After expanding at a CAGR of 15.8 per cent between 2017 and 2022, India’s diesel generator market is poised to grow at 9.1 per cent through to 2027, according to Ken Research. By capacity, diesel generators above 1,000 kva account for 31 per cent of the market.
According to Shrikant Devanpelli, Managing Director, Prashanti MEP Consultant, “The need for every medium (more than 20 floors) to tall building (more than 40 floors) to have a generator set (or alternative power supply, for medium buildings) to get a no-objection certificate from the relevant fire authority is driving the market.”