Market Forecast By Rating (Up to 100 kVA, 100.1 kVA - 375 kVA, 375.1 kVA - 1,000 kVA and Above 1,000 kVA), By Verticals (Industrial, Commercial and Residential), By Applications (Standby Power, Primary Power, and Peak Shaving), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape
| Product Code: ETC000529 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 3 |
According to 6Wresearch internal database and industry insights, the India Gas Genset Market is projected to grow at a compound annual growth rate (CAGR) of 7.6% during the forecast period (2025–2031).
| Report Name | India Gas Genset Market |
| Forecast period | 2025-2031 |
| CAGR | 7.8% |
| Growing Sector | Industrial |
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Years | Est. Annual Growth (%) | Growth Drivers |
| 2020 | 2.40% | Moderate adoption of small-scale gas gensets in industrial clusters. |
| 2021 | 3.80% | Gradual shift from diesel to cleaner fuel-based backup systems. |
| 2022 | 5.20% | Infrastructure growth and increasing preference for low-emission generators. |
| 2023 | 6.40% | Rising industrial power demand and gas network expansion in metro cities. |
| 2024 | 7.10% | Government focus on cleaner technologies and cost optimization in industrial power generation. |
The India Gas Genset Market report thoroughly covers the market by rating, verticals, applications, and regions. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers that will help stakeholders devise and align strategies according to current and future market dynamics.
The India Gas Genset Market is expected to witness healthy growth as the emphasis on clean energy develops, along with more reliable power and rapid industrialization. The growing use of natural gas and biogas-based generator sets in place of diesel is creating considerable opportunity. Urbanization, infrastructure development, and distributed or localized energy generation are all spurring adoption in the industrial, commercial, and residential segments. Furthermore, the growth of the market across the country is being supported by government initiatives focused on increasing gas pipeline delivery infrastructure and reducing emissions.
Below mentioned are some prominent drivers and their influence on the India Gas Genset Market dynamics:
| Drivers | Primary Segments Affected | Why it Matters (Evidence) |
| Growing Natural Gas Availability | Industrial, Commercial | Expansion of CGD (City Gas Distribution) networks ensures consistent fuel supply for gas gensets. |
| Transition Toward Cleaner Power Solutions | All Verticals | Shift from diesel to gas gensets supports India’s emission reduction targets under National Clean Energy Policy. |
| Rising Power Demand in Industrial & Commercial Sectors | Industrial, Commercial | Increasing power outages and demand for continuous energy drive genset installations. |
| Supportive Government Initiatives (PNGRB, Ujjwal Bharat 2047) | All Verticals | Policies promoting natural gas infrastructure and clean fuel usage enhance genset deployment. |
| Advancement in Hybrid and CHP Systems | Industrial, Commercial | Integration of combined heat and power (CHP) systems improves efficiency and fuel savings. |
India Gas Genset Market is expected to grow steadily at 7.6% CAGR between 2025 and 2031, The India Gas Genset Market is growing on account of the increasing demand for cleaner, reliable power solutions across all industries. The India Gas Genset Market Growth can be primarily attributed to the government initiatives that promote the use of natural gas such as the PNGRB City Gas Distribution Policy and Ujjwal Bharat 2047. Additionally, increasing industrialization, urban infrastructure, and adoption of combined heat and power (CHP) systems will also support the expansion of the market. Furthermore, increasing awareness of fuel efficiency and emissions reduction will support gas genset adoption in all regions of the country.
