Total power generation has shown increasing trend year over year, however 2020 did experience decline in number but bounced back at better pace post pandemic outbreak due to kick-start in economic activity as well as boost in manufacturing sector: Ken Res

Power Outrage During Natural Calamities: With the population growth in India, people are starting to move to areas prone to natural disasters such as earthquakes, landslides, floods, heavy rains, storms and heavy snow. These crises are increasing due to problems such as power outages due to delays in power transmission and distribution. To overcome this situation, people prefer to use a rental diesel generator set.

Growing Power Generation Market: The contribution of Micro, Small and Medium Enterprises (MSMEs) to key public and private sector industries covers the growing domestic demand. Meanwhile, export growth continues to gain momentum domestically. Many manufacturing companies prefer to rent diesel generators and want to avoid the initial cost of diesel generators due to the high maintenance and operating costs. Hence, significant growth in the manufacturing and MSME sector is likely to boost the Indian diesel generator rental market.

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Increased Government Initiatives in Manufacturing Sector: Disruptions in global supply chains are opening up a wide range of opportunities for the manufacturing sector in India. Additionally, government policy initiatives such as Production Linked Incentives (PLI) aim to boost domestic manufacturing. As of September 2021, the Indian government has approved a USD 3.53 billion PLI for the automotive sector.

Private and Government Concerns: Also, government officials and energy companies are concerned about power outages at infrastructure facilities such as hospitals and power plants after disasters, etc., facing serious problems. Therefore, various companies and industries are likely to adopt rental diesel gensets to ensure uninterrupted power supply, driving the diesel genset rental market in India.

Environmental Impact: In recent years, Indian regulators have imposed strict regulations on diesel generator sets due to the harmful environmental impact and carcinogenicity of these generator sets. This shift to off-grid power generation has reduced the traditional dependence on diesel generators in several regions of the country, thereby restraining the growth of the Indian diesel generator market.

Analysts at Ken Research in their latest publication "India Diesel Generator Rental & Leasing Market Outlook to 2027F- Driven by government initiatives in manufacturing sector along with growing foreign investments and technological advancements" by Ken Research observed that Power Generation market is an emergent market in India at a rebounding stage from the economic crisis after pandemic. The rising residential property launches, advancement in manufacturing sector, increased foreign investment and technological advancement is expected to a contributing to the market growth. The India Power Generation market has shown a positive CAGR of 9% for period 2017-2022P.

Key Segments Covered

India Diesel Generator Rental & Leasing Market:

By Types of Type of KVA Ratings: 

Below 100 KVA

100.1-350 KVA

350.1-750 KVA

750.1-1000 KVA

Above 1000 KVA

By Type of Verticals:

Construction

IT & Telecom

Manufacturing

Healthcare

Residential

Others

By Type of Application

Industrial

Commercial

Residential

By Regional Demand on the basis of volume

North

South

West

East

By Nature on the basis of revenue

Organized

Unorganized

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Key Target Audience

Power Generator Providers

Diesel Engine Distributors

Diesel Engine Manufacturers

Investors In Power Sector

Leasing Agencies

Government Bodies & Regulating Authorities

Power Generator Suppliers

Organizations, industry associations, forums

End-Users include Telecom, Commercial complex,

Market research and consulting firms

Time Period Captured in the Report:-

Historic Period:2017-2022

Base Year: 2022

Forecast Period: 2021- 2027F

Companies Covered:-

Diesel Engine Providers

Sudhir Power

Kohler Power

Cummins

Ashok Leyland

Kirloskar

Mahindra Powerol

Tafe Motors And Tractors

Gmmco Limited

Perfect Generator Technologies Pvt. Ltd.

Power Mak Industries LLP

Modern Energy Rental Pvt. Ltd.

Perennial Technologies

Key Topics Covered in the Report:-

India Power Generation market Overview

Ecosystem of India Power Generation market

Business Cycle and Genesis of India Power Generation market

Industry Analysis of India Diesel Generator Rental & Leasing Market

SWOT Analysis of India Diesel Generator Rental & Leasing Market

Key Growth Drivers in Dental Service Market in India

Major Challenges and Bottlenecks in India Diesel Generator Rental & Leasing Market

Regulatory Framework in India Diesel Generator Rental & Leasing Market

Competitive Landscape in in India Power Generation market

Market Share of Major Diesel Engine Providers in India Power Generation market

Detailed Analysis on India Power Generation market (Market Size and Segmentation, 2017-2022; Future Market Size and Segmentation, 2022-2027F)

Market Opportunity and Analyst Recommendations

For more insights on the market intelligence, refer to the link below:-

https://www.kenresearch.com/energy-and-utilities/power/india-dg-rental-and-leasing-market-outlook-to-2027/596163-103.html

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This release was published on openPR.