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Gensets Market in India 2016-2020

Gensets Market in India 2016-2020

About the Genset Market in India

Electricity is one of the major requirements for industrial, commercial, infrastructural, and residential growth of any country. The availability of uninterrupted power supply is necessary to fuel the growth of every industry, be it large-scale or small-scale, education, manufacturing, or healthcare.

Low fuel availability of electricity is one of the major concerns faced by Indian industries. Coal supply by Coal India is restricted to about 65% of the actual coal requirement by coal-based thermal plants. This has led to increased dependence on imported coal, which in turn has resulted in increased power generation costs due to limited fuel availability. Increased operational inefficiencies and outstanding debts have led to poor financial health of state electricity distribution companies in India. According to the Indian Planning Commission, electricity generation has to be increased by five to six times the 2003-2004 levels by 2031-2032 to ensure a sustained 8% growth of the economy. If this requirement is not met, the increasing demand for gensets in the country for uninterrupted power supply will remain.

Technavio’s analysts forecast the genset market in India to grow at a CAGR of 14% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the genset market in India for 2016-2020. To arrive at market size, the study considers revenue generated by sales of the following gensets:

  • By fuel type
  • By application type
  • By end-user type
  • By power output capacity
Technavio's report, Genset Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Caterpillar
  • Cummins
  • Kirloskar
  • Mahindra & Mahindra
Other prominent vendors
  • Atlas Copco
  • Ashok Leyland
  • C & S Electric
  • The Escorts Group
  • Eicher Motors
  • FG Wilson
  • Generac Power Systems
  • Greaves Cotton
  • Honda Siel Power Products
  • Kohler
  • International Tractors Ltd. (Sonalika)
  • Sterling Generators
  • TATA Motors
Market driver
  • Frequent power outages
  • For a full, detailed list, view our report
Market challenge
  • Increased adoption of renewable energy sources
  • For a full, detailed list, view our report
Market trend
  • Technological advances in gensets
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Genset Market in India 2016-2020

Technavio recognizes the following companies as the key players in the genset market in India: Caterpillar, Cummins, Kirloskar, and Mahindra & Mahindra.

Other Prominent Vendors in the market are: Atlas Copco, Ashok Leyland, C & S Electric, The Escorts Group, Eicher Motors, FG Wilson, Generac Power Systems, Greaves Cotton, Honda Siel Power Products, Kohler, International Tractors Ltd. (Sonalika), Sterling Generators, and TATA Motors.

Commenting on the report, an analyst from Technavio’s team said: “A trend boosting market growth for gensets is technological advances. Improved fuel economy continues to be the most significant advancement in diesel engine technology. Though many end-users prefer gasoline-powered equipment, the diesel engine segment has a solid end-user base in data centers as it is an economical option — an important parameter considered for owning power backup equipment.

Over the years, several initiatives and changes have been implemented to improve the overall efficiency of engines in a diesel genset. Most of the modifications involve igniting of power within the engine itself, derived from a combination of oxygen and fuel.”

According to the report, a key growth driver is frequent power outages. Power outages form one of the common problems faced by developing countries such as India. India, being one of the fastest developing nations in the world, depends largely on electricity for its industrial, commercial, infrastructure, transport, and other sectors. India is the third largest electricity producer and consumer in the world after the US and China. However, an estimated 27% of the energy generated in India gets lost during transmission or is stolen. Peak supply falls short of 9%, and frequent power outages last for an average of 10 hours in many regions of the country.

Further, the report states that one challenge that could hamper market growth is the increased adoption of renewable energy sources.

Companies Mentioned

Caterpillar, Cummins, Kirloskar, Mahindra & Mahindra, Atlas Copco, Ashok Leyland, C & S Electric, The Escorts Group, Eicher Motors, FG Wilson, Generac Power Systems, Greaves Cotton, Honda Siel Power Products, Kohler, International Tractors Ltd. (Sonalika), Sterling Generators, TATA Motors.

