India Diesel Generator Market Size & Outlook, 2022-2030
India diesel generator market, 2019-2030 (US$M)
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India diesel generator market highlights
- The India diesel generator market generated a revenue of USD 1,273.8 million in 2022 and is expected to reach USD 3,165.1 million by 2030.
- The India market is expected to grow at a CAGR of 12.1% from 2023 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2022.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
Diesel generator market data book summary
| Market revenue in 2022 | USD 1,273.8 million |
| Market revenue in 2030 | USD 3,165.1 million |
| Growth rate | 12.1% (CAGR from 2022 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, High Power Gensets |
| Key market players worldwide | Atlas Copco AB Class A, Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Honda Motor Co Ltd, Kohler, Rolls-Royce Holdings PLC, Wartsila Corp |
Other key industry trends
- In terms of revenue, India accounted for 8.4% of the global diesel generator market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China diesel generator market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,165.1 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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India diesel generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diesel generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 48.11% in 2022. Horizon Databook has segmented the India diesel generator market based on low power gensets, medium power gensets, high power gensets covering the revenue growth of each sub-segment from 2019 to 2030.
India is one of the fastest-growing economies globally owing to the rising middle-class population, increasing disposable income of younger generation, and business-friendly government reforms. Generator set industry in India is inclined toward diesel as a raw material, however the diesel generator market in India has experienced challenges over the past few years because of stringent pollution regulations, and growing demand for gas generators.
However, the market is projected to grow in coming years as diesel generator manufacturers are making efforts to come up with standard products that are compliant with the Central Pollution Control Board (CPCB) II emission norms. Moreover, growing consumer awareness for clean fuel for the generation of electricity is projected to restrain the demand for diesel generator in India.
The growth of the Indian economy has led to the significant development in infrastructure activities, mainly led by smart cities industrial corridors and special economic zones. Smart cities are part of development plan that aim to transform cities using data driven solution. These solutions integrate facilities, infrastructure, and citizens to efficiently manage need of urban areas.
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Target buyers of India diesel generator market databook
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Our clientele includes a mix of diesel generator market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India diesel generator market , including forecasts for subscribers. This country databook contains high-level insights into India diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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India diesel generator market size, by power rating, 2019-2030 (US$M)
India Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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