India Diesel Generator Market is projected to grow at a CAGR of around 6% during 2022-27 | Ashok Leyland, Caterpillar Inc.
Kirloskar Leads the Charge in the Thriving Diesel Generator Business
Diesel generators act as the primary source of energy generation in diverse end-user sectors, including residential, industrial, and commercial domains, during power outages, grid failures, or emergency power supply needs. Thanks to the increasing government emphasis on infrastructural developments, the demand for diesel generators to ensure a continuous and stable electricity supply has elevated in India in recent years. To cater to this intensifying demand, numerous key players are coming up with innovative products and expanding their portfolios.
Market Overview
According to MarkNtel Advisors, the India Diesel Generator Market is all set to thrive at a CAGR of around 6% during the forecast period, i.e., 2022-27. The report also observed that the Commercial sector leads the Indian market with a growing government focus on developing the sector and expanding its offerings throughout the country. When it comes to the notable consumers, healthcare, food & beverage, hotels, & restaurants, and shopping complexes top the list as these sectors use them as a primary source for power backup during grid failures, power outages, and emergencies. Another, Projects like “Make in India” again favor the adoption of diesel generators with the rapid expansion of manufacturing industries in the future.
The presence of companies like Ashok Leyland, Caterpillar Inc., Cummins India Ltd., VE Commercial Vehicles Ltd., Greaves Cotton Limited, Kirloskar Oil Engines Ltd., Kohler Co., Mahindra & Mahindra Ltd., Cooper Corporation Private Limited, Escorts Limited and more has positively benefited the Indian market over the past years. Let us talk about Kirloskar and its products in a bit of detail.
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Kirloskar Oil Engines Ltd: Overview, Product Launch
Over the past decade, KIRLOSKAR has solidified its position as India’s largest and most trusted DG Set Manufacturer. With a comprehensive range from 2.1 to 5200 kVA, KIRLOSKAR Green and KIRLOSKAR Portable & Stationary have earned their reputation, with over 1 million Gensets in operation worldwide. Kirloskar Oil Engines Limited, the flagship company of the long-standing Kirloskar Group, boasts two prominent diesel genset brands: Kirloskar Portable & Stationary and Kirloskar Green.
The KIRLOSKAR Silent Diesel Generator is an example of indigenous innovation, employing state-of-the-art design and simulation technologies. KIRLOSKAR Green, recognized as a leading Diesel Generator Set (Genset) manufacturer in India, is designed in such a way as to deliver optimal power backup solutions across diverse business and commercial applications. Based on decades of application expertise, global technological trends, and evolving user expectations, KIRLOSKAR’s R&D team develops top-tier products tailored to target markets. These products undergo rigorous validation in world-class facilities before their market launch.
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Kirloskar Groups, Solidifying Their Presence and Commitment to Excellence
Kirloskar has consistently supplied reliable and top-notch products tailored to meet diverse power requirements across various market sectors, such as telecom, construction, IT/ITES, retail, hotels, hospitals, banking and finance, and manufacturing, all at highly competitive prices. Behind Kirloskar’s success lies its fully-equipped research and engineering facility, boasting cutting-edge technology, advanced equipment, and the latest software. This facility is dedicated to designing, developing, and enhancing engines, systems, and controls.
Kirloskar engines and diesel generator sets also hold certifications for meeting stringent noise and exhaust emission regulations mandated by the Central Pollution Control Board in India. Driven by a robust customer-centric approach and an unwavering commitment to the highest quality standards, Kirloskar has secured and maintained a leadership position in the generating set business.
In 2012, Kirloskar made a foray into the residential diesel generator market by introducing their compact product – Kirloskar Chota Chilli. 2014 marked the establishment of a new brand identity, ‘Kirloskar Green,’ specifically for Kirloskar generators, further solidifying their presence and commitment to excellence in the industry.
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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.
We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients to identify attractive investment opportunities and maximize ROI through an early mover advantage.
We understand the growing need of our clients and thus focus on emerging industries to provide our services which can fulfil their need for assessing the current and future industry potential, identification of white spaces & hotspots and venturing into new geographies or business segments.
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