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India Diesel Genset Rental Market By Power Rating (Below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA, above 1000KVA), By Vertical (Construction, Manufacturing, Healthcare, IT & Telecom, Residential, Others (Hospitality, Education, Events, Banks, Offices, Shopping Malls)), and By Region, Competition, Forecast & Opportunities, 2027


Published on: 2024-12-10 | No of Pages : 320 | Industry : Power

Publisher : MIR | Format : PDF&Excel

India Diesel Genset Rental Market By Power Rating (Below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA, above 1000KVA), By Vertical (Construction, Manufacturing, Healthcare, IT & Telecom, Residential, Others (Hospitality, Education, Events, Banks, Offices, Shopping Malls)), and By Region, Competition, Forecast & Opportunities, 2027

India diesel genset rental market was valued at USD136.72 million in 2021 and is projected to grow around USD191.81 million by 2027 due to rise in construction activities and smart city development in the North, as well as the wide use of power rating between 100.1-350KVA in manufacturing and construction activities is likely to propel the India diesel genset rental market during the forecast period.

Rental diesel gensets act as an emergency power backup during power shortages and cuts to keep operations running smoothly and act as a secondary source of electricity at many establishments. These diesel gensets are not operated regularly, so they are more feasible to hire instead of blocking and investing capital. They also serve as an excellent temporary solution for various industries, such as mining, industrial and commercial property management sectors, education, construction, healthcare, etc.

Power Outrage During Natural Calamities Drive the Growth of India Diesel Genset Rental Market

With the increase in the population of India, people have started moving to those areas which are prone to natural disasters such as earthquakes, landslides, floods, heavy rainfall, storms, heavy snowfall, etc. Additionally, these crises are also rising due to changes in the climatic conditions, global warming, etc. that hinder the transmission and distribution of power supply in the country, which gives rise to problems such as power outrage. To overcome such situations, people prefer to use rental diesel gensets because they are easily found at, require no investment capital, and maintenance and installation. Moreover, after the disaster strikes, government officials and energy companies face critical problems such as disruptions in power supply in hospitals and infrastructure facilities like power plants, etc. Therefore, to fulfill the uninterrupted power supply, various companies and industries will likely use rental diesel gensets that propel the India diesel genset rental market.

Increased Government Initiatives in Manufacturing Sector to Boost the India Diesel Genset Rental Market Growth

The Government of India is continuously taking various initiatives to promote the healthy growth of the manufacturing sector in the country, such as ‘Make in India", which aims to build the best manufacturing infrastructure in the country and encourage investors and manufacturers to invest and build in India. Disruption in the global supply chain has also opened various opportunities for the manufacturing sector in India on a large scale. Additionally, government policy initiatives such as Production Linked Incentives (PLI) aim to boost domestic manufacturing. As of September 2021, the Government of India approved a PLI worth USD3.53 billion for the automotive sector. Furthermore, the Micro, Small, and Medium Enterprises (MSMEs) contribution to the key public and private sector industries fulfill increasing domestic demand while growth in exports helps to gain traction within the country further. There are many manufacturing companies that prefer to hire diesel gensets for rent due to the high cost of maintenance and operation and to avoid the purchasing cost of diesel gensets. Therefore, huge growth in the manufacturing and MSME sectors will likely boost India diesel genset rental market.

Various Policies and Norms to Limit the Emission from Fuel Engines

With the increasing urbanization, pollution concern is also increasing due to the rise in industrial emissions day by day, burning of fossil fuels, increasing transportation, etc. Therefore, various government policies and norms have been approved to limit the emissions, such as the Bharat Stage VI Emission norms under which only 50 parts per million sulfur content is permitted. Furthermore, the Ministry of Environment, Forestry, and Climate Change (MoEF&CC) has proposed some universal emission norms for diesel generators that operate on all types of fuels. As a result, all these rules and policies are projected to benefit the India diesel genset rental market.

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Market Segmentation

The India diesel genset rental market can be segmented based on Power Rating, Vertical, and Region. Based on Power Rating, the market can be segmented into Below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA, Above 1000KVA. In terms of vertical, the market is segmented into Construction, Manufacturing, Healthcare, IT & Telecom, Residential, Others (Hospitality, Education, Events, Banks, Offices, shopping malls). Based on region, the market is segmented into North, South, West, and East.


MIR Segment1

Company Profiles

GMMCO Limited, Sudhir Power Ltd., Kohler Power India Pvt Ltd., Perfect Generator Technologies Private Limited, Aggreko Energy Rental India Pvt. Ltd., Others (Pioneer Power Service Pvt Ltd, Power Mak Industries LLP, Modern Energy Rental Pvt. Ltd), etc. are the major players operating in the India diesel genset rental market.

Attribute

Details

Market Size Value in FY2021

USD445.18 Million

Revenue Forecast in FY2027

USD616.15 Million

Growth Rate

5.92%

Base Year

2021

Historical Years

2017 – 2021

Estimated Year

2022

Forecast Period

2022 – 2027

Quantitative Units

Revenue in (USD Million), and CAGR for 2017-2021 and 2022-2027

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         By Power Rating

·         By Vertical

·         By Region

Regional Scope

North, South, West, East

Key Companies Profiled

GMMCO Limited, Sudhir Power Ltd., Kohler Power India Pvt Ltd., Perfect Generator Technologies Private Limited, Aggreko Energy Rental India Pvt. Ltd., Others (Pioneer Power Service Pvt Ltd, Power Mak Industries LLP, Modern Energy Rental Pvt. Ltd)

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

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Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )