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市场调查报告书
商品编码
1566329

印度发电机市场评估:依类型、燃料类型、电压、最终用户和地区划分的机会和预测(2018-2032)

India Generators Market Assessment, By Type, By Fuel Type, By Voltage, By End-user, By Region, Opportunities and Forecast, FY2018-FY2032F

出版日期: | 出版商: Market Xcel - Markets and Data | 英文 127 Pages | 商品交期: 3-5个工作天内

价格

印度发电机市场规模预计将从2024年的14.5亿美元成长到2032年的25亿美元,预测期内年复合成长率为 7.07%。

工业、基础设施和经济部门的发展推动印度对发电机的需求。发电机被认为是应对电网不一致和频繁停电的主要备用电源解决方案。由于工业化和城市化以及基础设施、IT 和医疗保健等关键行业对高效备用电源的需求,对发电机的需求快速成长。此外,由于国家经济成长和基础设施计画的扩大,发电机市场规模预计将继续扩大。

在印度,人口的都市化日益增加对住宅小区、购物中心、医院、商业设施等的需求,对稳定电力供应的需求不断增加。此外,印度政府进行与电力中断相关的投资,以改善、发展和现代化电网。目前,印度经常面临电力供应中断的问题,特别是在农村和城乡结合部地区。一些地区正面临计划外的减负荷和停电,推高了该国对发电机的需求。

本报告调查了印度发电机市场,提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构以及影响市场成长的因素分析、案例研究、竞争格局、概况。

目录

第1章 专案范围与定义

第2章 研究方法

第3章 执行摘要

第4章 顾客回馈

  • 产品与市场情报
  • 品牌知名度
  • 做出购买决定时考虑的因素

第5章 印度发电机市场展望

  • 市场规模分析与预测
  • 市场占有率分析/预测
    • 依类型
    • 依燃料类型
    • 依电压
    • 依最终用户
    • 依地区
    • 公司占有率分析
  • 市场地图分析

第6章 波特五力分析

第7章 PESTLE 分析

第8章 价格分析

第9章 市场动态

  • 市场驱动因素
  • 市场挑战

第10章 市场趋势与发展

第11章 案例研究

第12章 竞争态势

  • 前5名市场领导者的竞争矩阵
  • 前5名的公司的SWOT 分析
  • 前10名企业状况
    • Mahindra Powerol Limited
    • Supernova Engineers Pvt. Ltd.
    • Kohler Co.
    • Mitsubishi Heavy Industries, Ltd.
    • Cummins India Limited
    • Tata Motors Limited
    • Kirloskar Oil Engines Limited
    • Honda India Power Products Ltd.
    • Ashok Leyland Limited
    • Sterling and Wilson Powergen Pvt. Ltd.

第13章 策略建议

第14章 关于本公司/免责声明

Product Code: MX12039

India generators market is projected to witness a CAGR of 7.07% during the forecast period FY2025-FY2032, growing from USD 1.45 billion in FY2024 to USD 2.50 billion in FY2032. Development in industrial, infrastructural, and economic sectors boost the demand for generators in India. Generators are considered as primary power backup solutions for an inconsistency in the power grid and frequent power cuts. The demand for generators is growing at a fast pace due to industrialization, urbanization, and the requirement for efficient power backup in major industries such as infrastructural, IT, and healthcare sectors. Moreover, economic growth and expanding infrastructure projects in the country are expected to continuously expand the generators market size in the forecast years.

In India, the urbanization of the population creates a high demand for residential complexes, shopping malls, hospitals, and commercial centers, resulting in a high demand for consistent power supply. Moreover, the Indian government is involved in investment related to power supply disruptions for the improvement, development, and revamping of power grids. In the current situation, India continues to face frequent power supply disruptions, particularly in rural and semi-urban areas. Regions face unplanned load shedding and outages which drive the country's demand for generators.

For instance, in March 2024, the demand for generators rose as prices went up by 20-40% due to technological shifts. Players indicated that the demand is fairly strong across key end-users, including residential and commercial.

Urbanization, Industrialization, and Commercial Sector to Expedite Market Growth

Urbanization has led to the growth of high-rise buildings and residential complexes. The rising population and increased energy consumption in metro cities create pressure on the power grid. The contractors of residential buildings are investing in generators to ensure a permanent source of power in case of outages. The rapid development of urban infrastructure, including transportation networks, smart city initiatives, and new commercial hubs, drives the demand for high-voltage generators.

Furthermore, the growing number of SMEs in India contributes to demand for generators in the market. Several manufacturing units, which often operate in rural regions with unreliable power supply, require generators to avoid disruptions in production and service delivery. Moreover, with rise in investment in the expansion of shopping malls, office spaces, hotels, restaurants, healthcare sector expansion, data centers, and IT Hubs will drive the demand for generators in India's market.

