Energy demand-supply gap, growing public infrastructure, demand for power in off-grid and unreliable grid areas, need to provide continuous power to the manufacturing sector, and rising telecom infrastructure especially in tier 2 & 3 cities are the key factors that are spurring the demand for diesel gensets in India.
According to 6Wresearch, India Diesel Genset Market is projected to reach $2.4 billion by 2021. The market for diesel genset witnessed sluggish demand over the past two years due to slowdown in industrial and construction activities and improving power demand-supply gap, especially in southern region. However, during the forecast period, the market of diesel genset in India is expected to surge owing to need for providing continuous and back-up power across various end user applications in the country.
According to “Avishrant Mani, Senior Research Analyst, Research and Consulting, 6Wresearch,” In India’s Diesel Genset market, small ratings (5KVA-75KVA) diesel genset accounts for leading share both in-terms of revenue and volume. Low cost and usage of these gensets in wide range of applications have contributed to their market dominance. In the forecast period, small ratings diesel genset market is expected to maintain its leadership, where growth of these gensets would be exhibited from SME sector, residential and telecom sector.
“Telecom sector is one of the largest applications for small rating diesel gensets, where these are deployed to power telecom towers in unreliable and off-grid areas. However, telecom department (DoT) has mandated the usage of renewable energy source to power telecom towers, which can affect the market for low rating diesel gensets,” Avishrant further added.
According to “Ravi Bhandari, Research Associate, Research and Consulting, 6Wresearch,” commercial and residential applications captured major share of pie in overall India’s diesel genset market. National infrastructure projects and Government of India’s ‘Make in India’ campaign would boost manufacturing sector, creating the demand for diesel gensets over the next six years.
“Renting diesel genset is a key trend in Indian market, which is primarily captured by unorganized players” Ravi concluded.
Some of the major companies in India Diesel genset market include- Cummins, Kirloskar, Mahindra, Caterpillar, Ashok Leyland, Kohler, Eicher, Escorts, Greaves Cotton, Sonalika and Honda Siel.
“India Diesel Generator/Genset Market (2015–2021)” provides in-depth analysis with 91 figures and 33 tables covered in more than 160 pages. The report estimates and forecast overall India diesel genset market by revenue, volume, KVA rating of diesel gensets and applications such as commercial industrial and residential and regions. The report also gives the insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.