.1 to 750 KVA
126.96.36.199. 750.1 KVA to 1000 KVA
188.8.131.52. Above 1000 KVA
5.2.2. By Type
184.108.40.206. Stand By
220.127.116.11. Prime & Continuous Power
18.104.22.168. Peak Shaving
5.2.3. By End Users
5.2.4. By Region
22.214.171.124. North East
5.2.5. By Company
6. 5 KVA to 75KVA Diesel Generator Market Analysis, 2017-2027F
6.1. Market Size & Analysis
6.1.1. Industry Revenues
6.1.2. Industry Volumes
6.2. Market Share & Analysis
6.2.1. By Type
6.2.2. By End Users
7. 75.1 KVA to 375KVA Diesel Generator Market Analysis, 2017-2027F
7.1. Market Size & Analysis
7.1.1. Industry Revenues
7.1.2. Industry Volumes
7.2. Market Share & Analysis
7.2.1. By Type
7.2.2. By End Users
8. 375.1 KVA to 750KVA Diesel Generator Market Analysis, 2017-2027F
8.1. Market Size & Analysis
8.1.1. Industry Revenues
8.1.2. Industry Volumes
8.2. Market Share & Analysis
8.2.1. By Type
8.2.2. By End Users
9. 750.1 KVA to 1,000 KVA Diesel Generator Market Analysis, 2017-2027F
9.1. Market Size & Analysis
9.1.1. Industry Revenues
9.1.2. Industry Volumes
9.2. Market Share & Analysis
9.2.1. By Type
9.2.2. By End Users
10. Above 1,000 KVA Diesel Generator Market Analysis, 2017-2027F
10.1.Market Size & Analysis
10.1.1. Industry Revenues
10.1.2. Industry Volumes
10.2.Market Share & Analysis
10.2.1. By Type
10.2.2. By End Users
10.2.3. By Region
11. India Diesel Generator Industry Policy & Regulations
12. India Diesel Generator Industry Trends & Development
13. India Diesel Generator Industry Dynamics
14. India Diesel Generator Industry Sales & Distribution Channel Analysis
15. India Diesel Generator Industry, Customer Survey
15.2.Expectations from Vendors
15.5.Current Brand Satisfaction Level
16. India Diesel Generator Industry Vendor Selection Criteria
17. India Diesel Generator Industry Porters Five Forces Analysis
18. India Diesel Generator Industry Growth Opportunities & Hotspots
19. India Diesel Generator Industry Key Strategic Imperatives for Growth & Success
20. Competitive Benchmarking
20.1.1. Product Portfolio
20.1.2. Target Markets
20.1.3. Target End Users
20.1.4. Research & Development
20.1.5. Strategic Alliances
20.2.Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
20.2.1. Ashok Leyland
20.2.2. Caterpillar Inc.
20.2.3. Cummins India Ltd.
20.2.4. VE Commercial Vehicles Ltd.
20.2.5. Greaves Cotton Limited
20.2.6. Kirloskar Oil Engines Ltd.
20.2.7. Kohler Co.
20.2.8. Mahindra & Mahindra Ltd.
20.2.9. Cooper Corporation Private Limited
20.2.10. Escorts Limited