インドの発電機市場の評価：タイプ・燃料タイプ・電圧・エンドユーザー・地域別の機会および予測 (2018-2032年)

インドの発電機の市場規模は、2024年の14億5,000万米ドルから、予測期間中はCAGR 7.07％で推移し、2032年には25億米ドルの規模に成長すると予測されています。

産業、インフラ、経済セクターの発展がインドの発電機需要を押し上げています。発電機は、送電網の不整合や頻繁な停電に対する一次的な電力バックアップソリューションとして考えられています。発電機の需要は、工業化や都市化に加え、インフラ、IT、ヘルスケアなどの主要産業における効率的な電源バックアップの必要性により、速いペースで拡大しています。また、同国の経済成長とインフラプロジェクトの拡大により、発電機の市場規模は今後も拡大すると予想されています。

インドでは、人口の都市化により、集合住宅、ショッピングモール、病院、商業施設などの需要が高まり、安定した電力供給への需要が高まっています。さらに、インド政府は送電網の改善、開発、刷新のため、電力供給の途絶に関連する投資を行っています。現状では、特に農村部や半都市部において、インドは頻繁に電力供給の中断に直面しています。各地域では、計画外の負荷削減や停電に直面しており、発電機に対する国の需要を押し上げています。

当レポートでは、インドの発電機の市場を調査し、市場の定義と概要、市場規模の推移・予測、各種区分・地域別の詳細分析、産業構造、市場成長への影響因子の分析、ケーススタディ、競合情勢、主要企業のプロファイルなどをまとめています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

• 製品と市場のインテリジェンス
• ブランド認知度
• 購入決定時に検討される要素

第5章 インドの発電機市場の展望

• 市場規模の分析・予測
• 市場シェア分析・予測
  • タイプ別
  • 燃料タイプ別
  • 電圧別
  • エンドユーザー別
  • 地域別
  • 企業シェア分析
• マーケットマップ分析

第6章 ポーターのファイブフォース分析

第7章 PESTLE分析

第8章 価格分析

第9章 市場力学

• 市場促進要因
• 市場の課題

第10章 市場の動向と発展

第11章 ケーススタディ

第12章 競合情勢

• 市場リーダー上位5社の競合マトリックス
• トップ5社のSWOT分析
• トップ10社の情勢
  • Mahindra Powerol Limited
  • Supernova Engineers Pvt. Ltd.
  • Kohler Co.
  • Mitsubishi Heavy Industries, Ltd.
  • Cummins India Limited
  • Tata Motors Limited
  • Kirloskar Oil Engines Limited
  • Honda India Power Products Ltd.
  • Ashok Leyland Limited
  • Sterling and Wilson Powergen Pvt. Ltd.

第13章 戦略的提言

第14章 当社について・免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Generators Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Generators Market, By Volume, In Million Units, FY2018-FY2032F
• Figure 3. India Generators Market Share (%), By Type, FY2018-FY2032F
• Figure 4. India Generators Market Share (%), By Fuel Type, FY2018-FY2032F
• Figure 5. India Generators Market Share (%), By Voltage, FY2018-FY2032F
• Figure 6. India Generators Market Share (%), By End-user, FY2018-FY2032F
• Figure 7. India Generators Market Share (%), By Region, FY2018-FY2032F
• Figure 8. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9. By Fuel Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Voltage Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By End-user Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 12. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

India generators market is projected to witness a CAGR of 7.07% during the forecast period FY2025-FY2032, growing from USD 1.45 billion in FY2024 to USD 2.50 billion in FY2032. Development in industrial, infrastructural, and economic sectors boost the demand for generators in India. Generators are considered as primary power backup solutions for an inconsistency in the power grid and frequent power cuts. The demand for generators is growing at a fast pace due to industrialization, urbanization, and the requirement for efficient power backup in major industries such as infrastructural, IT, and healthcare sectors. Moreover, economic growth and expanding infrastructure projects in the country are expected to continuously expand the generators market size in the forecast years.

In India, the urbanization of the population creates a high demand for residential complexes, shopping malls, hospitals, and commercial centers, resulting in a high demand for consistent power supply. Moreover, the Indian government is involved in investment related to power supply disruptions for the improvement, development, and revamping of power grids. In the current situation, India continues to face frequent power supply disruptions, particularly in rural and semi-urban areas. Regions face unplanned load shedding and outages which drive the country's demand for generators.

For instance, in March 2024, the demand for generators rose as prices went up by 20-40% due to technological shifts. Players indicated that the demand is fairly strong across key end-users, including residential and commercial.

