India Generator Set Market Will Reach $855.1 Million by 2030

06 Nov 2022

Because of the commercial sector's rising need for medium- and high-power gensets as well as the burgeoning construction and manufacturing sectors. The India gensets market is set to generate $855.1 million revenue by 2030. The presence of various market participants in the state of Tamil Nadu is one of the key elements promoting industry growth. Additionally, there is significant potential for market expansion as manufacturers aim to expand capacity in the southern region of the nation.
Four of the states with the highest revenue production in the India gensets market are Maharashtra, Andhra Pradesh, Uttar Pradesh, and Tamil Nadu. This may be attributed to a growth in telecom funding, improvement of commercial infrastructure, and rise in the need for primary and backup power in such states' residential facilities.For instance, to improve connectivity and attract more customers, telecom operators including Bharti Airtel Limited and Reliance Jio Infocomm Limited aim to install cellular towers in these states, which would result in a strong demand for gensets.The India gensets market is expected to have the highest demand for genset engines with a power of above 201 cc-400 cc in this decade. The need for gensets with reliable and stable operation in heavier-load application fields, such as industrial and commercial sectors, is the cause of the rising demand for increased engine capacity. The genset can also react swiftly and effectively to unexpected load increases because to its larger engine capacity.