Market Size of India Gas Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Gas Generator Market Analysis
In India, the market for gas generators is expected to register a CAGR of more than 4.5% over the next few years. In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.
- In recent years, the demand for gas generators has grown because more people know that natural gas is a clean and reliable fuel, more people are worried about diesel maintenance and refueling problems, the price of natural gas fuel has gone down, and people want to be more responsible for the environment in general.
- But the gas generator market is likely to face problems in the coming years due to the lack of pipeline connections to the gas grid. This makes it hard to get fuel.
- Future opportunities for market participants are likely to come from the commercial and industrial sectors of emerging economies, the residential sectors of developed economies, and the growing need for power in defense operations.
