India Prime Power Diesel Genset Market Size

India Prime Power Diesel Genset Market Future Prospects

From an estimated USD 221.2 million in 2024, the Indian prime power diesel genset market value is projected to demonstrate a CAGR of 8.3% during 2024–2030, to reach USD 356.3 million by 2030.

The market growth is expected to be driven by the high-volume demand for medium- and high-power diesel gensets from the commercial sector and notable growth in the construction and manufacturing industries. These industries are themselves driven by macroeconomic development, increasing CAPEX by public and private players, and government reforms and incentives to encourage foreign and domestic investments.

Moreover, the growing telecommunication industry is a key driving force for the prime power diesel generators industry in India. This sector is strongly focusing on tackling one of the biggest obstacles in the country, i.e., unreliable electricity supply from the grid. As a result, Indian telecom tower operators mostly use prime power diesel generators.

According to the Telecom Regulatory Authority of India (TRAI), the number of telephone subscribers in India increased from 1,179.49 million in January 2021 to 1,197 million by February 2024. This is putting extra pressure on telecom companies to keep their towers functional even amidst the erratic grid supply.