How companies are reacting to the recent diesel genset ban in North India. It is noteworthy to ponder that India’s Diesel Genset market is expected to reach US$ 2.3 billion by 2030, with an annual growth rate of more than 7.2%.
Wilmington, Delaware, Oct. 11, 2023 (GLOBE NEWSWIRE) -- India Diesel Genset Market value is US$ 1.4 billion in 2023 and is expected to grow at a significant CAGR of over 7.2% over the forecast period of 2023-2030, according to the latest market report by RationalStat Genset
Market Definition, Market Scope, and Report Overview
A diesel genset, or diesel generator set, is a power generation system that combines a diesel engine and an electric generator (alternator). Diesel generators are widely utilized in a variety of applications, including backup power supply, distant power generation, construction sites, industrial facilities, commercial structures, and residential regions that require a consistent source of electricity.
Rapid urbanization, infrastructural expansion, and the emergence of new enterprises all contribute to an increase in the demand for dependable power sources. Diesel generators play an important role in sustaining this growth by providing temporary or backup electricity.
According to a deep-dive market assessment by RationalStat, the India Diesel Genset market has been analyzed on the basis of market segments, including portability, power rating, application, end use and geography/regions (including North India, West & Central India, South India, East India). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the India Diesel Genset market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the India Diesel Genset market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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India Diesel Genset Market: Segmental and Market Share Analysis
On the basis of end use, commercial segment is expected to be the largest market during the forecast period due to the rapid growth in the service sector which is expected to rise even more during the forecast period.
Rising Infrastructure Investment in Different Sectors
Growing Data Centre and IT Industry
Increasing construction and Mining Activities in the Country
Kirloskar Oil Engines Limited (KOEL)
Bharat Heavy Electricals Limited (BHEL)
Larsen & Toubro (L&T)
Mechanical Studies and Construction Company (SDMO)
Doosan Infracore India Private Limited
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Competition Analysis and Market Structure
Players engaged in manufacturing of diesel genset adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the India diesel genset market growth include Cummins India Limited, Kirloskar Oil Engines Limited (KOEL), Mahindra Powerol Limited, Bharat Heavy Electricals Limited (BHEL), Larsen & Toubro (L&T), Ashok Leyland Limited, Generac India Private Limited, Societe d’Etudes et de Constructions Mecaniques (SDMO), Kohler Power Systems LLC, Doosan Infracore India Private Limited, and Caterpillar, among others.
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RationalStat has segmented the India diesel genset market based on portability, power rating, application, end use and region
India Diesel Genset Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Portability
India Diesel Genset Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Power Rating
India Diesel Genset Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
India Diesel Genset Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End Use
India Diesel Genset Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
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Key Questions Answered in the Diesel Genset Report:
What will be the market value of the India Diesel Genset market by 2030?
What is the market size of the India Diesel Genset market?
What are the market drivers of the India Diesel Genset market?
What are the key trends in the India Diesel Genset market?
Which is the leading region in the India Diesel Genset market?
What are the major companies operating in the India Diesel Genset market?
What are the market shares by key segments in the India Diesel Genset market?
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RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
Defining the problem by understanding the type of market and data required by the client.
Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
Evaluating and analyzing the data by referring to data sources utilized and leveraged.
Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
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