The India gensets market will grow at a rate of 6.8% in the year to come and the value will reach USD 855.1 million by 2030. This is mostly credited to the increasing requirement for medium- and high-power gensets from the commercial industry and rising construction and manufacturing industries.

The commercial category dominated the industry, on the basis of application. This has a lot to do with the high acceptance of gensets for supply of power in restaurants, telecom towers, hotels, malls, and other commercial formations, driving the requirement for gensets in the commercial sector in the years to come.

Telecom towers will witness the highest requirement for generators in the years to come, because of the constant need for prime power and backup power in these kinds of settings.

Furthermore, initiatives of the government, as well as the National Digital Communications Policy, draw investments of approximately 100 billion in the telecom sector by 2022 and enable the installation of a supplementary 100,000 mobile towers for catering the necessities of an increasing subscriber base.

Get More Insights: India Gensets Market Revenue Estimation and Growth Forecast Report

One of the key factors accountable for powering the growth of the industry in Tamil Nadu is the occurrence of a number of market players in the state. Furthermore, the industry had a strong potential for development, with manufacturers following capacity developments in South India.

Due to the growth of the manufacturing sector in the country, the demand for gensets in India is on the rise.