Improved techniques with enhanced productivity, growing investments across upstream oil and gas sector, technological advancements and favorable government initiatives to bolster India gas genset market growth through FY2026. https://bit.ly/2Mrc0wJ

1. MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
INDIA GAS GENSET MARKET
FORECAST & OPPORTUNITIES
FY2016–FY2026

2. 2
Scope of Report
Product of Interest (POI): Gas Genset
Review Period
FY2016 – FY2019
Base Year
FY2020
Estimated Year
FY2021
Forecast Period
FY2022 – FY2026
Year Range
A gas genset is an equipment which is used for transformation of heat capacity into
mechanical energy and ultimately mechanical energy into electrical energy. Components of a
gas genset equipment are alternator, engine, soundproof cabin, automatic transfer switch,
control panel and base frame. Growing pipeline infrastructure and increasing awareness about
gas being a cleaner fuel are driving factors for the growth of the India gas genset market.
GAS GENSET MARKET
Market Segmentation
TYPE
• Up to 75kVA
• 76 kVA-350 kVA
• 351kVA-750KVA
• >750kVA
REGION
• North
• South
• East
• West
END USER
• Industrial
• Commercial
• Domestic

3. 3
Table of Contents
S. No. Contents Page No.
1.
Product Overview (A brief description of the category and product inclusions considered under the scope of
the study to give clear picture to the client about the product of interest.)
2.
Research Methodology (A detailed methodology on how we have derived the market related information
and what are the measures that has been taken to validate the data.)
3. Executive Summary (This chapter covers summary of the complete study.)
4. Impact of COVID-19 on Gas Genset Market
5. Voice of Customer
6.
India Gas Genset Market Outlook, FY2016-FY2026F (This chapter includes a brief overview of the product
of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading
region, top grossing product types, etc. It includes more of a qualitative information about the market.)
6.1.
Market Size & Forecast (This chapter would include the market size i.e., the revenue generated
from the India gas genset market in one year. In this case, the market size will be provided in
value terms for historic period (FY2016-FY2019); current/base year (FY2020); estimated year
(FY2021E); and forecast (FY2022-FY2026))
6.1.1. By Value
6.2. Market Share & Forecast (The overall product of interest bifurcated/split among various segments. )
6.2.1. By Type (Up to 75kVA, 76 kVA-350 kVA, 351kVA-750KVA, >750kVA)
6.2.2. By End User (Industrial, Commercial, Domestic)
6.2.3. By Company (FY2020)
6.2.4. By Region (North; South; East; West)
6.3. Market Attractiveness Index

4. 4
Table of Contents
S. No. Contents Page No.
7. North India Gas Genset Market Outlook, FY2016-FY2026F
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By End User
8. East India Gas Genset Market Outlook, FY2016-FY2026F
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By End User
9. West India Gas Genset Market Outlook, FY2016-FY2026F
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast

5. 5
Table of Contents
S. No. Contents Page No.
9.2.1. By Type
9.2.2. By End User
10. South India Gas Genset Market Outlook, FY2016-FY2026F
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By End User
11. Market Dynamics
11.1. Drivers
11.2 Challenges
12. Market Trends & Developments
13. Policy Regulatory and Landscape
14. India Economic Profile
15. Competitive Landscape
15.1. Competition Outlook

6. 6
Table of Contents
S. No. Contents Page No.
15.1. Competition Outlook
15.2. Company Profiles (Leading Companies)
15.2.1. Company Details
15.2.2. Products & Services
15.2.3. Financials (As Reported)
15.2.4. Key Market Focus & Geographical Presence
15.2.5. Recent Developments
15.2.6. Key Management Personnel
16. Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter
and expand market share)
17. About Us & Disclaimer

7. RESEARCH
METHODOLOGY

8. 8
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was
conducted to
determine top players
in the India gas genset
market, overall
market size and
segmental market
size.
In order to
conduct industry
experts’ interviews,
TechSci
formulated a
detailed
discussion guide.
List of industry
players and
industry
specialists was
developed.
TechSci conducted
interviews with
industry experts
and industry
players for data
collection and
verification.
Data obtained as
a result of
primary and
secondary
research was
validated
through rigorous
triangulation.
The data was
scrutinized using MS-
Excel, statistical tools
and internal
proprietary database
to obtain qualitative
and quantitative
insights about the
India gas genset
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Websites
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research

9. 9
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of India gas genset market. The team has analyzed the
outlook of various segments of this market, while considering the major influencing factors such as the lower operating cost of gas gensets as
compared to diesel gensets, along with growing construction activities, and the rising government focus on reducing harmful emissions, among
others. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
sustainability in India gas genset market.
Methodology Followed for Calculation of Market Size:
• Market Size By Value : Market size, in terms of value, for the year FY2020 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as manufacturers, suppliers, channel partners,
end users, industry experts, and other industry participants.
• The team interviewed more than 40 – 50 manufacturers, suppliers, 180 – 200 end users, and 15 – 20 industry experts and other value chain
stakeholders in the India gas genset market to obtain the overall market size from FY2016 to FY2020, which was validated by the Delphi
technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during FY2016-
FY2020.
• Respondents were asked about the current and future market growth rates, market shares by type, by end user, by region and by company.
Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various
segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated
from other stakeholders.

