The size of the Indian diesel genset market was USD 937.1 million in 2022, and it will advance at a rate of 8.8% in the years to come, to reach USD 1,839.5 million by 2030, as per P&S Intelligence.

5 kVA–75 kVA category had the largest volume share in  the recent past, which is credited to the low upkeep cost and easy obtainability of the spare parts of these variants all over India. Furthermore, the economic growth in the nation and the increase in the count of construction projects will result in a high requirement for these gensets for meeting major and auxiliary power requirements.

The commercial category will grow the fastest in the future, at a rate of about 10%. These systems offer an uninterrupted supply of power, to keep operations going and diminish any loss of revenue. The increasing requirement for power backup at shopping malls and supplementary public spaces and the quick development of data centers help the industry to grow.

The residential category had the largest share of revenue in the Indian diesel genset market. This has a lot to do with the increasing requirement for prime and backup power in residential facilities. Fundamentally, the growth of this category is complemented by the fast construction of residential construction.

In India, Karnataka will grow at the fastest rate of, over 10%, credited to the growing investments in the telecom industry, rampant expansion of commercial infra, and increasing  requirement for prime and backup power in residential units.

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The manufacturing category will be the largest in the years to come because of the increasing requirement of large-scale and small-scale manufacturing companies for small and medium-sized gensets. In the future, fiscal initiatives and policies, along with FDIs and the developments in the transportation and logistics network, will drive the growth of the Indian manufacturing industry and, in the procedure, offer impetus to the requirement for diesel gensets.

India, recently, has observed high economic growth, furthermore to the commencement of numerous construction projects, such as, roads, buildings, ports, highways and refineries, by both private and public  players. Also, support of the government has amplified, in terms of budgetary allocations and regulatory reforms, for infra projects, which is opening new sectors to private investments and involvements.

It is because of the increasing number of construction projects, the demand for diesel gensets in India will increase significantly in the future.