India Diesel Genset Market Summary

 The India diesel genset market is expected to grow at a CAGR of XXXX% during the forecast period 2019-2025. The market is projected to reach USD XXXX million by 2021. In terms of size, the market is estimated to be worth Rs. XXXX crore in 2016 and is expected to grow at a rate of around XXXX%. The market share for diesel gensets in India is estimated to be around XXXX% in 2016 and is projected to grow at a rate of XXXX% during the forecast period.
 
The growth of the India diesel genset market can be attributed to factors such as increasing demand for renewable energy sources, increasing investments in infrastructure development, growing awareness about environmental issues, and improvement in power quality standards. However, factors such as stringent emissions norms, high cost of equipment, and unfavourable government policies are restraining the growth of the diesel genset market.

India Diesel Genset Market Size

The India diesel genset market is projected to grow at a CAGR of over XXXX% from 2019 to 2025, owing to the increase in demand for renewable energy sources such as solar and wind. This market is expected to be worth $XXXX billion by 2021.
 
This report segments the diesel genset market on the basis of country, application, type, and region. On the basis of country, the market is divided into India and China. On the basis of application, it is divided into power generation (including industrial and commercial) and transmission/distribution. The market is further categorized into small (100 kW to 500 kW), and large (>500 kW). On the basis of type, it is divided into natural gas-fuelled and oil-fired engines. The market is further segmented into commercial and industrial applications.
 
India dominates the diesel genset market with a share of over XX%. This dominance can be attributed to factors such as increasing demand for renewable energy sources in India, low cost of diesel engine technology in India, high electrification rate in India, and growth in the automotive industry in India. China has emerged as a major player in this market owing to the increasing adoption of electric vehicles among consumers there. In terms of region, Europe substantial share in 2016 due to higher investments in renewable energy by countries such as Germany and France. However, that proportion is likely to decrease due to tough environmental regulations imposed by these countries.

India Diesel Genset Market Share

The India diesel genset market is expected to grow at a CAGR of XXXX% from 2019 to 2025 owing to the increasing demand for renewable energy sources in the country. The market segmentation is based on type, application, and region.
 
By type, the market is divided into small (1 MW). The small diesel genset market is expected to grow at a higher rate than the large diesel genset market owing to the increasing adoption of renewable energy sources in rural areas. By application, the market is divided into residential and commercial. The commercial segment is expected to account for the majority of the market while residential is expected to grow at a slower pace. The region covered in this study includes North America, Europe, Asia Pacific, and Rest of World (RoW).
 
Based on the manufacturer, Trafigura Group Ltd., ABB Corp., Siemens AG, and others are among the leading vendors in this market.

India Diesel Genset Market Trends

The India diesel generator market is expected to grow at a CAGR of XXXX% during the forecast period 2019-2025. The market is expected to be worth US$XXXX million by 2024.
 
The drivers for the growth of the diesel generator market in India include increasing adoption of renewables, increasing demand for power during peak hours, and increased investment in infrastructure projects. In addition, the government’s focus on renewable energy initiatives is expected to drive market growth.
 
The growing urban population and increase in industrial activities are also factors that are likely to drive the demand for diesel generators in India. The government is also encouraging the use of natural gas as an alternate fuel for diesel generators. This is expected to support the growth of the diesel generator market in India.
 
The major players in the diesel generator market in India are GE (US), Mitsubishi Heavy Industries (Japan), Siemens AG (Germany), ABB Ltd. (Switzerland), and Hitachi Construction Machinery Corporation (Japan). These companies are aggressively marketing their products in India, which is expected to propel the growth of this market segment over the next few years.

India Diesel Genset Industry Value Chain

The India diesel genset market is anticipated to the growth during the forecast period 2016-2021. The market has been segmented on the basis of product, technology, and application.

On the product front, there are three types of diesel gensets  induction, turbocharged and supercharged  available in the market. These include single-cylinder, double-cylinder, and multi-cylinder engines. On the technology front, two types of technologies are used  direct drive and belt drive  for different reasons such as weight and manufacturing cost. On the application front, these are mainly deployed in mines, power plants, and refineries.

Some of the key players in this market include Bharat Heavy Electricals Ltd., BHEL (Bharat Earth Movers Limited), Jindal Power Limited, NTPC Limited, REC (Renewable Energy Corporation), and Siemens AG.

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