For instance, in November 2022, the Indian government decided to invest USD 55 billion per annum in urban infrastructure to meet the needs of the growing population, which helps to boost the demand for generators in various applications.

Frequent Power Supply Disruptions in Semi-urban and Rural Areas to Expand Market Size

In India, semi-urban and rural areas have outdated grid infrastructure, which is unable to meet the demand for growing electricity. Frequent power outages and voltage fluctuations are disrupting daily activities and business operations. As a result, generators are highly used as a reliable alternative to ensure a stable power supply during outages.

In several regions, power cuts are a regular occurrence, which often last for long hours. Long hours of power cuts prompted households to invest in small to medium-sized generators. Generators are the best-fit solution and ensure the continuous power supply for essential needs like lighting, cooling, and running household appliances.

Moreover, rural areas heavily rely on electricity for agricultural activities, particularly for irrigation, cold storage, and farm equipment operation. Power outages during critical farming seasons may lead to crop losses and inefficiencies. Farmers and agricultural businesses are investing in diesel or gas-powered generators to combat the situation and ensure uninterrupted power supply, which boosts the demand for generators in the country.

Thus, frequent power supply disruptions in semi-urban and rural areas have made generators a vital resource of energy in households, businesses, agriculture, and public infrastructure.

For instance, in July 2024, the rural areas in Rajasthan experienced up to 12 hours of power cuts on average per day, while urban residents witnessed shorter power supply cuts. People are looking for reliable power supply solutions, which drive the demand for generators in India.

Ongoing Investment in Hybrid Generators to Drive Market Growth

Hybrid generators can operate on a combination of traditional fuel with renewable energy sources. These generators offer several advantages which align with India energy needs and sustainability goals.

Moreover, the Indian government is heavily promoting the adoption of renewable energy through various policies and initiatives, such as the National Solar Mission. Hybrid generator systems align with new policies, offering a solution that incorporates renewable sources while ensuring reliable power backup. Also, financial and tax benefits to businesses for renewable energy adoption boost the generator market growth.

Ongoing investments in research and development (R&D) for the improvement of hybrid generator design make generators more efficient, compact, and cost-effective. Improvements in battery storage technology, automation, and smart grid compatibility further enhance the performance of hybrid generators.

The innovation enables the seamless integration of hybrid generators with the current power system. The hybrid generator is a flexible and scalable solution for different power needs, providing opportunities for manufacturers to offer customized solutions for a range of applications, from small homes to large industrial complexes.

Thus, the ability to combine sustainability with cost-efficiency and reliability of hybrid generators will cater to a wide range of industries, creating opportunities for the generators market.

For instance, in November 2023, Hitachi Energy Ltd. (Hitachi Ltd.) decided to unveil new emission-free generators under the trademark name HyFlex, which is an alternative to diesel-powered generators.

Standby Generators to Dominate Market Share in India

The standby generators have a high adoption rate, which leads the segment to dominate India generators market. Standby generators ensure sufficient power supply to lower the downtime during frequent power outages. India's industrial sector is growing rapidly, pushing manufacturing and production activities to increase. Industrial players are highly investing in standby generators to ensure business continuity during outages. Moreover, the newly developed standby generators are being designed as per new laws to meet stricter environmental regulations, including lower emissions and better fuel efficiency, driving the growth of the market for generators in India. Furthermore, the rapid growth of telecommunication towers and data centers in India has led to increased demand for standby generators.

For instance, in 2023, Cummins India Limited saw a rise in consolidated profits of around 31% in the first quarter from the power generator segment. The development shows the rise in the revenue from the sale of generators in India.

West and Central Region to Dominate the India Generators Market Share

The west and central regions dominated the generator market with the highest market share. The region comprises states engaged in the production of goods and services. The region experiences frequent power outages, especially during summer, as the consumption of power is high during this period. Generators are crucial for maintaining power in homes, businesses, and facilities such as hospitals and malls. The government is focusing on electrification of rural areas, which will foster the demand for generators. Additionally, the rise in interest in hybrid generators is expected to be a major factor for market growth during the forecast period. With growing infrastructure and industrialization in the region, the demand for generators is anticipated to boost in the forecast years. For instance, in July 2023, Tata Motors Limited decided to launch a new-generation and cutting-edge range of gensets in India. These gensets can be used in small enterprises, residential, healthcare, hospitality, and telecom industries.

Future Market Scenario (FY2025 - FY2032F)

The rise in industrialization across sectors such as manufacturing, construction, healthcare, and telecom will drive the demand for standby generators in the forecast period.