Urbanization, Industrialization, and Commercial Sector to Expedite Market Growth

Urbanization has led to the growth of high-rise buildings and residential complexes. The rising population and increased energy consumption in metro cities create pressure on the power grid. The contractors of residential buildings are investing in generators to ensure a permanent source of power in case of outages. The rapid development of urban infrastructure, including transportation networks, smart city initiatives, and new commercial hubs, drives the demand for high-voltage generators.

Furthermore, the growing number of SMEs in India contributes to demand for generators in the market. Several manufacturing units, which often operate in rural regions with unreliable power supply, require generators to avoid disruptions in production and service delivery. Moreover, with rise in investment in the expansion of shopping malls, office spaces, hotels, restaurants, healthcare sector expansion, data centers, and IT Hubs will drive the demand for generators in India's market.

For instance, in November 2022, the Indian government decided to invest USD 55 billion per annum in urban infrastructure to meet the needs of the growing population, which helps to boost the demand for generators in various applications.

Frequent Power Supply Disruptions in Semi-urban and Rural Areas to Expand Market Size

In India, semi-urban and rural areas have outdated grid infrastructure, which is unable to meet the demand for growing electricity. Frequent power outages and voltage fluctuations are disrupting daily activities and business operations. As a result, generators are highly used as a reliable alternative to ensure a stable power supply during outages.

In several regions, power cuts are a regular occurrence, which often last for long hours. Long hours of power cuts prompted households to invest in small to medium-sized generators. Generators are the best-fit solution and ensure the continuous power supply for essential needs like lighting, cooling, and running household appliances.

Moreover, rural areas heavily rely on electricity for agricultural activities, particularly for irrigation, cold storage, and farm equipment operation. Power outages during critical farming seasons may lead to crop losses and inefficiencies. Farmers and agricultural businesses are investing in diesel or gas-powered generators to combat the situation and ensure uninterrupted power supply, which boosts the demand for generators in the country.

Thus, frequent power supply disruptions in semi-urban and rural areas have made generators a vital resource of energy in households, businesses, agriculture, and public infrastructure.

For instance, in July 2024, the rural areas in Rajasthan experienced up to 12 hours of power cuts on average per day, while urban residents witnessed shorter power supply cuts. People are looking for reliable power supply solutions, which drive the demand for generators in India.

Ongoing Investment in Hybrid Generators to Drive Market Growth

Hybrid generators can operate on a combination of traditional fuel with renewable energy sources. These generators offer several advantages which align with India energy needs and sustainability goals.

Moreover, the Indian government is heavily promoting the adoption of renewable energy through various policies and initiatives, such as the National Solar Mission. Hybrid generator systems align with new policies, offering a solution that incorporates renewable sources while ensuring reliable power backup. Also, financial and tax benefits to businesses for renewable energy adoption boost the generator market growth.

Ongoing investments in research and development (R&D) for the improvement of hybrid generator design make generators more efficient, compact, and cost-effective. Improvements in battery storage technology, automation, and smart grid compatibility further enhance the performance of hybrid generators.

The innovation enables the seamless integration of hybrid generators with the current power system. The hybrid generator is a flexible and scalable solution for different power needs, providing opportunities for manufacturers to offer customized solutions for a range of applications, from small homes to large industrial complexes.

Thus, the ability to combine sustainability with cost-efficiency and reliability of hybrid generators will cater to a wide range of industries, creating opportunities for the generators market.

For instance, in November 2023, Hitachi Energy Ltd. (Hitachi Ltd.) decided to unveil new emission-free generators under the trademark name HyFlex, which is an alternative to diesel-powered generators.

Standby Generators to Dominate Market Share in India

The standby generators have a high adoption rate, which leads the segment to dominate India generators market. Standby generators ensure sufficient power supply to lower the downtime during frequent power outages. India's industrial sector is growing rapidly, pushing manufacturing and production activities to increase. Industrial players are highly investing in standby generators to ensure business continuity during outages. Moreover, the newly developed standby generators are being designed as per new laws to meet stricter environmental regulations, including lower emissions and better fuel efficiency, driving the growth of the market for generators in India. Furthermore, the rapid growth of telecommunication towers and data centers in India has led to increased demand for standby generators.

For instance, in 2023, Cummins India Limited saw a rise in consolidated profits of around 31% in the first quarter from the power generator segment. The development shows the rise in the revenue from the sale of generators in India.

