India Diesel Generator Market (2019-2025) | Size, Share, Growth, Trends, Drivers, Restraints – 6Wresearch

India Diesel Generator Market Overview

The India diesel generator market is projected to grow at a CAGR of XXXX% during 2018-2022. The report analyzed the market across various segments, including commercial and industrial applications, medium and heavy-duty vehicles, and renewables. In terms of market share, the commercial and industrial applications segment is expected to account for the largest share in the Indian diesel generator market during 2018-2022.

Some of the key reasons contributing to the growth of the Indian diesel generator market are increasing demand for renewable energy sources such as solar power and wind turbines, increasing adoption of electric vehicles, and decreasing emission requirements in various countries across Asia Pacific region.

The report also provides a detailed analysis of key vendors operating in the Indian diesel generator market. Some of these key vendors include Cummins Inc., ABB Ltd., Mitsubishi Heavy Industries Ltd., Caterpillar Inc., Hyundai Rotem Co., Ltd., Siemens AG, and Hitachi Power Systems Corporation.

India Diesel Generator Market Size

The diesel generator market size in India is estimated at USD XXXX billion in 2016 and is expected to grow at a CAGR of XXXX% from 2017 to 2024. The country has a large population and an extensive infrastructure that make it an ideal market for generators.

The major factors driving the growth of the diesel generator market in India are increasing urbanization, growing industrialization, rising demand for electricity, and an increase in electrified vehicles. The increasing popularity of electric vehicles is expected to drive the growth of the diesel generator market in the country over the next decade.

Some of the leading vendors operating in the diesel generator market in India are Siemens AG (Germany), General Electric Co (U.S.), Mitsubishi Heavy Industries Ltd (Japan), Hitachi Ltd (Japan), Toshiba Corp (Japan), and Siemens Energy Services GmbH (Germany).

India Diesel Generator Market Share

The diesel generator market in India is estimated to be worth USD XXXX billion by 2024, growing at a CAGR of around XXXX% during the forecast period.

The major factors propelling the growth of the diesel generator market in India include increasing demand from infrastructure and renewable energy sectors, as well as stringent emission norms for new commercial vehicles. The government’s focus on promoting green energy initiatives is also expected to drive the demand for diesel generators in the country.

Some of the key players in the Indian diesel generator market are iGate Infraprojects Private Limited, Mahindra Group, Cummins Inc., and BHEL Corporation.

The report provides a comprehensive analysis of the market, including drivers, restraints, market trends, and competitive landscape. The report also highlights the key players in the market and their offerings.

India Diesel Generator Market Growth (2019-2025)

The India diesel generator market is expected to grow at a CAGR of XXXX% during 2019-2025. The market is driven by the increasing demand for renewable energy in the country and the growing infrastructure development programs.

The India diesel genset market is dominated by two major players i.e. Mahindra & Mahindra (M&M) and Siemens AG. M&M is estimated to account for XX% share of the overall market in 2019, followed by Siemens with XX%. The market is forecast to reach US$ XXXX million by 2025, growing at a CAGR of XXXX%.

The major drivers of the Indian diesel generator market are the increasing demand for renewable energy in the country and the growing infrastructure development programs. The market is also expected to be supported by the growth of the construction sector, which is a key end-user of diesel generators.

Some of the key challenges that the Indian diesel generator market is expected to face include rising input costs, stringent emission norms, and fluctuations in solar and wind power prices.

India Diesel Generator Market Drivers & Restraints

The diesel generator market size in India was estimated at USD XXXX billion in 2016 and is projected to grow at a CAGR of XXXX% during 2019-2024. The market has been rapidly growing owing to the increasing demand for power in infrastructure projects, as well as the rise in industrial production.

The market drivers include the increasing need for power generation in infrastructure projects and rising industrial production. The market restraints include the high cost of diesel fuel and stringent environmental regulations.

Some of the leading players in the diesel generator market in India are Mahindra & Mahindra, Larsen & Toubro, Siemens AG, and General Electric.

India Diesel Generator Market Trends

The diesel generator market in India is expected to grow at a CAGR of XXXX% during 2016-2021. The market is driven by the increasing demand for renewable energy and the rise in the adoption of electric vehicles in India. The increasing industrialization and urbanization in the country are also expected to drive the growth of the diesel generator market in India.

The prime area for the growth of the diesel generator market in India is Uttar Pradesh. Other key markets include Maharashtra, Tamil Nadu, Andhra Pradesh, Bihar, and West Bengal. The major players operating in the diesel generator market in India are Mahindra Electric Power (MEPCO), Larsen & Toubro Ltd., JSW Energy Limited, Bharat Heavy Electricals Limited (BHEL), Siemens AG, General Electric Company (GE), Mitsubishi Heavy Industries Ltd., Toshiba Corporation Ltd., and UTC Aerospace Systems Inc.

The major drivers of the market are the increasing demand for renewable energy, the rise in the adoption of electric vehicles, and the increasing industrialization and urbanization in the country. However, some key restraining factors include the high cost of diesel fuel, the low availability of power, and environmental concerns.

Competitive Analysis of the India Diesel Generator Market

The diesel genset market in India is expected to grow at a CAGR of XXXX% during the forecast period 2015-2025, owing to the increasing requirement for generators for critical applications such as electric power and transportation. The market has been segmented on the basis of product, region, and application.

On the product front, there are two types of diesel generators—diesel-fueled engines (DFE) and turbodiesels. The DFE category accounted for more than half of the market in 2014 and is expected to continue dominating the market through 2025. The North America region is projected to be the leading region for this type of generator, followed by Europe. On the other hand, the turbodiesel category is projected to grow rapidly during the forecast period owing to its better fuel efficiency and lower emissions. This category is expected to account for almost one-third of the market by 2025.

The regional segmentation includes North America, Europe, Asia Pacific (APAC), Latin America/Caribbean, and Middle East & Africa (MEA). The APAC region is expected to account for a larger share of the diesel generator market than any other region during the forecast period. This could be due to rising infrastructure investments in this region and increasing demand from fast-growing economies such as China and India.

The application segmentation includes the industrial sector, utility sector, transportation sector, and others. The industrial sector is expected to dominate the utility sector during the forecast period. This is due to the increasing requirement for diesel generators for critical applications such as electric power and transportation. The transportation sector is expected to grow at a faster rate than any other application, owing to the growing need for efficient diesel generators in vehicles.