10. 10
Research Methodology
Methodology Followed for Calculation of Market Shares:
Market shares by type, by end user, by region and by company were calculated based on the responses received through primary surveys with
industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of gas genset
market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating
the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India gas
genset market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis

11. 11
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research
also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It
should be noted that the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ Clarke Energy India Private Limited
▪ Caterpillar India Private Limited
▪ Green Power International Pvt Ltd
▪ GGE Genset Private Limited
▪ Wartsila India Private Limited
▪ Yanmar India Private Limited
▪ MTU India Pvt. Ltd
▪ Sterling and Wilson Pvt. Ltd.
▪ Mahindra Powerol Limited
▪ Prakash Diesels Private Limited
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ Statista
▪ News Dailies
▪ Credible Paid Databases

12. 12
© TechSci Research
Industry Brief
According to a report published by TechSci Research on “India Gas Genset Market By Type (Up to 75kVA, 76 kVA-350 kVA,
351kVA-750kVA, >750kVA), By End User (Industrial, Commercial, Domestic), By Region, FY2016-FY2026”, India gas genset
Market stood at over USD246.25 million in FY2019 and is forecast to reach USD339.12 million by FY2026. Anticipated growth in
the market can be attributed to growing pipeline infrastructure and increasing awareness about gas being a cleaner fuel.
Moreover, the lower operating cost of gas gensets as compared to diesel gensets, along with growing construction activities, is
further boosting demand for gas gensets in India. Additionally, the rising government focus on reducing harmful emissions and
promoting the use of gaseous fuel is further anticipated to aid the growth of India gas genset market during the forecast period.
Based on Type, in terms of gas genset Rating, >750kVA segment captured the largest market revenue share. With ongoing
demand for medium rating gas genset from Commercial, Industrial and Domestic segments, >750kVA segment is projected to
exhibit high growth during the forecast period.
Few of the major players operating in the India gas genset market include Clarke Energy India Private Limited, Caterpillar India
Private Limited, Green Power International Pvt Ltd., GGE Genset Private Limited, Wartsila India Private Limited, Cooper
Corporation Private Limited, Perfect Gas Generators, Sterling & Wilson Pvt Ltd., MTU India Private Limited, Cummins India
Limited (CIL), Mahindra Powerol Limited, Prakash Diesels Private Limited, Powerline Group of Industries and Kirloskar Oil
Engines Limited (KOEL).
Various secondary sources such as white papers and secondary literature on gas gensets, Ministry of Commerce, CEA, Reserve
Bank of India, Ministry of Housing & Urban Poverty Alleviation, Federation of Indian Chambers of Commerce and Industry
(FICCI), Ministry of New and Renewable Energy, Ministry of Power, Annual Reports, International Monetary Fund and World
Bank were studied by TechSci Research.
Among the regions, West India accounted for the majority of the India gas genset Market with a market share of around 40.1% in
2019 and is anticipated to maintain its position during the forecast period as well. Burgeoning shale gas exploration and
production in the US, has favored the gas genset market in West India. Additionally, factors such as increased exploration activity
and focus on the development of new oil and gas fields are expected to drive the market for gas genset in West India, said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

13. 13
© TechSci Research
Sample Data - Snapshot
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
FY2016 FY2020 FY2021E FY2026F
India Gas Genset Market Size, By Value (USD Million), FY2016–FY2026F
CAGR By Value
XX%
CAGR By Value
YY%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021E
FY2022F
FY2023F
FY2024F
FY2025F
FY2026F
Up to 75kVA 76 kVA-350 kVA 351kVA-750KVA >750kVA
India Gas Genset Market Share, By Type, By Value, FY2016–FY2026F
North India Gas Genset Market Share, By End User, By Value, FY2016–FY2026F
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
FY2016
FY2018
FY2020
FY2022F
FY2024F
FY2026F
Industrial Commercial Domestic

14. 14
© TechSci Research
Report Ordering
Report Name: INDIA GAS GENSET MARKET
FORECAST & OPPORTUNITIES
FY2016 –FY2026
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15. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or
omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this
report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market
size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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