Environmental concerns and regulatory pressure to curb emissions are pushing generator manufacturers toward developing cleaner technologies.

The demand for hybrid systems generators is becoming more popular in commercial applications.

The upcoming government initiatives are focused on improving power infrastructure, rural electrification, and disaster management, which will continue to influence the growth of the generator market in the forecast period.

Key Players Landscape and Outlook

India generators market is characterized by several key players, Mahindra Powerol Limited, and Supernova Engineers Pvt. Ltd., known for their diverse product offerings, including diesel, gas, and portable generators. These players in the India generator market are continually developing innovative technologies and working on improvements to meet evolving consumer demands, environmental regulations, and technological advancements. Product launches, acquisitions, agreements, collaborations, and developing technologies are projected to increase competition in this fast-paced market.

For instance, in August 2022, Kirloskar Oil Engines announced the formal launch of gas-powered generators in the market. The company launched a dual-fit kit, which will be retrofitted on the existing and future diesel generators to run on a combination of gas and diesel.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Features and Other Value-Added Service
    • 4.3.2. Efficiency and Output
    • 4.3.3. Power Rating
    • 4.3.4. Fuel Type
    • 4.3.5. Price
    • 4.3.6. After-Sales Support

5. India Generators Market Outlook, FY2018-FY2032F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Standby Generators
      • 5.2.1.2. Portable Generators
      • 5.2.1.3. Inverter Generators
      • 5.2.1.4. Others
    • 5.2.2. By Fuel Type
      • 5.2.2.1. Diesel
      • 5.2.2.2. Gas
      • 5.2.2.3. Hybrid
      • 5.2.2.4. Others
    • 5.2.3. By Voltage
      • 5.2.3.1. Below 250 kW
      • 5.2.3.2. 250 kW to 500 kW
      • 5.2.3.3. 501 kW to 750 kW
      • 5.2.3.4. 750 kW to 1 MW
      • 5.2.3.5. Above 1 MW
    • 5.2.4. By End-user
      • 5.2.4.1. Commercial
      • 5.2.4.2. Industrial
      • 5.2.4.3. Residential
      • 5.2.4.4. Others
    • 5.2.5. By Region
      • 5.2.5.1. North
      • 5.2.5.2. South
      • 5.2.5.3. East
      • 5.2.5.4. West and Central
    • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, (FY2024)
  • 5.3. Market Map Analysis, FY2024
    • 5.3.1. By Type
    • 5.3.2. By Fuel Type
    • 5.3.3. By Voltage
    • 5.3.4. By End-user
    • 5.3.5. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Pricing Analysis

9. Market Dynamics

  • 9.1. Market Drivers
  • 9.2. Market Challenges

10. Market Trends and Developments

11. Case Studies

12. Competitive Landscape

  • 12.1. Competition Matrix of Top 5 Market Leaders
  • 12.2. SWOT Analysis for Top 5 Players
  • 12.3. Key Players Landscape for Top 10 Market Players
    • 12.3.1. Mahindra Powerol Limited
      • 12.3.1.1. Company Details
      • 12.3.1.2. Key Management Personnel
      • 12.3.1.3. Products and Services
      • 12.3.1.4. Financials (As Reported)
      • 12.3.1.5. Key Market Focus and Geographical Presence
      • 12.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 12.3.2. Supernova Engineers Pvt. Ltd.
    • 12.3.3. Kohler Co.
    • 12.3.4. Mitsubishi Heavy Industries, Ltd.
    • 12.3.5. Cummins India Limited
    • 12.3.6. Tata Motors Limited
    • 12.3.7. Kirloskar Oil Engines Limited
    • 12.3.8. Honda India Power Products Ltd.
    • 12.3.9. Ashok Leyland Limited
    • 12.3.10. Sterling and Wilson Powergen Pvt. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

13. Strategic Recommendations

14. About Us and Disclaimer

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. India Generators Market, By Value, In USD Billion, FY2018-FY2032F
  • Figure 2. India Generators Market, By Volume, In Million Units, FY2018-FY2032F
  • Figure 3. India Generators Market Share (%), By Type, FY2018-FY2032F
  • Figure 4. India Generators Market Share (%), By Fuel Type, FY2018-FY2032F
  • Figure 5. India Generators Market Share (%), By Voltage, FY2018-FY2032F
  • Figure 6. India Generators Market Share (%), By End-user, FY2018-FY2032F
  • Figure 7. India Generators Market Share (%), By Region, FY2018-FY2032F
  • Figure 8. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 9. By Fuel Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 10. By Voltage Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 11. By End-user Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 12. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024