Report Overview

India Prime Power Diesel Genset Market is growing due to the vast gap between demand and supply of power in India. The Indian telecommunication industry largely depends on prime power diesel gensets as they provide power backup that facilitates the increasing demand of high–speed telecommunication services. Moreover, government projects like Housing for All by 2022, the Make in India Campaign, Saubhagya Scheme, and the introduction of new–generation gensets with high energy–efficiency and environment–friendly features are also fueling the growth of India Prime Power Diesel Genset Market.

India Prime Power Diesel Genset Market – Industry Trends & Forecast Report 2028

India Prime Power Diesel Genset Market was worth USD 146.4 million in 2021 and is projected to reach USD 287.8 million by the year 2028, exhibiting a CAGR of 10.2% in the forecast period. This is mainly due to the vast gap between demand and supply of power in India and the introduction of energy–efficient and eco–friendly gensets. The novel projects and initiatives of the Government of India, like Housing for All by 2022, and the Development of Smart Cities, will increase the demand for prime power diesel gensets for commercial, industrial, and residential purposes. Moreover, the continuous power requirement of the fast–growing telecommunication industry for installing telecom towers and data centers is also expected to drive India prime power diesel genset market during the forecast period 2022–2028.

Prime Power Diesel Genset – Overview

A diesel genset is used to generate electricity with the help of a diesel engine and an electric generator. Prime power generators are capable of running for a prolonged period of time at variable loads. The variable load should not exceed 70% of the average prime power rating during any operational period of 250 hours. In India, generators are extensively used for commercial purposes to ensure a constant supply of power. Generators are installed in/for offices, educational institutions, construction sites, shopping complexes, railway stations, mining sites, hospitals, hotels, defense, telecom, transportation, and logistics, etc.

India Prime Power Diesel Genset Market Forecast and Trends

Growth Drivers

Vast Gap Between Power Demand and Supply

Considering India's humungous 1.5 billion population, a vast gap exists between power demand and supply. The power supply is not possible in rural India as villages lack proper grid connection; however, cities also experience substantial power cuts. This is attributed to the relentless use of air conditioners to beat the heatwave and increased residential power usage due to work–from–home jobs. According to the Ministry of Culture, in 2020, thermal power accounted for 75% of the total power generation. Moreover, according to the Central Electricity Authority, 16 out of 135 thermal power plants had zero coal stocks as of 29th September 2021. Due to this crisis, the Indian government reversed its policy and continued importing coal for the next three years. A continuous power supply is essential for rapid urbanization and industrialization; therefore, this gap in power demand and supply will drive the growth of India's prime power diesel genset market.

Increased Government Initiatives

The Government of India has come up with multiple initiatives for the development of various sectors. Some of the major plans are: Housing for All by 2022, Make in India Campaign, Saubhagya Scheme, and Development of Smart Cities. These plans will stimulate the development of manufacturing infrastructure and power utilities. Due to the rising commercial and industrial usage, the demand for continuous power supply will increase, which will stimulate India prime power diesel genset market. Moreover, the residential usage of power will also increase after the successful completion of these projects due to the increased prevalence of remote jobs.

Restraints

High Pricing and High Installation and Maintenance Costs

The pricing of diesel generators varies on the basis of their power rating, compliance to standards, fuel used, add-ons like cooling and wheel kit, automatic voltage regulation, automatic safety shut down, services like AMC, warranty, and competition. As per The Economic Times, while the price of a 15KVA industrial generator ranges from Rs 2.5 to Rs 3 lakh, the price of a 100–200 KVA industrial generator varies from Rs 5.4 lakh to Rs 10.7 lakh. The largest industrial generators with power ratings of 1000–2000 KVA cost over Rs 1.5 crore. The price of residential generators varies from as low as Rs 32,000 for an 850 VA petrol-powered generator to Rs 1.01 lakh–Rs 1.83 lakh for a 4–6.5 KVA generator. The initial installation costs and maintenance costs of these generators are also high. This is due to changing the engine oil, checking the coolant level, changing the filter, and cleaning the cooling system.

Impact of COVID–19 on India Prime Power Diesel Genset Market

Initially, the India Prime Power Diesel Genset market was severely impacted during the Covid–19 pandemic. The uncontrollable spread of the virus led to lockdown restrictions, and manufacturing plants were shut down. The sale of generators fell due to the decreased demand for electricity for industrial and commercial purposes. However, during the second wave of Covid–19, the demand for generators spiked in the healthcare facilities due to increased hospitalization and unexpected needs of hospitals. The demand for prime power diesel gensets is expected to rise in the forecast period as the Indian economy has reopened. The increased use of gensets for commercial and industrial purposes will lead to intensified industrialization in India and eventually lead to enhanced revenue generation.

