인도의 천연가스 발전기 시장 평가 : 유형별, 전력별, 최종사용자별, 지역별, 기회, 예측(2018-2032년)

India natural gas generator market is expected to observe a CAGR of 6.31% during the forecast period FY2025- FY2032, rising from USD 362.84 million in FY2024 to USD 592.13 million in FY2032. Multiple factors contribute to the growth of the natural gas generator market, such as the abundance and availability of natural gas as a fuel for generators and stringent rules on carbon emissions from diesel generator engines. Commercial facilities are creating a demand for a steady supply of electricity to support business expansion, thus propelling the demand for reliable and clean energy generated by using natural gas generators. Furthermore, the expansion of commercial and industrial facilities, including district heating and cooling plants, manufacturing facilities, refineries, office buildings, and others, will drive demand for natural gas generators in the market.

Due to the lower cost of natural gas compared to other fuels, such as diesel and petrol, gas generators are more economical, which boosts trends in the natural gas generator market. Natural gas generators offer a greener and more sustainable solution because they emit fewer hazardous pollutants. They are a perfect solution for primary and backup power sources, as generators provide great reliability and the ability to produce continuous power for long hours. Moreover, due to their lower operating temperatures and fewer moving parts, gas generators require less maintenance over their lifetime, which drives demand for the natural gas generator market.

For instance, in August 2022, Kirloskar Oil Engines Limited (KOEL) has launched new gas power generation solutions designed to provide efficient and sustainable energy. These generators can operate using piped natural gas (PNG). The CPCB II compliant gas generators, manufactured at KOEL's carbon-neutral facility in Kagal, Kolhapur, not only meet but exceed the CPCB-II emission standards. They feature low particulate matter, contributing to environmental sustainability. Additionally, KOEL has introduced a dual fit kit that can be retrofitted onto existing and future diesel generators to enable operation on a combination of gas and diesel. These solutions cater to diverse industrial needs, ensuring reliable power with lower emissions. KOEL's initiative aligns with global trends toward cleaner energy and reduced carbon footprints, reinforcing the company's commitment to innovation and environmental responsibility.

Growing Concern for Environment Sustainability is Influencing Market Growth

The growing concern for environmental sustainability is becoming a key driver behind the rise in demand for natural gas generators. Globally, the governments are implementing stricter regulations on emissions, particularly for industries and manufacturing sectors which rely on backup or continuous power generation. Natural gas generators emit lower emissions of CO2, NOx, and SOx, which assist businesses to comply with the government regulations. Furthermore, several companies are adopting sustainability initiatives to prioritize the reduction of carbon footprints. Companies are investing in natural gas generators technology to achieve sustainability goals by using cleaner, more efficient sources of power for backup.

The expansion of the industrial and manufacturing sectors leads to energy policies that encourage clean energy movement and reduce carbon emissions. According to the Intergovernmental Panel on Climate Change, global warming is expected to exceed 1.5°C between 2030 and 2052. Government and businesses are collaborating to introduce cutting-edge, renewable energy solutions to mitigate the effects of global warming. The use of natural gas generators can decrease nitrogen oxide and carbon dioxide emissions by approximately 35%-40% compared to other generators.

The natural gas generator has several environmental benefits over other generators which use fossil fuel for power generation. Apart from this, natural gas generators produce less noise, and no foul smell, which boosts the adoption of natural gas generators in the market. Another benefit which is associated with natural gas generators, the equipment relies on a robust underground pipeline network containing natural gas which is not affected by any weather conditions.

For instance, in February 2023, Cummins Inc. launched two new natural gas generators on a global level, named C175N6B and C200N6B. These generators utilize the same QSJ8.9G engine platform as the popular C125N6 and C150N6 natural gas generators, which are widely used in various industrial applications. The development helped the company to increase its product portfolio and increase market penetration across the globe with a focus on green and clean energy.

Increasing Infrastructure of Natural Gas Pipeline in India

The development of natural gas pipeline infrastructure plays a significant role in driving demand for natural gas generators. As the network of natural gas pipelines expands, it will create easy access to a reliable and cost-effective supply of natural gas, encouraging the adoption of natural gas generators across various sectors. A well-developed pipeline network ensures a steady and reliable flow of natural gas, which is crucial for the continuous operation of natural gas generators. The well-developed pipeline infrastructure offers a more cost-effective way to transport natural gas over long distances, reducing overall operating costs. As natural gas is provided at a subsidized rate, the price fluctuation is low compared to other fossil fuels, thus operating cost of natural gas generators also drops, making them a more economical viable option compared to diesel or other fuel-powered generators.

The development of piped natural gas in the country is expanding as Petroleum and Natural Gas Regulatory Board (PNGRB) allocate new Geographical Areas (GA's) for the development of natural gas network in the country. To guarantee sufficient supply and fair distribution of natural gas throughout the nation, an integrated national gas grid has been envisioned. As of September 2024, 33,475 km of natural gas pipeline length has been authorized, while 24,945 km is operational, and more than 10,000 km is under construction. These pipelines are currently in various stages of development. This will ensure that natural gas becomes easily accessible in every area, potentially contributing to consistent social and economic progress.

Use of Natural Gas Generators as a Dependable Power Source is Increasing in the Industrial Sector

Natural gas generators are becoming a preferred choice over other generators because they are consistent, reliable, and cost-effective in power production for various applications. Industrial operations in sectors such as manufacturing, mining, and oil & gas require a constant and reliable power supply to run machinery and equipment. As a result, industries are adopting natural gas generators as a primary power source, which drives demand for these generators in the market.