  • Executive summary
    • Highlights
  • Scope of the report
    • Scope of study
    • Vendor segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Increase in per capita electricity consumption in India 2005-2015 (kWh)
  • Market landscape
    • Market overview
      • Table Genset market in India 2015
    • Market size and forecast
      • Table Sector-wise electricity consumption in India 2015 (%)
      • Table Genset market in India 2015-2020 ($ billions)
      • Table Number and share of people without access to electricity by states in India 2013
      • Table Annual electricity consumption per rural and urban electrified household in India 2013 and 2040
      • Table Emissions of NOx, SOx, and PM2.5 by sector 2010 and 2040 (MT)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by fuel type
    • Genset market in India by fuel type
      • Table Gensets by fuel type
    • Diesel genset market in India
      • Table Diesel genset market in India 2015-2020 ($ billions)
    • Gas genset market in India
      • Table Gas genset market in India 2015-2020 ($ millions)
      • Table Summary of genset market in India by fuel type 2015-2020 ($ millions)
  • Market segmentation by application type
    • Genset market in India by standby segment
      • Table Genset market in India by standby application ($ billions)
    • Genset market in India by prime power segment
      • Table Genset market in India by prime power application ($ millions)
    • Genset market in India by peak shaving segment
      • Table Genset market in India by peak shaving application ($ millions)
      • Table Summary of genset market in India by application 2015-2020 ($ millions)
  • Market segmentation by end-users
    • Genset market in India by end-user segmentation
      • Table Electricity demand by sector in India 2000-2040 (TWh)
    • Genset market in India by industrial sector
      • Table Genset market in India by industrial sector 2015-2020 ($ millions)
    • Genset market in India by commercial sector
      • Table Genset market in India by commercial sector 2015-2020 ($ millions)
    • Genset market in India by infrastructure sector
      • Table Genset market in India by infrastructure sector 2015-2020 ($ millions)
    • Genset market in India by residential sector
      • Table Genset market in India by residential sector 2015-2020 ($ millions)
      • Table Summary of genset market in India by end-users 2015-2020 ($ millions)
  • Genset market by power output capacity
    • Genset market in India by power output capacity
    • <60 kW genset market in India
      • Table <60 kW genset market in India 2015-2020 ($ billions)
    • 60 kW-300 kW genset market in India
      • Table 60 kW-300 kW genset market in India 2015-2020 ($ millions)
      • Table Number of micro-, small-, and medium-sized enterprises in India 2006-2014(millions)
    • 300 kW-1 MW genset market in India
      • Table 300 kW-1 MW genset market in India 2015-2020 ($ millions)
    • >1MW genset market in India
      • Table >1MW genset market in India 2015-2020 ($ millions)
      • Table Summary of genset market in India by power output capacity 2015-2020 ($ millions)
  • Market drivers
    • Table Target and actual achievement of electricity generation in India 2009-2016 (billions of units)
    • Table Growth rate in industrial production 2011-2015 (%)
    • Table Consumer durable goods market in India 2009-2020 ($ billions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Total cost of solar photovoltaics versus diesel gensets
    • Table Total solar rooftop installation in India by state 2014-2015 (MW)
    • Table CPCB-II emission standards for diesel gensets in India
    • Table Global power rental market 2015 and 2020 ($ billions)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Cost comparison of hybrid power system and standard diesel genset
  • Vendor landscape
    • Competitive scenario
    • Caterpillar
      • Table Caterpillar: Product offerings
    • Cummins
      • Table Cummins: Product offerings
    • Kirloskar
      • Table Kirloskar: Product offerings
    • Mahindra & Mahindra
      • Table Mahindra & Mahindra: Product offerings
    • Other prominent vendors
    • Atlas Copco
    • Ashok Leyland
    • C&S Electric
    • The Escorts Group
    • Eicher Motors
    • FG Wilson
    • Generac Power Systems
    • Greaves Cotton
    • Honda Siel Power Products
    • Kohler
    • International Tractors Ltd. (Sonalika)
    • Sterling Generators
    • TATA Motors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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