India Prime Power Diesel Genset Market – By Power Rating

Based on power rating, the India Prime Power Diesel Genset Market is segmented into 5 kVA–75 kVA, 76 kVA–375 kVA, 376 kVA–750 kVA, and above 750 kVA. Amidst the segmentation, the 5 kVA–75 kVA segment is expected to grow with the highest CAGR during the forecast period 2022–2028. This is attributed to the large–scale deployment of these generators in infrastructure, telecom towers, and construction areas. Moreover, a large number of companies in the unorganized and organized sectors are expected to manufacture innovative and diversified diesel gensets for both the domestic and export markets.

India Prime Power Diesel Genset Market – By Application

Based on application, the India Prime Power Diesel Genset Market is segmented into commercial, industrial, and residential. Amidst the segmentation, the commercial segment dominated the market in 2021 due to high power demand and consumption by healthcare facilities like hospitals, clinics, laboratories, pharmacies, etc. The same segment is expected to grow with the highest CAGR during the forecast period 2022–2028. This is attributed to the increased demand for power for commercial purposes like telecom, construction, hospitals, hotels, railway stations, etc. As power outages are costly in the commercial sector, the prime power diesel generators act as a form of insurance. This is because they provide backup power and saves the revenue lost due to the inadequacy of power for operations.

Competitive Landscape

The key players operating in India prime power diesel genset market are Kirloskar Oil Engines Limited, Ashok Leyland Limited, Greaves Cotton Limited, VE Commercial Vehicles Limited, Mahindra Powerol Ltd., Cummins India Ltd., Caterpillar Inc., Cooper Corporation Pvt. Ltd., Kohler Power India Ltd., Tractors and Farm Equipment Limited, Escorts Limited, and other prominent players. In February 2022, Honda India Power Products Limited crossed a cumulative production milestone of 5 million units. This is attributed to their portable generator Model EM650, efficient engines, and water pump range, which Indian farmers immensely appreciate. Various key marketing strategies like agreements, joint ventures, partnerships, etc. help in increasing the customer base and expanding business.

Recent Development

• In August 2021, Cummins India launched its 'Made–in–India' diesel generator set QSK60 G23 at the company's 60th Annual General Meeting in Pune. The novel generator has a capacity of 2500–2750 kVA and is capable of minimizing downtime.

• In March 2021, Mahindra Powerol launched a manufacturing plant for its Perkins range of Diesel Generators. This will be carried out by Mahindra Powerol’s leading manufacturer and service provider, Perfect Generators Technologies Pvt. Ltd.

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2018–2021
	Base Year – 2021
	Estimated Year – 2022
	Forecast – 2022 – 2028
Facts Covered	Revenue in USD Million
Product Service/Segmentation	By Power Rating, By Application, By Region
Market Coverage	India (Uttar Pradesh, Andhra Pradesh, Madhya Pradesh, Bihar, Karnataka, Gujarat, Tamil Nadu, Rajasthan, West Bengal, Jharkhand, Chhattisgarh, Others)
Key Players	Kirloskar Oil Engines Limited, Ashok Leyland Limited, Greaves Cotton Limited, VE Commercial Vehicles Limited, Mahindra Powerol Ltd., Cummins India Ltd., Caterpillar Inc., Cooper Corporation Pvt. Ltd., Kohler Power India Ltd., Tractors and Farm Equipment Limited, Escorts Limited, and other prominent players.

 

By Power Rating

• 5 kVA–75 kVA

• 76 kVA–375 kVA

• 376 kVA–750 kVA

• Above 750 kVA

By Application

• Commercial

• Industrial

• Residential

By Region

• Uttar Pradesh

• Andhra Pradesh

• Madhya Pradesh

• Bihar

• Karnataka

• Gujarat

• Tamil Nadu

• Rajasthan

• West Bengal

• Jharkhand

• Chhattisgarh

• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Prime Power Diesel Genset Market Insights
   1. Application Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Vast Gap Between Power Demand and Supply
         2. Increased Government Initiatives
      2. Restraint
         1. High Pricing and High Installation and Maintenance Costs
      3. Opportunities
         1. Growing Telecommunication Industry
         2. Energy–efficient and Eco–Friendly Features in Gensets
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Prime Power Diesel Genset Market Overview
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Power Rating
         1. 5 kVA–75 kVA
         2. 76 kVA–375 kVA
         3. 376 kVA–750 kVA
         4. Above 750 kVA
      2. By Application
         1. Commercial
         2. Industrial
         3. Residential
      3. By Region
         1. Uttar Pradesh
            1. By Power Rating
            2. By Application
         2. Andhra Pradesh
            1. By Power Rating
            2. By Application
         3. Madhya Pradesh
            1. By Power Rating
            2. By Application
         4. Bihar
            1. By Power Rating
            2. By Application
         5. Karnataka
            1. By Power Rating
            2. By Application
         6. Gujarat
            1. By Power Rating
            2. By Application
         7. Tamil Nadu
            1. By Power Rating
            2. By Application
         8. Rajasthan
            1. By Power Rating
            2. By Application
         9. West Bengal
            1. By Power Rating
            2. By Application
         10. Jharkhand
             1. By Power Rating
             2. By Application
         11. Chhattisgarh
             1. By Power Rating
             2. By Application
         12. Others
             1. By Power Rating
             2. By Application
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Prime Power Diesel Genset Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid–19 on India Prime Power Diesel Genset Market
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, SWOT, and Strategic Outlook)
   1. Kirloskar Oil Engines Limited
   2. Ashok Leyland Limited
   3. Greaves Cotton Limited
   4. VE Commercial Vehicles Limited
   5. Mahindra Powerol Ltd.
   6. Cummins India Ltd.
   7. Caterpillar Inc.
   8. Cooper Corporation Pvt. Ltd.
   9. Kohler Power India Ltd.
   10. Tractors and Farm Equipment Limited
   11. Escorts Limited
   12. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumptions & Limitations

