India Gas Generator Market Size

Statistics for the 2023 & 2024 India Gas Generator market size, created by Mordor Intelligence™ Industry Reports. India Gas Generator size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of India Gas Generator Industry

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India Gas Generator Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 4.50 %

Major Players

India Gas Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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.

India Gas Generator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)