Press Release

India Power Generation Engines Market Volume Sales Crossed 160 Thousand Units in 2019

Increasing number of construction projects coupled with growing demand for uninterrupted power supply to drive demand for power generation engines in India

According to TechSci Research report, India Power Generation Engines Market By Fuel Type, By Power, By End Use, By Region, Competition, Forecast & Opportunities, 2025, India power generation engines market stood at an estimated 164 thousand units in 2019. The market is forecast to grow on account of increasing construction projects as well as rapid rate of industrialization across the country.  Moreover, high transmission and distribution losses and insufficient power grid infrastructure and need for uninterrupted power supply is fueling the demand for auxiliary power supply engines. Additionally, presence of major manufacturers of power generation engines in India is also anticipated to supplement the demand for power generation engines in the country.

Browse 33 market data Figures and Tables spread through 70 Pages and an in-depth TOC on "India Power Generation Engines Market"

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On account of rapid industrialization and urbanization, there is an urgent need for providing continuous power supply to sectors such as manufacturing, healthcare or education in the country, irrespective of the size of the business. Consequently, demand for power generators is also increasing at a rapid pace, which in turn, is fueling the demand for power generation engines in India. Based on end use, commercial power generation engines acquired the largest share in volume terms in the market until 2019 as services sector holds a dominant share in Indian economy. In terms of fuel type, the market can be segmented into diesel, petrol and gas. Among these, diesel engine accounted for the largest market share in volume terms in 2019 on account of low operational cost, high coming from commercial and industrial segments coupled with easy availability diesel as a fuel.

In terms of regional analysis, the market has been segmented into North, East, West and South region. Among these, North India acquired the largest market share in 2019 and is expected to hold its dominance during the forecast period as well attributable to rapid urbanization, growing number of business enterprises coupled with multiple ongoing  government infrastructural projects across the region.

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Mahindra & Mahindra Limited, Cummins India Limited, Kirloskar Oil Engines Limited, Caterpillar India Private Ltd and others which include Escorts Group, Ashok Leyland Ltd, Atlas Copco (India) Ltd., Greaves Cotton Limited, etc., are the leading players operating in India power generation engines market. Increase in the production capacity of domestic equipment and power generation manufacturers and diversification of existing product portfolio are anticipated to boost the demand for power generation engines in India. However, outbreak of Novel Coronavirus and its negative effect on global and Indian economy wil hamper the market growth in 2020.

“Rising demand for uninterrupted power supply from various urban and rural housing boards, societies, coupled with surging demand for power generation engines from various application industries such as healthcare, food and beverages, hydel power generation industries, etc., are anticipated to drive power generation engines market in India through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Power Generation Engines Market By Fuel Type, By Power, By End Use, By Region, Competition, Forecast & Opportunities, 2025,  has evaluated the future growth potential of India power generation engines market and provides statistics & information on market size, structure and future market growth. The report intends to provide latest market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India power generation engines market.

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