Press Release

Diesel Gensets Market in India to Surpass $ 1.2 Billion by 2022

Rising demand for power backup and increasing investments in infrastructure and construction projects to boost India diesel gensets market during forecast period

According to a recently published TechSci Research report India Diesel Gensets Market By Rating, By End User, Competition Forecast and Opportunities, 2012-2022”, diesel gensets market in India is forecast to reach $ 1.24 billion by 2022. Diesel gensets can be used as a prime source of power in remote locations where there is no access to grid for the supply of electricity. Also, diesel gensets provide continuous electricity supply in diverse commercial sectors such as IT/ITeS, mining or quarrying, oil and gas, etc. in cases when electricity grid is limited or unavailable.

Browse 33 market data Tables and 43 Figures spread through 178 Pages and an in-depth TOC on "India Diesel Gensets Market, 2022"

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India’s energy consumption increased by 8% in 2015 and by 5.2% in 2016. Growing infrastructure, rising urbanization, inadequate transmission & distribution infrastructure and lack of quality power supply in the country are among the major factors boosting diesel gensets market in India. In India, electricity distribution pattern is uneven due to longer distances between power sources and end users. Moreover, power gridlines are not inter-linked and often result in inadequate power supply. By 2025, India’s construction sector is expected to reach $ 1,000 billion, and become the third largest construction market across the globe. With anticipated increase in construction activities across the country, the demand for diesel gensets is expected to rise in near future.

As of 2016, diesel gensets market in India was majorly dominated by low and medium voltage diesel gensets, owing to ease of availability, low cost and increasing adoption of these gensets in a wide range of applications across the country. Few major companies operating in India diesel gensets market include Cummins India Limited, Kirloskar Oil Engines Limited, Mahindra Powerol Limited, Caterpillar India Limited, Ashok Leyland Limited, Greaves Cotton Limited and Others.

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Increasing power outages and load shedding propels the demand for diesel gensets in India. Moreover, growing infrastructure and rising urbanization adds to the demand. The deployment of diesel gensets as an instantaneous power supply source is expected to grow in India over the next five years. Demand for diesel gensets is expected to continue growing across residential as well as commericial end-user sectors through 2022.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global energy management consulting firm.

 India Diesel Gensets Market By Rating, By End User, Competition Forecast and Opportunities, 2012-2022” has evaluated the future growth potential of India diesel gensets market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Moreover, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India diesel gensets market.

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