Press Release

India Diesel Genset Rental Market to Witness Robust Growth through 2024

Unreliable power supply to drive diesel genset rental market in India until 2024

According to TechSci Research report, India Diesel Genset Rental Market By Ratings, By Verticals, By Region, By Company, Competition, Forecast & Opportunities, 2024,” the India diesel genset rental  market is forecast to grow at a robust CAGR during 2019-2024, owing to the rising construction activities on account of smart cities and infrastructure development across various parts of the country. Additionally, gensets are also used to provide back-up power across a widespread range of application areas such as construction, residential and commercial verticals. However, improving the power supply situation in the residential sector is likely to hamper the growth of market during forecast period. Additionally, growing adoption of solar energy and other forms of renewable energy can further restrict the growth of market.

The India diesel genset rental market is segmented based on ratings, verticals, region and company. Based on ratings, the market can be fragmented into below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA and above 1000KVA. Below 100KVA segment is expected to dominate the market attributable to the low ownership cost, ease of availability, and higher usage across numerous applications such as construction, telecom infrastructure, among others. Based on verticals, the market can be categorized into power utilities, construction, manufacturing and others. The construction segment dominates the market owing to the increasing infrastructural spending and booming construction industry in India.

Aggreko Energy Rental India Pvt. Ltd., Perennial Technologies Pvt. Ltd., Tractors India Pvt. Ltd., Marco Gensets Pvt. Ltd., Sudhir Power Ltd., Pioneer Power Service Pvt. Ltd., Cummins India Limited, Kirloskar Oil Engines Limited (KOEL), Ashok Leyland Ltd., Kohler India Corporation Pvt Ltd. and others are some of the leading players operating in India Diesel Genset Rental  market.

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“India is one of the largest and fastest growing economies in the APAC region and is expected to create huge opportunities for the diesel genset rental market over the next fifth years. Additionally various ambitious initiatives taken by the government of India such as the Smart Cities Mission, Make in India campaign, Saubhagya Scheme as well as Housing for All 2022, among others are some of the plans which will help in the expansion of power utilities and other verticals in the country.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Diesel Genset Rental Market By Ratings, By Verticals, By Region, By Company, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of India Diesel Genset Rental market and provides statistics & 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 Diesel Genset Rental market.


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