West and Central Region to Dominate the India Generators Market Share

The west and central regions dominated the generator market with the highest market share. The region comprises states engaged in the production of goods and services. The region experiences frequent power outages, especially during summer, as the consumption of power is high during this period. Generators are crucial for maintaining power in homes, businesses, and facilities such as hospitals and malls. The government is focusing on electrification of rural areas, which will foster the demand for generators. Additionally, the rise in interest in hybrid generators is expected to be a major factor for market growth during the forecast period. With growing infrastructure and industrialization in the region, the demand for generators is anticipated to boost in the forecast years. For instance, in July 2023, Tata Motors Limited decided to launch a new-generation and cutting-edge range of gensets in India. These gensets can be used in small enterprises, residential, healthcare, hospitality, and telecom industries.

Future Market Scenario (FY2025 - FY2032F)

The rise in industrialization across sectors such as manufacturing, construction, healthcare, and telecom will drive the demand for standby generators in the forecast period.

Environmental concerns and regulatory pressure to curb emissions are pushing generator manufacturers toward developing cleaner technologies.

The demand for hybrid systems generators is becoming more popular in commercial applications.

The upcoming government initiatives are focused on improving power infrastructure, rural electrification, and disaster management, which will continue to influence the growth of the generator market in the forecast period.

Key Players Landscape and Outlook

India generators market is characterized by several key players, Mahindra Powerol Limited, and Supernova Engineers Pvt. Ltd., known for their diverse product offerings, including diesel, gas, and portable generators. These players in the India generator market are continually developing innovative technologies and working on improvements to meet evolving consumer demands, environmental regulations, and technological advancements. Product launches, acquisitions, agreements, collaborations, and developing technologies are projected to increase competition in this fast-paced market.

For instance, in August 2022, Kirloskar Oil Engines announced the formal launch of gas-powered generators in the market. The company launched a dual-fit kit, which will be retrofitted on the existing and future diesel generators to run on a combination of gas and diesel.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-Added Service
  • 4.3.2. Efficiency and Output
  • 4.3.3. Power Rating
  • 4.3.4. Fuel Type
  • 4.3.5. Price
  • 4.3.6. After-Sales Support

5. India Generators Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Standby Generators
    • 5.2.1.2. Portable Generators
    • 5.2.1.3. Inverter Generators
    • 5.2.1.4. Others
  • 5.2.2. By Fuel Type
    • 5.2.2.1. Diesel
    • 5.2.2.2. Gas
    • 5.2.2.3. Hybrid
    • 5.2.2.4. Others
  • 5.2.3. By Voltage
    • 5.2.3.1. Below 250 kW
    • 5.2.3.2. 250 kW to 500 kW
    • 5.2.3.3. 501 kW to 750 kW
    • 5.2.3.4. 750 kW to 1 MW
    • 5.2.3.5. Above 1 MW
  • 5.2.4. By End-user
    • 5.2.4.1. Commercial
    • 5.2.4.2. Industrial
    • 5.2.4.3. Residential
    • 5.2.4.4. Others
  • 5.2.5. By Region
    • 5.2.5.1. North
    • 5.2.5.2. South
    • 5.2.5.3. East
    • 5.2.5.4. West and Central
  • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, (FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Type
  • 5.3.2. By Fuel Type
  • 5.3.3. By Voltage
  • 5.3.4. By End-user
  • 5.3.5. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Pricing Analysis

9. Market Dynamics

• 9.1. Market Drivers
• 9.2. Market Challenges

10. Market Trends and Developments

11. Case Studies

12. Competitive Landscape

• 12.1. Competition Matrix of Top 5 Market Leaders
• 12.2. SWOT Analysis for Top 5 Players
• 12.3. Key Players Landscape for Top 10 Market Players
  • 12.3.1. Mahindra Powerol Limited
    • 12.3.1.1. Company Details
    • 12.3.1.2. Key Management Personnel
    • 12.3.1.3. Products and Services
    • 12.3.1.4. Financials (As Reported)
    • 12.3.1.5. Key Market Focus and Geographical Presence
    • 12.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 12.3.2. Supernova Engineers Pvt. Ltd.
  • 12.3.3. Kohler Co.
  • 12.3.4. Mitsubishi Heavy Industries, Ltd.
  • 12.3.5. Cummins India Limited
  • 12.3.6. Tata Motors Limited
  • 12.3.7. Kirloskar Oil Engines Limited
  • 12.3.8. Honda India Power Products Ltd.
  • 12.3.9. Ashok Leyland Limited
  • 12.3.10. Sterling and Wilson Powergen Pvt. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

13. Strategic Recommendations

14. About Us and Disclaimer