The India diesel genset market size reached USD 928.02 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,844.78 Million by 2033, exhibiting a growth rate (CAGR) of 7.32% during 2025-2033. The growing power demand in India, driven by urbanization, industrial expansion, and rural electrification, along with technological advancements in diesel engine efficiency and fuel consumption, is significantly driving the diesel genset market, ensuring reliable backup solutions in remote areas and industries.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 928.02 Million |
Market Forecast in 2033 | USD 1,844.78 Million |
Market Growth Rate 2025-2033 | 7.32% |
Growing Power Demand
The rising power requirement in India, influenced by swift urban development, industrial expansion, and initiatives for rural electrification, is a major factor strengthening the market growth. With the nation undergoing rapid economic growth and infrastructure expansion, the demand for a dependable and consistent power supply is becoming more essential. This need is especially clear in remote and off-grid areas, where connection to the grid is still inadequate. Diesel generator sets (genset) offer a dependable and effective power backup option, allowing businesses, factories, and residential regions to maintain operations seamlessly during blackouts or high-demand times. As reported by India Brand Equity Foundation (IBEF), India ranks as the third-largest producer and user of electricity globally, boasting an installed power capacity of 454.45 GW as of October 31, 2024. Even with these notable capacity numbers, India's swift expansion in urban and rural regions is still exerting tremendous strain on the power grid, increasing the necessity for backup options like diesel gensets. These gensets provide reliable power in situations where the grid fails, crucial for ensuring business continuity and aiding daily operations. As India’s energy needs expand, especially in emerging and underserved regions, the diesel genset is witnessing robust demand as a vital part of the country's energy infrastructure.
Technological Advancements in Diesel Engine
Improvements in diesel engine technology and fuel efficiency to enhance the functionality of diesel genset is bolstering the market growth. Contemporary diesel generators are more often fitted with cutting-edge technologies, such as enhanced fuel injection systems, efficient alternators, and sophisticated cooling systems, which not only lower fuel usage but also boost overall performance. These advancements result in decreased operational expenses and help significantly lessen environmental effects, meeting the growing demand for more sustainable energy options. Moreover, the incorporation of digital controls and remote monitoring features facilitates enhanced optimization, real-time performance tracking, and prolonged operational lifetimes, minimizing the requirement for regular maintenance. In line with this trend, Recon Technologies launched Mahindra Powerol CPCB IV+ diesel gensets in 2024, in Hyderabad. These gensets, compliant with the latest CPCB IV+ emission norms, ranged up to 625 KVA and featured advanced after-treatment systems, enhanced fuel efficiency, and remote monitoring capabilities. The new series offered reliable power solutions and contributed to environmental responsibility by significantly reducing emissions. Such technological advancements demonstrate the industry's dedication to providing more efficient, dependable, and eco-friendly power solutions, thereby boosting the uptake of diesel generator sets in different sectors.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on power output, power rating, application, and end user.
Power Output Insights:
The report has provided a detailed breakup and analysis of the market based on the power output. This includes portable generators, inverter generators, industrial generators, and induction generators.
Power Rating Insights:
A detailed breakup and analysis of the market based on the power rating have also been provided in the report. This includes 5 kVA–75 kVA, 76 kVA–375 kVA, 376 kVA–750 kVA, and above 750 kVA.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes standby, prime power, continuous, and peak shaving.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes residential, commercial, and industrial.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Power Outputs Covered | Portable Generators, Inverter Generators, Industrial Generators, Induction Generators |
Power Ratings Covered | 5 kVA–75 kVA, 76 kVA–375 kVA, 376 kVA–750 kVA, Above 750 kVA |
Applications Covered | Standby, Prime Power, Continuous, Peak Shaving |
End Users Covered | Residential, Commercial, Industrial |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |