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India Power Rental Market Size, Share, Growth, Forecast: By Fuel Type: Diesel, Gas, Alternative Fuel; By Rating: Up to 50 kW, 51 –500 kW, Above 500 kW; By Application: Peak Shaving, Standby Power, Prime/Continuous Power; By End Use: Utilities, Oil and Gas, Events, Construction, Others; Regional Analysis; Competitive Landscape; 2024-2032
India Power Rental Market Outlook
The India power rental market size reached approximately USD 371.9 million in 2023. The market is projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of around USD 588.5 million by 2032.
Key Takeaways
- With 880 million internet users, India is witnessing an increased demand for data centres, with current number of data centres being 151.
- During July – September 2023, the construction sector in India grew by 13.3% as compared to the same period in 2022.
- Bangalore in Karnataka is home to 60% of the country’s machine tools production, 400+ global R&D centres and 2/5ths of India's IT exports.
Power rentals are increasing in demand for use in various businesses, and construction sites, for both short- and long-term use. Power rentals are a cost-effective alternative to purchasing equipment, and also provide access to a range of machinery and equipment suitable for operations. The presence of emission norms and rising prices of machinery and equipment to about 20% is pushing construction companies to adopt power rentals, further supporting the India power rental market growth. In Union Budget 2023, the government of India increased the capital expenditure outlay by 33% to INR 10 lakh crore for the development of infrastructure projects like metro projects, railways, airports, highways, bullet trains, housing, etc, supporting the use of power rentals.
Diesel generators are a popular choice among industries in India, due to their ability to generate large amounts of power. The diesel generators ensure the efficient and effective functioning of machinery in remote locations where there is limited access to the electricity grid.
Gujarat, Maharashtra, Tamil Nadu, Karnataka and Uttar Pradesh accounted for 53% of the total manufacturing GVA in FY21 and FY22. About 1/3rd of the country’s automobile manufacturing industry is concentrated in Tamil Nadu, and also has the presence of engineering, textiles and garments, leather products, software and IT-enabled services.
Market Segmentation
India Power Rental Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Fuel Type
- Diesel
- Gas
- Alternative Fuel
Market Breakup by Rating
- Up to 50 kW
- 51 –500 kW
- Above 500 kW
Market Breakup by Application
- Peak Shaving
- Standby Power
- Prime/Continuous Power
Market Breakup by End Use
- Utilities
- Oil and Gas
- Events
- Construction
- Mining
- Manufacturing
- Data Centres
- Others
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
Competitive Landscape
Companies are increasingly providing alternative powered generators catering to the growing concerns regarding environment pollution and changing consumer preferences.
- Caterpillar Inc.
- Cummins Inc.
- Atlas Copco AB
- Generac Holdings Inc
- Johnson Controls International Plc
- Aggreko Ltd
- Perennial Technologies
- Fuji Technical Services Pvt Ltd
- Modern Energy Rental Pvt. Ltd
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fuel Type |
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| Breakup by Rating |
|
| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Asia Pacific Power Rental Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Power Rental Historical Market (2018-2023)
8.3 Asia Pacific Power Rental Market Forecast (2024-2032)
9 India Power Rental Market Analysis
9.1 Key Industry Highlights
9.2 India Power Rental Historical Market (2018-2023)
9.3 India Power Rental Market Forecast (2024-2032)
10 India Power Rental Market by Fuel Type
10.1 Diesel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Gas
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Alternative Fuel
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 India Power Rental Market by Rating
11.1 Up to 50 kW
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 51 –500 kW
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Above 500 kW
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 India Power Rental Market by Application
12.1 Peak Shaving
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Standby Power
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Prime/Continuous Power
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 India Power Rental Market by End Use
13.1 Utilities
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Oil and Gas
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Events
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Construction
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Mining
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Manufacturing
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Data Centres
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Others
14 India Power Rental Market by Region
14.1 North India
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 East and Central India
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 West India
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 South India
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyers Powers
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Caterpillar Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cummins Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Atlas Copco AB
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Generac Holdings Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Johnson Controls International Plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Aggreko Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Perennial Technologies
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Fuji Technical Services Pvt Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Modern Energy Rental Pvt. Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Industry Trends and Developments
List of Key Figures and Tables
1. Asia Pacific Power Rental Market: Key Industry Highlights, 2018 and 2032
2. India Power Rental Market: Key Industry Highlights, 2018 and 2032
3. India Power Rental Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
4. India Power Rental Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
5. India Power Rental Historical Market: Breakup by Rating (USD Million), 2018-2023
6. India Power Rental Market Forecast: Breakup by Rating (USD Million), 2024-2032
7. India Power Rental Historical Market: Breakup by Application (USD Million), 2018-2023
8. India Power Rental Market Forecast: Breakup by Application (USD Million), 2024-2032
9. India Power Rental Historical Market: Breakup by End Use (USD Million), 2018-2023
10. India Power Rental Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. India Power Rental Historical Market: Breakup by Region (USD Million), 2018-2023
12. India Power Rental Market Forecast: Breakup by Region (USD Million), 2024-2032
13. India Power Rental Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 371.9 million in 2023.
The market is estimated to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 588.5 million by 2032.
The key markets include North India, East and Central India, West India, and South India.
The major fuel types for power rentals are diesel, gas, and alternative fuel.
The major end uses are utilities, oil and gas, events, construction, mining, manufacturing, data centres, and others.
The applications of power rental are peak shaving, standby power, and prime/continuous power.
The major players in the market are Caterpillar Inc., Cummins Inc., Atlas Copco AB, Generac Holdings Inc, Johnson Controls International Plc, Aggreko Ltd, Perennial Technologies, Fuji Technical Services Pvt Ltd, and Modern Energy Rental Pvt. Ltd, among others.
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