8.8% CAGR to Make India Diesel Generator Set USD 1,839.5 Million Market by 2030

The size of the Indian diesel genset market was USD 937.1 million in 2022, and it will advance at a rate of 8.8% in the years to come, to reach USD 1,839.5 million by 2030, as per P&S Intelligence.

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5 kVA-75 kVA category had the largest volume share in the recent past, which is credited to the low upkeep cost and easy obtainability of the spare parts of these variants all over India. Furthermore, the economic growth in the nation and the increase in the count of construction projects will result in a high requirement for these gensets for meeting major and auxiliary power requirements.

The residential category had the largest share of revenue in the Indian diesel genset 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.

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India, recently, has observed high economic growth, furthermore to the commencement of numerous construction projects, such as, roads, buildings, ports, highways and refineries, by both private and public players. Also, support of the government has amplified, in terms of budgetary allocations and regulatory reforms, for infra projects, which is opening new sectors to private investments and involvements.

It is because of the increasing number of construction projects, the demand for diesel gensets in India will increase significantly in the future.

Browse more reports:

India Residential Diesel Genset Market - https://www.psmarketresearch.com/press-release/india-residential-diesel-genset-market

India Prime Power Diesel Genset Market - https://www.psmarketresearch.com/press-release/india-prime-power-generator-set-market

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This release was published on openPR.