Indian Diesel Generator Set Market To Grow At Over 8% Through This Decade

22 Jan 2023

The commercial category will grow the fastest in the future, at a rate of about 10%. These systems offer an uninterrupted supply of power, to keep operations going and diminish any loss of revenue. The increasing requirement for power backup at shopping malls and supplementary public spaces and the quick development of data centers help the industry to grow.The residential category had the largest share of revenue in the Indian diesel generators market. This has a lot to do with the increasing requirement for prime and backup power in residential facilities. Fundamentally, the growth of this category is complemented by the fast construction of residential construction.In India, Karnataka will grow at the fastest rate of, over 10%, credited to the growing investments in the telecom industry, rampant expansion of commercial infra, and increasing requirement for prime and backup power in residential units.Telecom towers will dominate the industry in the years to come, under commercial applications, because of the current investments in the telecom industry to improve rural and urban connectivity, for meeting the requirements of a growing subscriber base. This is driving the installation of telecom towers all over the country, which, in turn, is resulting in the growing requirement for diesel gensets.The manufacturing category will be the largest in the years to come because of the increasing requirement of large-scale and small-scale manufacturing companies for small and medium-sized gensets. In the future, fiscal initiatives and policies, along with FDIs and the developments in the transportation and logistics network, will drive the growth of the Indian manufacturing industry and, in the procedure, offer impetus to the requirement for diesel gensets.