- The commercial sector in India has been growing over the recent past which can be observed with increase in residential property launches in India.
- By nature, organized sector is expected to rule the market with 69.8% and 55.6% on both the basis of revenue and on the basis of volume respectively in 2027. This could be mainly due to industrial and commercial sector dominating the market.
Rising awareness of a green world: Due to Mahindra & Mahindra Ltd.'s dedication to a greener world, the India Diesel Genset Market is expected to experience rapid expansion in the years to come. It has developed India's first gas generator that is low maintenance, quiet, and requires no fuel handling. Growing power failures, especially in rural regions, are driving rising demand for electricity, which is pushing the demand for an effective power supply.
Shift Towards Newer and Cleaner Technology: The Indian diesel generator rental market incorporates portable generators with built-in sensors to offer automatic triggering of loads and technological improvements in portable fuel generators to lessen the risk of carbon monoxide (CO) poisoning. Additionally, the supplier has a growing portfolio of various generator sizes, as well as adaptable rental packages that are designed to meet the customer's budgetary and time-sensitive power and fuel requirements.
Growing Foreign Investments & Technological Advancements: Diesel fuel rental market share is complemented by increasing foreign investment and continued technological development, including high reliability and performance. Frequent power cuts and blackouts, as well as aging transmission and distribution lines, will have a positive impact on the outlook for the sector. Without additional equipment, rental units can be set up quickly and then dismantled to support other projects once demand is met.
Government Initiatives: Government initiatives such as Make in India, Atmanirbhar Bharat and Performance Based Incentive Schemes (PLI) are expected to create robust demand for backup power in the manufacturing sector.
Driven by supporting government policies and privacy laws, high demand from the construction and healthcare sector is expected due to the urgent need for high voltage for power and electrical equipment. The country is also expected to witness the construction and location of data centers.
Analysts at Ken Research in their latest publication “India Diesel Generator Rental & Leasing Market Outlook to 2027F– Driven by government initiatives in manufacturing sector along with growing foreign investments and technological advancements” by Ken Research observed that Power Generation market is an emergent market in India at a rebounding stage from the economic crisis after pandemic. The rising residential property launches, advancement in manufacturing sector, increased foreign investment and technological advancement is expected to contribute to the market growth over the forecast period. The India Power Generation market is expected to grow at a CAGR of 14.6% over the forecasted period 2023F-2027F.
Key Segments Covered:-
India Diesel Generator Rental & Leasing Market
By Types of Type of KVA Ratings
Below 100 KVA
100.1-350 KVA
350.1-750 KVA
750.1-1000 KVA
Above 1000 KVA
By Type of Verticals
Construction
IT & Telecom
Manufacturing
Healthcare
Residential
Others
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By Type of Application
Industrial
Commercial
Residential
By Regional Demand on the basis of volume
North
South
West
East
By Nature on the basis of revenue
Organized
Unorganized
Key Target Audience
Power Generator Providers
Diesel Engine Distributors
Diesel Engine Manufacturers
Investors In Power Sector
Leasing Agencies
Government Bodies & Regulating Authorities
Power Generator Suppliers
Organizations, industry associations, forums
End-Users include Telecom, Commercial complex,
Market research and consulting firms
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Time Period Captured in the Report:-
Historic Period:2017-2022
Base Year: 2022
Forecast Period: 2021– 2027F
Companies Covered:-
Diesel Engine Providers
Sudhir Power
Kohler Power
Cummins
Ashok Leyland
Kirloskar
Mahindra Powerol
Tafe Motors And Tractors
Gmmco Limited
Perfect Generator Technologies Pvt. Ltd.
Power Mak Industries LLP
Modern Energy Rental Pvt. Ltd.
Perennial Technologies
Key Topics Covered in the Report:-
India Power Generation market Overview
Ecosystem of India Power Generation market
Business Cycle and Genesis of India Power Generation market
Industry Analysis of India Diesel Generator Rental & Leasing Market
SWOT Analysis of India Diesel Generator Rental & Leasing Market
Key Growth Drivers in Dental Service Market in India
Major Challenges and Bottlenecks in India Diesel Generator Rental & Leasing Market
Regulatory Framework in India Diesel Generator Rental & Leasing Market
Competitive Landscape in in India Power Generation market
Market Share of Major Diesel Engine Providers in India Power Generation market
Detailed Analysis on India Power Generation market (Market Size and Segmentation, 2017-2022; Future Market Size and Segmentation, 2022-2027F)
Market Opportunity and Analyst Recommendations
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