Press Release

Kirloskar Oil Engines and Mahindra Powerol Continue to Lead India Low & Medium Rating Diesel Genset Market

Booming manufacturing and retail sectors, increasing technology transfer and associations with international players, and government initiatives such as Smart City Mission, AMRUT and Namami Gange to drive India low & medium rating diesel genset market through 2024

According to TechSci Research report, India Low & Medium Rating Diesel Genset Market By End User, By Customer Sub-Segment, By State, By kVA Rating, By Engine Supplier, Competition Forecast & Opportunities, 2013 - 2024’’, India low & medium rating diesel genset market is projected to surpass $ 740 million by 2024, on account of growing commercial sector, implementation of stringent pollution norms and growing number of scheduled/unscheduled power cuts in the country. Moreover, lower capital cost and easy availability in comparison to gas gensets is further likely to steer growth in India low & medium rating diesel genset market during the forecast period. Kirloskar Oil Engines and Mahindra Powerol held largest individual shares in the country’s low & medium rating diesel genset market in 2017, owing to higher brand awareness, strong channel partners and comparatively better technology being offered by both the players.

Browse 18 market data Tables and 48 Figures spread through 118 Pages and an in-depth TOC on "India Low & Medium Rating Diesel Genset Market"

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Low rating diesel gensets dominate India low & medium rating diesel genset market, as they majorly cater to commercial and residential sectors. Commercial sector accounted for the largest end user share in terms of value in 2017, owing to large demand from telecom and retail sectors. Maharashtra, Uttar Pradesh, Gujarat and Karnataka are the largest demand generating states for low & medium rating diesel gensets in India, on account of growing industrialization and commercialization in these states. Several smart cities along with industrial projects, high-rise buildings and commercial centers are being developed in the states.

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“As of 2017, Maharashtra had the highest GSDP at current prices, accounted for around 15% of the country’s GDP. As of December 2017, Maharashtra and Gujarat cumulatively accounted for around 35% of the total real estate investments in India. As a result, these two states are expected to keep generating huge demand for low & medium rating diesel gensets in the coming years. Moreover, growing demand for hybrid renewable energy systems and increasing focus on prompt operations and maintenance services are expected to positively influence the country’s low & medium rating diesel genset market during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


India Low & Medium Rating Diesel Genset Market By End User, By Customer Sub-Segment, By State, By kVA Rating, By Engine Supplier, Competition Forecast & Opportunities, 2013 - 2024” has evaluated the future growth potential of India low & medium rating diesel genset 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 decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India low & medium rating diesel genset market.


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