The Indian prime power diesel genset market was USD 143.6 million in 2021, and it will grow at a rate of 10.6% to reach USD 356.3 million by 2030. The industry will grow because of the high demand for diesel gensets from commercial industry and significant growth in manufacturing and construction industry.
The growing telecom industry is also an important driving factor for the Indian prime power diesel genset market. It wants to tackle the unreliable grid electric supply. Because of which, telecom towers in India generally employ prime-power diesel generators.
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Furthermore, power cuts can prove costly in the commercial sector. Prime power diesel generators provide backup, and can prevent the loss of revenue caused by unreliable electrical power for carrying out various procedures. Thus, in 2021, companies in India, which offer these systems made over 60% of revenue from the commercial sector.
The fastest growth is projected in the use of 5kVA-75kVA category, as commercial sector is widely adopting them to ensure the meeting of their power needs. The sales is also projected to grow with a rate in excess of 10% during the forecast period. Because of the rising adoption of these gensets in telecom towers, it is resulting in an increased sales of the same in the nation
Due to the increasing investment and adoption of prime power diesel genset by the commercial sector, the requirement for prime power diesel gensets will grow considerably in the years to come.