India Portable Generator Market to be Dominated by Industrial Segment Through 2028

Increasing demand for uninterrupted power supply, inaccurate grid structure along with speedy population growth and industrialization are driving the portable generator market across the country.

According to the TechSci Research report, “India Portable Generator Market - By Region, Competition Forecast & Opportunities, 2018-2028,” the India portable generator market is expected to grow in the forecast period, 2024-2028F. The COVID-19 pandemic in 2020 raised the need for portable generators across the country as temporary testing and treatment facilities and grid interruptions necessitated the need for portable electricity. Several factors, including the expanding demand for electricity, the unstable grid infrastructure, the need for solutions for emergency backup power, and the necessity for a steady supply of electricity, are propelling the market for portable generators. Furthermore, the requirement for a reliable and consistent electrical supply has led to the development of backup power systems and portable generators, both of which are lightweight and portable. However, because of the increased demand for battery backup systems and other greener sources of standby power, it is projected that the market for portable generators is expected to see growth limitations.

A recent World Bank analysis projects that India is expected to invest USD 840 billion over the next 15 years, or USD 55 billion annually, on urban infrastructure due to the rapidly expanding urban population throughout the nation. India's urban population is projected to grow to 600 million people by 2036, or 40% of the country's total population. As a result of increased demand for services including clean drinking water, dependable electricity supply, and effective and secure road transportation, Indian cities already overburdened urban infrastructure and services are anticipated to be further stressed. So, it is anticipated that throughout the forecast period, there is expected to be an increase in demand for portable generators. Now, approximately 75% of municipal infrastructure is funded by the union and state governments, with urban local bodies (ULBs) contributing the remaining 15% of the total through their own surplus funds.

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The India Portable Generator market is divided into Power Rating, Fuel Type, Application and End Use, Region and Competitive Landscape. Based on power rating, the market is segmented into Below 5kW, 5kW-10kW, and Above 10kW. On the basis of fuel type, the market is segmented into Gasoline, Diesel, Natural Gas, and Other. Based on application, the market is segmented into temporary and primary. The market is segmented as residential, commercial and industrial based on end use.

The industrial sector, which is further broken down into the end-use sectors of mining, oil and gas, and construction, among others, dominated the portable generator market nationwide. This is due to increased infrastructure spending by the government on the construction of highways, railroads, and parking lots for commercial vehicles. Also, it is projected that the industrial sector is expected to grow alongside the manufacturing sector.

According to fuel type, the gasoline sector is expected to hold the greatest market share in the coming years, from 2024 to 2028F, while the natural gas sector is expected to grow more swiftly over the course of the forecast period, from 2024 to 2028. Due to the abundance of fuel stations, which is expected to boost demand, gasoline portable generators are significantly less expensive when used to power portable generators for a shorter amount of time. However, escalating worries regarding diesel maintenance and refueling problems, falling natural gas fuel prices, increased awareness of natural gas as a dependable and clean fuel, and a general desire to be more environmentally conscious have all affected demand for gas generators. The easy availability of fuel is thus expected to continue to have a positive impact on the expansion of the portable generator industry.

Recent Developments:

Cummins Power Systems, a part of Cummins Inc the parent company of Cummins India Limited, revealed the Onan QG 2800i and 2500i, a new range of gasoline and liquid propane (LP) generator sets.

Key market players in the India portable generator market include:

• Honda Siel Power Products Limited
• Kirloskar Oil Engines Ltd. (KOEL)
• Mahindra Powerol Limited
• Kohler Power India Private Limited
• Greaves Cotton Limited
• Atlas Copco (India) Limited
• Himalayan Power Machines Mfg Co
• Generac Power Systems Inc
• Perfect House Pvt Ltd
• Yamaha Motor Co Ltd
• Mitsubishi Power India Private Limited
• Cummins India Limited

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“The India Portable Generator market is expected to boost in the upcoming years and maintain a high CAGR during 2024-2028F due to the rising demand for electricity, the erratic state of the grid, demand for remedies for emergency backup power, and the requirement for a consistent supply of electricity. Extreme weather also disrupts the usual power supply, prompting many businesses to use backup power sources, such as severe rain, heat waves, storms, cyclone and fog. In addition, a variety of government programs assist the sector. For instance, In December 2021, India's Ministry of Road Transport and Highways (MoRTH) announced investments worth USD92.4 billion for infrastructure projects. Under the "Housing for Everyone" initiative, the government aims to significantly increase the availability of affordable housing units for low- and middle-income cohorts by 2022, and it is anticipated that this would result in an increase in the use of portable generators throughout the nation. Therefore, the market for portable generator across the country is expected to rise in the forecast period, 2024-2028F.” said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Portable Generator Market By Power Rating (Below 5kW, 5kW-10kW, and Above 10kW), By Fuel Type (Gasoline, Diesel, Natural Gas, and Other), By Application (Temporary and Primary), By End Use (Residential, Commercial, and Industrial), By Region, Competition Forecast & Opportunities, 2028F,” has evaluated the future growth potential of India portable generator market and provides statistics and information on market structure, size, share, and future 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 the India portable generator market.

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