India Gas Generator Market Size (2024 - 2029)

The India gas generator market is experiencing growth, driven by increased awareness of natural gas as a clean fuel, concerns over diesel maintenance, and environmental responsibility. Despite challenges such as limited pipeline connections to the gas grid, the market has rebounded to pre-pandemic levels. Future expansion opportunities are anticipated in the commercial and industrial sectors of emerging economies, the residential sectors of developed economies, and the rising power demands in defense operations.

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Market Size of India Gas Generator Industry

India Gas Generator Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.50 %

Major Players

India Gas Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Gas Generator Market Analysis

In India, the market for gas generators is expected to register a CAGR of more than 4.5% over the next few years. In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.

  • In recent years, the demand for gas generators has grown because more people know that natural gas is a clean and reliable fuel, more people are worried about diesel maintenance and refueling problems, the price of natural gas fuel has gone down, and people want to be more responsible for the environment in general.
  • But the gas generator market is likely to face problems in the coming years due to the lack of pipeline connections to the gas grid. This makes it hard to get fuel.
  • Future opportunities for market participants are likely to come from the commercial and industrial sectors of emerging economies, the residential sectors of developed economies, and the growing need for power in defense operations.

India Gas Generator Industry Segmentation

A gas generator is a device that generates electricity by burning gas. Furthermore, a gas generator is a type of generator that runs on natural gas instead of gasoline or diesel. India's gas generator market is segmented by capacity rating and end-user. By capacity rating, the market is segmented into less than 75 kVA, 75 - 375 kVA, and more than 375 kVA. By end-user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the gas generator market. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).

Capacity Rating
Less than 75 kVA
Between 75-375 kVA
Above 375 kVA
End-User
Industrial
Commercial
Residential
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India Gas Generator Market Size Summary

The Indian gas generator market is poised for growth, driven by increasing awareness of natural gas as a clean and reliable fuel source. The market has rebounded to pre-pandemic levels after the initial setbacks caused by COVID-19. The decline in natural gas prices and the push for environmental responsibility are significant factors propelling demand. However, challenges such as inadequate pipeline connections to the gas grid could hinder growth. The market is expected to find opportunities in the commercial and industrial sectors of emerging economies, as well as in the residential sectors of developed economies. The need for power in defense operations also presents a potential growth area.

The demand for gas generators, particularly those with a capacity of less than or equal to 75 kVA, is anticipated to rise, especially in sectors like telecommunications, small-scale industries, and construction. Government initiatives such as smart cities and green building projects are expected to further drive demand. The Indian government's commitment to achieving net-zero emissions by 2070 and its focus on increasing non-fossil fuel electricity capacity by 2030 are likely to support the market's expansion. Additionally, new emission standards and strategies to reduce pollution from diesel generators are expected to bolster the adoption of gas generators. The market is moderately fragmented, with key players like Kohler Co, Kirloskar Electric Company Limited, Cummins Inc, Caterpillar Inc, and General Electric Company actively participating in the market.

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India Gas Generator Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Capacity Rating

      1. 2.1.1 Less than 75 kVA

      2. 2.1.2 Between 75-375 kVA

      3. 2.1.3 Above 375 kVA

    2. 2.2 End-User

      1. 2.2.1 Industrial

      2. 2.2.2 Commercial

      3. 2.2.3 Residential

India Gas Generator Market Size FAQs

The India Gas Generator Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

Kirloskar Electric Company Limited, Cummins Inc , Caterpillar Inc, General Electric Company and Kohler Co are the major companies operating in the India Gas Generator Market.

India Gas Generator Market Report Snapshots

India Gas Generator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)