The Indian residential diesel genset market is projected to be USD 184.9 million by 2030 growing at a CAGR of 7.1% during the forecast period, according to P&S Intelligence.

In the past few years, the stationary diesel gensets category had the larger share, in terms of size and revenue, on the basis of type. Furthermore, it is projected to be in the dominant position till 2030, because of the increasing acceptance of stationary diesel gensets in residential extents as they offer a constant supply of power and guarantee uninterrupted processes.

Tamil Nadu is projected to experience the fastest development in the Indian residential diesel genset market in the coming few years. This can be majorly credited to the growing need for residential structures in Tamil Nadu, which has directed an increase in the demand for diesel generators.

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As per the India Brand Equity Foundation (IBEF), by 2040, India’s real estate sector will raise to USD 9.30 billion from $1.72 billion in 2019. Moreover, 86,139 housing units were sold across the top seven Indian metropolises, namely Ahmedabad, Bengaluru, Chennai, Pune, Delhi, Dehradun, and Noida, in the second half of 2020.

Hence, the rising count of residential surroundings, the growing necessity for bi-fuel, hybrid, and inverter generators, and high-power outage incidence are the major factors propelling the Indian residential diesel genset industry.