India is undergoing rapid developments in its different sectors, and thus, energy consumption levels are rising significantly across the country. However, since there are always some fluctuations in the energy flow, several businesses, projects, industries, and other areas that rely on it experience massive revenue losses, even in a short duration of power outages. Hence, there’s a dire need for a reliable power generation source to cater to emergencies & power outage situations and act as a perfect power backup.
It is where diesel generators come into the picture. Over the years of innovations in their mechanism, they act as an ultimately reliable power backup resource that allows all electrical applications to function without disruptions. Therefore, their adoption is increasing rapidly across different sectors, including industrial, commercial, & residential, among others, throughout India.
A recent research report published by MarkNtel Advisors has revealed that the India Diesel Generators Market is set to record around 6% CAGR during 2022-27, which owes mainly to numerous ongoing & upcoming infrastructural development projects and construction activities across the country.
Application of Diesel Generators across Different Sectors
The portable design of diesel generators has made them an excellent source of power generation at times of power outages, and reliable temporary power sources across different sectors, like industrial, commercial, residential, and other applications like construction activities, among others. As many industries cannot afford to loo energy flow and might fall into massive pitfalls during outages, the demand for these generators is escalating rapidly. There are different applications of diesel generators backed by their portability & power backup perks across sectors. Let us take a look at each application to understand why there is such hype behind the adoption of diesel generators in India.
As the country is encouraging the expansion of different industries and attracting foreign investments for the establishment of new plants and factories, the procurement of heavy machinery and energy consumption are elevating rapidly. It, in turn, is also fueling the demand for diesel generators to cater to the power supply requirements.
Especially during outages and emergencies. Moreover, as even the shortest duration of a power outage can cause significant losses to businesses, industrialists are actively using technologically advanced generators in their business facilities.
The commercial sector, including retail stores, shopping complexes, hotels, restaurants, theatres, airports, railway stations, and metros, among others, are the few among the lost list of areas that require a massive power supply to run and function all the day-to-day activities without hassle.
Therefore, government and private investors are actively procuring diesel generators to deliver uninterrupted power flow at these accommodations. It, in turn, is also instigating the leading manufacturers to increase their production & distribution capacities and meet the burgeoning needs throughout the country.
As people are inclining more and more toward home appliances that run on electricity, the consumption rates are elevating substantially. Moreover, for greater convenience and an uninterrupted flow of energy, people are investing in portable diesel generators to supply energy across the residential sectors at all times, especially in situations like blackouts.
India is developing at a rapid pace, and so is the number of construction projects. While some are associated with the public infrastructure and bringing greater convenience to the public, the exponentially rising population, on the other hand, is fueling the demand for residential construction for habitation.
In addition, the government is also focusing on constructing smart cities, green buildings, etc., and laying out several other such projects, undergoing developments day and night. As a result, the demand for diesel generators is rising swiftly to cater to the need for uninterrupted and reliable energy flow for these purposes.
The growth of the market is driven primarily by the growing government focus on infrastructural developments, leading to the expanding healthcare sector & stimulating the demand for diesel generators for uninterrupted & stable flow of electricity.
Moreover, favorable government policies and the active participation of the leading players in attaining advanced technologies in diesel generators for better operational efficiency & cost-effectiveness are other prominent aspects projected to fuel the overall market growth in the years to come.
Undoubtedly, renewable energy-powered generators will take the top spot within both consumer & commercial sectors in the far future. However, the immense cost of transitioning away from diesel engines, and the extensive infrastructure & availability of diesel, and the increasing grid failures & power outages indicate the continued growth of the India Diesel Generators Market throughout the forecast years.