Below mentioned are some major restraints and their influence on the India Gas Genset Market dynamics:
| Restraints | Primary Segments Affected | What this Means (Evidence) |
| High Initial Installation Cost | Industrial, Commercial | Higher capital cost than diesel gensets restricts adoption among small users. |
| Limited Gas Pipeline Connectivity in Remote Areas | Residential, Eastern Region | Lack of infrastructure limits availability of gas in non-urban zones. |
| Intermittent Gas Supply & Price Fluctuations | Industrial | Dependence on gas distribution networks creates operational uncertainty. |
| Low Consumer Awareness About Long-Term Benefits | Residential | Perception of high cost hinders awareness about lifecycle savings. |
| Competition from Diesel Gensets | All Verticals | Diesel generators still dominate due to low upfront cost and widespread service networks. |
The India Gas Genset Industry is growing due to the rising demand for cleaner and reliable power sources in multiple industries. The growth of the market is being accelerated by government-led initiatives that push for the use of natural gas, such as the PNGRB City Gas Distribution Policy and Ujjwal Bharat 2047. Furthermore, increasing industrialization, the urban infrastructure, and the adoption of combined heat and power (CHP) systems are all contributing to the growth of the market. Furthermore, fuel efficiency and emission reduction awareness enhances the adoption of these systems across the country.
Several significant trends are impacting India Gas Genset Industry:
Some of the notable investment opportunities are:
Below is the list of prominent companies leading in the India Gas Genset Market Share:
| Company Name | Caterpillar Inc. |
| Established Year | 1925 |
| Headquarters | Texas, USA |
| Official Website | Click Here |
Caterpillar provides a wide range of gas-powered gensets designed for industrial and commercial applications with advanced control systems for optimal efficiency.
| Company Name | Cummins India Ltd. |
| Established Year | 1962 |
| Headquarters | Pune, India |
| Official Website | Click Here |
Cummins offers natural gas and biogas gensets known for their durability, high efficiency, and low emissions suited for continuous power generation.
| Company Name | Mahindra Powerol |
| Established Year | 2001 |
| Headquarters | Mumbai, India |
| Official Website | Click Here |
Mahindra Powerol manufactures gas gensets tailored for residential, commercial, and telecom applications, emphasizing fuel economy and reliability.
| Company Name | KOEL Green (Kirloskar Oil Engines Ltd.) |
| Established Year | 1946 |
| Headquarters | Pune, India |
| Official Website | Click Here |
KOEL Green provides environment-friendly gas gensets suitable for standby and continuous power, focusing on performance and low operating cost.
| Company Name | Greaves Cotton Ltd. |
| Established Year | 1859 |
| Headquarters | Mumbai, India |
| Official Website | Click Here |
Greaves Cotton develops compact and efficient gas generators catering to small industries and urban commercial users with strong after-sales support.
According to Indian Government data, The Government of India has implemented several initiatives to encourage clean energy and efficient backup power sourcing. Furthermore, under the Pradhan Mantri Urja Ganga Project, gas pipeline networks have extended throughout several regions. The Ujjwal Bharat 2047 and National Green Hydrogen Mission facilitate the transition to clean fuel, encouraging industry to shift to gas-based gensets. The PNGRB City Gas Distribution Policy seeks to enhance access to natural gas for commercial and industrial power needs and supports market growth directly.
The India Gas Genset Industry is projected to maintain strong momentum as gas infrastructure expands and emission standards tighten. Rising industrialization, along with the adoption of hybrid and biogas systems, will drive new investment opportunities. Furthermore, technological advancements in IoT-based analytics, cogeneration, and smart grid integration are expected to improve operational efficiency and reliability. Furthermore, the market will transition toward sustainability, reduced emissions, and digital power management, positioning India as a hub for clean and efficient energy solutions.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ritika Kalra, Senior Research Analyst, 6Wresearch, 375.1 kVA–1,000 kVA gensets are projected to dominate the India Gas Genset Market Share due to their high demand in industrial and commercial sectors requiring stable continuous power. These gensets offer optimized efficiency for large-scale operations and are preferred for industries like manufacturing, data centers, and hospitality, where uninterrupted power is critical.
Industrial applications lead the market owing to rising investments in manufacturing, oil & gas, and processing industries. The sector requires reliable and sustainable power backup to maintain production continuity. Commercial and residential sectors are growing steadily, driven by urbanization and smart building projects that increasingly favor gas gensets for their eco-friendly performance.
Standby Power holds the largest share due to the widespread use of gas gensets in commercial complexes, hospitals, and industrial plants for emergency backup. Primary Power applications are growing in remote industrial zones and gas-powered captive plants, while Peak Shaving is emerging in energy-intensive facilities optimizing grid costs.