Natural gas generator sets are widely used in India by both the commercial and industrial sectors. The advantages of natural gas generators, including their dependability, affordability, environmental benefits, accessibility to natural gas, and government support for renewable energy sources, contribute to their widespread adoption in India's industrial sector. Natural gas generators emit fewer pollutants and provide a stable backup power supply during outages, which drives demand for them in the industrial sector.

For instance, in March 2024, Samsung India has announced the successful installation of eight natural gas generators, marking a strategic shift from diesel-based backup power solutions. The transition aligns with Samsung's commitment to environmental responsibility. This development highlights that companies are adopting natural gas generators to reduce lower carbon emissions in the environment.

Standby Natural Gas Generator Dominating the Market

Growing urbanization and infrastructure development initiatives will drive considerable demand for standby natural gas generators in the upcoming years. Several factors such as advancement, investments, economic development, and awareness about environmental sustainability are involved, driving the demand for standby natural gas generators in the country. India's rapid industrialization is expected to increase demand for standby natural gas generator equipment across various applications. Standby natural gas generators are flexible in handling heavy loads, which makes them particularly sought after in large manufacturing plants, commercial applications, and power plants. Additionally, standby natural gas generators are often installed in remote areas without grid connections for the purpose of generating and distributing power.

West and Central Region Dominate the India Market

The expansion of the natural gas pipeline network across the west and central region enabling the growing demand for natural gas generators. As regions gain access to natural gas through infrastructure development, industries and commercial establishments will adopt natural gas generators as a reliable backup power source. Further, due to accessibility of natural gas in Gujarat and Maharashtra are pushing the demand for natural gas generators in the States.

The West and Central regions are experiencing rapid urbanization and industrialization, which drives the demand for reliable power solutions. As industries expand in urban and semi-urban areas of these regions, they drive the demand for generators that provide both backup and peak load power. In urban areas, the well-developed natural gas infrastructure leads to the adoption of natural gas generators in industries, hospitals, residential complexes, and commercial spaces.

As of October 2024, the number of CNG stations account for 1016 and 936 in Gujarat and Maharashtra reflect a cumulative count of 1,952 out of 7,259 reflecting a high penetration of CNG stations in the region accounted for 26.89%. Further, the developed natural gas infrastructure in central and western region reflects high adoption of natural gas in the region thus promoting the demand for natural gas generators in the region.

Future Market Scenario (FY2025 - FY2032F)

Market expansion is also facilitated by government spending and initiatives which drive the demand for natural gas generators in India.

Indian government's focus on reducing air pollution and promoting cleaner fuel drives the demand for natural gas generators in the country.

Government is looking to invest in the National Gas Grid which will improve access to natural gas across different region, which will facilitate greater adoption of natural gas generators.

The availability of natural gas in across the country, facilitated by expanding gas infrastructure, will make natural gas generators an attractive option for industries such as manufacturing, healthcare, hospitality, and data centers.

Ongoing advancements in generator technology, particularly in terms of efficiency, automation, and remote monitoring, are making natural gas generators more attractive and creating opportunities for the market.

Key Players Landscape and Outlook

A few leading players in the Indian natural gas generator market include Cummins India Limited, Kirloskar Oil Engines Limited, Mahindra & Mahindra Limited, and several others. These companies compete in the Indian market to expand their market reach and maintain healthy competition. Major firms operating in this market have adopted key strategies such as product development, business expansion, agreements, partnerships, and acquisitions.

For instance, in June 2022, Mahindra & Mahindra Ltd decided to launch the India's First Gas-powered Genset in compliance with CPCB2 norms which has a low operating cost, zero fuel handling, low noise level, environment friendly and zero pilferage. This development highlights that companies are launching new products to remain competitive in the market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Power Rating
  • 4.3.2. Price

5. Indian Natural Gas Generator Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Standby
    • 5.2.1.2. Prime
  • 5.2.2. By Power
    • 5.2.2.1. Less than 75 kVA
    • 5.2.2.2. 75-375 kVA
    • 5.2.2.3. Above 375 kVA
  • 5.2.3. By End-user
    • 5.2.3.1. Residential
    • 5.2.3.2. Commercial
    • 5.2.3.3. Industrial
  • 5.2.4. By Region
    • 5.2.4.1. North
    • 5.2.4.2. South
    • 5.2.4.3. East
    • 5.2.4.4. West and Central
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY 2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Type
  • 5.3.2. By Power
  • 5.3.3. By End-user
  • 5.3.4. By Region

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Policy and Regulatory Landscape

9. Market Dynamics

• 9.1. Market Drivers
• 9.2. Market Challenges

10. Market Trends and Developments

11. Competitive Landscape

• 11.1. Competition Matrix of Top 5 Market Leaders
• 11.2. SWOT Analysis for Top 5 Players
• 11.3. Key Players Landscape for Top 10 Market Players
  • 11.3.1. Cummins India Limited
    • 11.3.1.1. Company Details
    • 11.3.1.2. Key Management Personnel
    • 11.3.1.3. Products and Services
    • 11.3.1.4. Financials (As Reported)
    • 11.3.1.5. Key Market Focus and Geographical Presence
    • 11.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 11.3.2. Cooper Corporation Private Limited
  • 11.3.3. Mitsubishi Power India Private Limited
  • 11.3.4. Green Power International Private Limited
  • 11.3.5. Mahindra & Mahindra Limited
  • 11.3.6. Chroma-Ator Power Product Private Limited
  • 11.3.7. Ashok Leyland Limited
  • 11.3.8. Power Engineering (India) Private Limited
  • 11.3.9. Kirloskar Oil Engines Limited
  • 11.3.10. Enerzea Power Solution Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

12. Strategic Recommendations

13. About Us and Disclaimer