 

*Financial information in case of non–listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in–depth secondary for the final deliverable

 

List of Figures

 

Figure 1        India Prime Power Diesel Genset Market Segmentation

Figure 2        India Prime Power Diesel Genset Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        PESTEL Analysis

Figure 5        India Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 6        India Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 7        India Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 8        India Prime Power Diesel Genset Market Share, By Region, By Value, 2018–2028

Figure 9        Uttar Pradesh Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 10       Uttar Pradesh Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 11       Uttar Pradesh Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 12       Andhra Pradesh Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 13       Andhra Pradesh Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 14       Andhra Pradesh Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 15       Madhya Pradesh Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 16       Madhya Pradesh Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 17       Madhya Pradesh Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 18       Bihar Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 19       Bihar Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 20       Bihar Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 21       Karnataka Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 22       Karnataka Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 23       Karnataka Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 24       Gujarat Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 25       Gujarat Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 26       Gujarat Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 27       Tamil Nadu Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 28       Tamil Nadu Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 29       Tamil Nadu Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 30       Rajasthan Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 31       Rajasthan Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 32       Rajasthan Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 33       West Bengal Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 34       West Bengal Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 35       West Bengal Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 36       Jharkhand Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 37       Jharkhand Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 38       Jharkhand Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 39       Chhattisgarh Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 40       Chhattisgarh Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 41       Chhattisgarh Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 42       Others Prime Power Diesel Genset Market Size, By Value (USD Million), 2018–2028

Figure 43       Others Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 44       Others Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 45       Company Market Share Analysis, 2021

 

List of Tables

 

Table 1         India Prime Power Diesel Genset Market Size, By Power Rating, By Value, 2018–2028

Table 2         India Prime Power Diesel Genset Market Size, By Application, By Value, 2018–2028

Table 3         India Prime Power Diesel Genset Market Size, By Region, By Value, 2018–2028

Figure 4        Uttar Pradesh Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 5        Uttar Pradesh Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 6        Andhra Pradesh Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 7        Andhra Pradesh Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 8        Madhya Pradesh Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 9        Madhya Pradesh Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 10       Bihar Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 11       Bihar Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 12       Karnataka Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 13       Karnataka Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 14       Gujarat Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 15       Gujarat Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 16       Tamil Nadu Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 17       Tamil Nadu Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 18       Rajasthan Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 19       Rajasthan Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 20       West Bengal Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 21       West Bengal Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 22       Jharkhand Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 23       Jharkhand Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 24       Chhattisgarh Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 25       Chhattisgarh Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Figure 26       Others Prime Power Diesel Genset Market Share, By Power Rating, By Value, 2018–2028

Figure 27       Others Prime Power Diesel Genset Market Share, By Application, By Value, 2018–2028

Table 28        Key Players and Their Offerings

Table 29        Competitive Benchmarking, By Operating Parameters

Table 30        Merger Acquisition, Partnership, Joint–Ventures etc

Table 31        Kirloskar Oil Engines Limited Company Overview

Table 32        Kirloskar Oil Engines Limited Financial Overview

Table 33        Ashok Leyland Limited Company Overview

Table 34        Ashok Leyland Limited Financial Overview

Table 35        Greaves Cotton Limited Company Overview

Table 36        Greaves Cotton Limited Financial Overview

Table 37        VE Commercial Vehicles Limited Company Overview

Table 38        VE Commercial Vehicles Limited Financial Overview

Table 39        Mahindra Powerol Ltd. Company Overview

Table 40        Mahindra Powerol Ltd. Financial Overview

Table 41        Cummins India Ltd. Company Overview

Table 42        Cummins India Ltd. Financial Overview

Table 43        Caterpillar Inc. Company Overview

Table 44        Caterpillar Inc. Financial Overview

Table 45        Cooper Corporation Pvt. Ltd. Company Overview

Table 46        Cooper Corporation Pvt. Ltd. Financial Overview

Table 47        Kohler Power India Ltd. Company Overview

Table 48        Kohler Power India Ltd. Financial Overview

Table 49        Tractors and Farm Equipment Limited Company Overview

Table 50        Tractors and Farm Equipment Limited Financial Overview

Table 51        Escorts Limited Company Overview

Table 52        Escorts Limited Financial Overview