The Western region dominates the India Gas Genset Market due to strong industrial infrastructure in Maharashtra and Gujarat, supported by developed CGD networks and high commercial power consumption. The Southern region follows closely with rising adoption across IT hubs and manufacturing clusters, while Northern and Eastern regions are witnessing gradual expansion with ongoing pipeline connectivity improvements.
The report offers a comprehensive study of the subsequent market segments:
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of The Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. Global Gas Genset Market Overview |
| 3.1. Global Gas Genset Market Revenues (2021-2031F) |
| 3.2. Global Gas Genset Market Revenue Share, By Regions (2024) |
| 4. India Gas Genset Market Overview |
| 4.1. India Gas Genset Market Revenues & Volume (2021-2031F) |
| 4.2. India Gas Genset Market Industry Life Cycle |
| 4.3. India Gas Genset Market Value Chain Analysis |
| 4.4. India Gas Genset Market Porter's Five Force Model |
| 4.5. India Gas Genset Market Revenue Share, By Rating (2021 & 2031F) |
| 4.6. India Gas Genset Market Revenue Share, By Verticals (2021 & 2031F) |
| 4.7. India Gas Genset Market Revenue Share, By Applications (2021 & 2031F) |
| 4.8. India Gas Genset Market Revenue Share, By Regions (2021 & 2031F) |
| 5. India Gas Genset Market Dynamics |
| 5.1. Impact Analysis |
| 5.2. Market Drivers |
| 5.2.1 Increasing demand for reliable and uninterrupted power supply due to frequent power outages in India |
| 5.2.2 Growing awareness and adoption of cleaner and more sustainable energy solutions |
| 5.2.3 Government initiatives and policies promoting the use of gas gensets for power generation |
| 5.3. Market Restraints |
| 5.3.1 High initial investment cost of gas gensets compared to traditional diesel gensets |
| 5.3.2 Limited availability and accessibility of natural gas infrastructure in certain regions of India |
| 5.3.3 Lack of awareness and education among consumers about the benefits and capabilities of gas gensets |
| 6. India Gas Genset Market Trends |
| 7. India Gas Genset Market Overview, By Rating |
| 7.1. India Gas Genset Market Revenues & Volume, By Up to 100 kVA (2021-2031F) |
| 7.2. India Gas Genset Market Revenues & Volume, By 100.1 kVA-375 kVA (2021-2031F) |
| 7.3. India Gas Genset Market Revenues & Volume, By 375.1 kVA-1,000 kVA (2021-2031F) |
| 7.4. India Gas Genset Market Revenues & Volume, By Above 1,000 kVA (2021-2031F) |
| 8. India Gas Genset Market Overview, By Verticals |
| 8.1. India Gas Genset Market Revenues, By Industrial Vertical (2021-2031F) |
| 8.2. India Gas Genset Market Revenues, By Commercial Vertical (2021-2031F) |
| 8.3. India Gas Genset Market Revenues, By Residential Vertical (2021-2031F) |
| 9. India Gas Genset Market Overview, By Applications |
| 9.1. India Gas Genset Market Revenues, By Standby Power Application (2021-2031F) |
| 9.2. India Gas Genset Market Revenues, By Primary Power Application (2021-2031F) |
| 9.3. India Gas Genset Market Revenues, By Peak Shaving Application (2021-2031F) |
| 10. India Gas Genset Market Overview, By Regions |
| 10.1. India Northern Region Gas Genset Market Revenues (2021-2031F) |
| 10.2. India Eastern Region Gas Genset Market Revenues (2021-2031F) |
| 10.3. India Western Region Gas Genset Market Revenues (2021-2031F) |
| 10.4. India Southern Region Gas Genset Market Revenues (2021-2031F) |
| 11. India Gas Genset Market Price Trend |
| 12. India Gas Genset Market Key Performance Indicators |
| 12.1 Average utilization rate of gas gensets in India |
| 12.2 Number of new gas genset installations in key industrial sectors |
| 12.3 Adoption rate of gas gensets in residential and commercial segments |
| 12.1. India Energy Sector Outlook |
| 12.2. Government Spending Outlook in India |
| 12.3. Power Capacity Addition Targets in India |
