Market Forecast By KVA Ratings (5KVA-75KVA, 75.1KVA-375KVA, 375.1KVA-750KVA, 750.1KVA-1,000KVA, 1,000.1KVA-2,000KVA And Above 2,000KVA), By Verticals (Commercial (Retail, Commercial Offices, Telecom, Hospitals, Hotels, BFSI, Transportation And Others), Industrial (Manufacturing, Energy And Others) And Residential), By Regions (Northern, Western, Southern, Eastern And North Eastern), Key States (Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Gujarat, Uttar Pradesh, Delhi, Haryana, And Bihar), Rental Market And Competitive Landscape
According to 6Wresearch, India Diesel Generator Market Size is projected to grow at a CAGR of 5.6% during 2019-25.India Diesel Generator Market is likely to register immense growth during the upcoming period on account of increasing digitalization. The rising number of data centers drives the growth of the Diesel Generator market as data centers make sure to have multiple backup power options in order to avoid disruption in work during power failure.
Numerous ambitious initiatives have been introduced by the Indian government to drive the growth of several sectors over the coming years. The Smart Cities Mission, Make in India campaign, Saubhagya Scheme as well as Housing for All 2022 are some of the plans that would help in the expansion of power utilities and growth of manufacturing and public infrastructure verticals in the country. The diesel genset market, being a complementary industry, would experience a healthy growth over the coming years owing to strengthening of these sectors. Improving power supply situation in the residential sector and growing inclination towards solar energy may, however, stunt the growth of lower rating generator during 2019-25.
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