India Gas Genset Market 2033

India Gas Genset Market Size, Share, Trends and Forecast by Type, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31583

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India Gas Genset Market Overview:

The India gas genset market size reached USD 390.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 560.0 Million by 2033, exhibiting a growth rate (CAGR) of 4.2% during 2025-2033. The market is experiencing significant growth, driven by increasing demand for reliable power solutions in the residential, industrial, and commercial markets. Moreover, government initiatives promoting clean energy, increasing infrastructure development, and growing grid reliability issues are key drivers of market growth. Further, technological advancements in gas gensets and the supply of natural gas are also propelling market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 390.0 Million
Market Forecast in 2033	USD 560.0 Million
Market Growth Rate 2025-2033	4.2%

India Gas Genset Market Trends:

Rising Demand for Clean Energy Solutions

The growing emphasis on clean and green energy is determining the demand for gas gensets in India. As industries and commercial establishments attempt to reduce their carbon footprint, the demand for gas gensets, as compared to diesel gensets, is on the rise. This is because of stringent environmental regulations and government policies promoting cleaner fuel sources. Particularly, developments in gas genset technology through technology have reduced emissions and fuel consumption, establishing them as ideal for backup as well as standby power generation. Natural gas has also become easier to access as pipeline networks grow, supporting its use. Buildings, business premises, and data centers are also rapidly adopting them to ensure they have a perpetual power supply, increasing demand within the market. Moreover, as awareness of diesel gensets' polluting emissions grows, industries are more and more opting for gas gensets. Healthier emissions, less noise, and cost advantages in operations also contribute to them being the choice of preference. Healthcare, hospitality, and information technology industries are making significant investments in gas gensets to aid in round-the-clock operations. In addition, hybrid technologies integrating gas gensets with alternative sources of energy are emerging as a green power solution, further propelling the market growth.

India Gas Genset Market Size

Infrastructure Development and Power Reliability Concerns

The fast rate of infrastructure growth in India, such as smart cities, business complexes, and industrial units, has largely fueled the use of gas gensets. Stable power supply is an essential need in industries such as manufacturing, healthcare, and telecommunications, where any interruption can cause operational losses. Gas gensets provide a cost-effective and stable backup power source, particularly in areas with frequent power outages. In addition, the government's intention to increase the natural gas distribution network and give incentives for the adoption of cleaner fuels is also stimulating market growth. Major urban and rural electrification projects also provide opportunities for genset makers to meet the growing demand for auxiliary power solutions. Also, the electrification of railway stations, airports, and seaports is creating demand for gas gensets. In regions with regular power fluctuations in far-flung and semi-urban locations, gas gensets deliver a reliable source of power. Industrial parks and special economic zones (SEZs) are also embracing the use of these generators to ensure uninterrupted operations. The growing level of construction works throughout the country, such as metro rail work and highways, further fuels the demand for short-term power generation solutions, and the use of gas gensets is gaining traction in India at large.

India Gas Genset Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type and end user.

Type Insights:

Up To 75kVA
76 kVA-350 kVA
351kVA-750kVA
>750kVA

The report has provided a detailed breakup and analysis of the market based on the type. This includes Up to 75kVA, 76 kVA-350 kVA, 351kVA-750kVA, and >750kVA.

End User Insights:

Industrial
Domestic
Commercial

The report has provided a detailed breakup and analysis of the market based on the end user. This includes industrial, domestic, and commercial.

Regional Insights:

North India
South India
East India
West India

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.

Competitive Landscape:

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.

India Gas Genset Market News:

July 2024: Greaves Engineering launched CPCB IV+ compliant gas gensets, reducing NOx and particulate matter emissions by 90%. Offering power ranges from 5 kVA to 2500 kVA, these eco-friendly gensets support sustainable energy solutions, enhancing market demand for low-emission power generation systems.
September 2024: Karnataka commissioned its first gas-based power plant, the 370 MW Yelahanka Combined Cycle Power Plant (YCCPP). This development enhanced the state's clean energy capacity, promoting efficient power generation and reducing carbon emissions, positively impacting the gas genset segment's growth.

India Gas Genset Market Report Coverage:

Report Features	Details
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: Type End User Region
Types Covered	Up To 75kVA, 76 kVA-350 kVA, 351kVA-750kVA, >750kVA
End Users Covered	Industrial, Domestic, Commercial
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)

Key Questions Answered in This Report:

How has the India gas genset market performed so far and how will it perform in the coming years?
What is the breakup of the India gas genset market on the basis of type?
What is the breakup of the India gas genset market on the basis of end user?
What are the various stages in the value chain of the India gas genset market?
What are the key driving factors and challenges in the India gas genset market?
What is the structure of the India gas genset market and who are the key players?
What is the degree of competition in the India gas genset market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India gas genset market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India gas genset market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India gas genset industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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