| 13. India Gas Genset Market Opportunity Assessment |
| 13.1. India Gas Genset Market Opportunity Assessment, By Rating (2024) |
| 13.2. India Gas Genset Market Opportunity Assessment, By Verticals (2024) |
| 14. India Gas Genset Market - Competitive Landscape |
| 14.1. India Gas Genset Market Players Revenue Share (2024) |
| 14.2. Competitive Benchmarking, By Operating Parameters |
| 14.3. Competitive Benchmarking, By kVA Rating |
| 15. Company Profiles |
| 15.1. Cummins India Ltd. |
| 15.2. Caterpillar India Pvt. Ltd. |
| 15.3. Ashok Leyland |
| 15.4. Mahindra & Mahindra Ltd. |
| 15.5. Cooper Corporation Pvt. Ltd. |
| 15.6. Generac Power Systems Inc. |
| 15.7. F.G. Wilson Inc. |
| 15.8. Kohler Power India Pvt. Ltd. |
| 15.9. Green Power International Pvt. Ltd. |
| 15.10. Kirloskar Oil Engines Ltd. |
| 16. Key Strategic Notes |
| 17. Disclaimer |
Market Forecast By Rating (Up to 100 kVA, 100.1 kVA - 375 kVA, 375.1 kVA - 1,000 kVA and Above 1,000 kVA), By Verticals (Industrial, Commercial and Residential), By Applications (Standby Power, Primary Power, and Peak Shaving), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape
| Product Code: ETC000529 | Publication Date: Dec 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 120 | No. of Figures: 55 | No. of Tables: 18 |
Latest 2021 Developments:
India Gas Genset Market is witnessing innovation as on 15th July 2019, Caterpillar introduced a new gas the engine which can drop fuel use and cost drastically broadens the range of fuels that can be used and maintain greenhouse gas footprint. Last week the Wärtsilä 20DF dual-fuel engine has been improved to produce higher power while using less energy. Maharashtra State Power Generation Company Limited has received a tender from Maharashtra state govt regarding Comprehensive Annual Work Contract for Operation and Maintenance of Ozone Generating Plant. BHEL has received a tender from Uttaranchal govt regarding Establishment of An In-Premises Oxygen Manufacturing Plant on Boom (Built-Own-Operate & Maintain) Basis and Supply of Oxygen & Nitrogen Gases and Liquid Nitrogen Through It For 5 Years Period.
To enquire about latest release please click here
Previous Release:
India gas Genset market recorded a declining trend over the past 2-3 years owing to lower product awareness coupled with strict emission norms by the Central Pollution Control Board (CPCB) of India. However, surging environmental awareness is predicted to result in a consumer shift from diesel Genset towards gas Genset over the coming years. Further, the gas Genset market is projected to recover in near future on account of improving gas pipeline infrastructure in the country along with government efforts towards creating consumer awareness regarding environment-friendly products, development of City Gas Distribution (CGD) network, and subsidy on using renewable resources.
According to 6Wresearch, India gas Genset market size is projected to reach $31 million by 2024. Due to the launch of new norms, the market, especially in industrial verticals which includes the power utility segment, was majorly impacted during the last few years. This also resulted in increased prices of gas Gensets, which further impacted the growth of the market during 2014-17. Standby power applications bagged the highest India gas Genset market share in 2017, while peak shaving and primary power applications contributed nearly 15% altogether.

Furthermore, in terms of gas Genset rating, the 375.1 kVA-1000 kVA segment captured the largest India gas Genset market revenue share while low rating Genset up to 100 kVA attributed to the largest market volume share in 2017. With the ongoing demand for medium rating gas Genset from commercial and industrial segments, the 100.1 kVA-375 kVA segment is projected to exhibit high growth during the forecast period.
The India gas Genset market report thoroughly covers the India gas Genset market by rating, verticals, applications, and regions. The India gas Genset market outlook report provides an unbiased and detailed analysis of the India gas Genset market trends, opportunities/ high growth areas, and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
India Gas Genset Market takes estimates and forecasts the market of the gas Genset by verticals, applications, rating, and regions. The report details are analyzed based on the ongoing trends, opportunities, and high growth areas according to the market. India gas Genset market is anticipated to gain traction in the coming years backed by the increased grid development in the country coupled with rapid growth in industries such as infrastructure, telecommunication, information technology, and IT-enabled services. Also, an increase in chronic power shortages and rapid growth across various industrial verticals is expected to turn the Indian gas Genset market into a highly competitive and organized market in the upcoming six years. Also, an increase in the energy requirement in the country is expected to drive potential market growth for the India gas Genset market in the coming years.
India gas Genset market is estimated to witness promising growth during the forecast period 2020-26F backed by rising constructional projects like Bharat mala projects has been stared to create highways for efficient movement tends to require uninterpretable power system equipment at times of power failure has led to evolving gas Genset adoption in the country. Moreover, the rising gas pipeline infrastructure in the country requires gas gen-sets to operate and in the agriculture sector to power water pumps to ensure stable water supply to perform the irrigation process. these key components act as a backbone for the promising future growth of India gas Genset market during the forecast period.
India gas Genset market is projected to gain popularity in the coming timeframe on the back of the rising need for uninterruptible power supply source systems in the country. India gas Genset is experiencing extensive growth due to the accelerating use of gas Genset in rural areas to keep on the parties and in religious programs, As in India, rural areas attain less electricity access where gas Gensets plays a significant role in providing adequate electricity access during power outages. Additionally, rising construction sector like char Dham expressway is expected to paving the way towards the robust demand for gas Genset by proving emergence power during construction in remote areas and where the absence of power grid, Gas Genset is likely to consider best at times of emergency and is expected to spur the enormous growth of India gas Genset market in the upcoming six years.
India gas Genset market is projected to secure tremendous growth in the forthcoming years backed by the growth of the industrial landscape in the country therefore the is impacting positively by rising product adoption especially in the manufacturing sector to power machinery during power outages.
The top key players operating in India gas Genset market are General electric company, Kohler co, Cummins Inc, Caterpillar Inc, and Kirloskar electric company limited.
Key Highlights of the Report:
• India Gas Genset Market Overview
• India Gas Genset Market Outlook
• India Gas Genset Market Forecast
• Historical data of Global Gas Genset Market for the Period, 2014-2017
• Market Size & Forecast data of Global Gas Genset Market, until 2024
• Historical and Forecast data of India Gas Genset Market Revenues for the Period, 2014-2024
• Historical data of India Gas Genset Market, By Rating for the Period, 2014-2017
• India Gas Genset Market Size and India Gas Genset Market Forecast, By Rating, until 2024
• Historical data of India Gas Genset Market, By Verticals for the Period, 2014-2017
• Market Size & Forecast data of India Gas Genset Market, By Verticals until 2024
• Historical data of India Gas Genset Market, By Applications for the Period, 2014-2017
• Market Size & Forecast data of India Gas Genset Market, By Applications, until 2024
• Historical and Forecast data of India Gas Genset Market, By Regions for the Period, 2014-2024
• Market Drivers and Restraints
• India Gas Genset Market Trends and Opportunities
• Industry Life Cycle and Value Chain Analysis
• Porter's Five Forces Analysis
• India Gas Genset Market Share, By Players
• India Gas Genset Market Overview on Competitive Landscape
• Competitive Benchmarking, and Company Profiles
• Recommendations
Markets Covered:
The India gas Genset market report provides a detailed analysis of the following market segments:
• By Ratings
o Up to 100 kVA
o 100.1 kVA - 375 kVA
o 375.1 kVA - 1,000 kVA
o Above 1,000 kVA
• By Verticals
o Industrial
o Commercial
o Residential
• By Applications
o Standby Power
o Primary Power
o Peak Shaving
• By Regions
o Northern
o Eastern
o Western
o Southern