The Indian power equipment industry aspires to become a $100-billion industry by 2022, and its golden days have begun with programmes like rural electrification under the Deen Dayal Upadhyay Gram Jyoti Yojna

The growth of DG sets would be driven by higher volumes in the mid- or high-horse power (HP) segment with the revival of key markets such as infrastructure, commercial and manufacturing.

With the economy growing at over 7 per cent, the need for power will continue to grow. We see the genset market growing at a compounded annual growth rate (CAGR) of over 6 per cent in the medium term (3v5 years).

The Indian diesel generator (DG) industry currently is at a very interesting point. A couple of years ago, the industry had become stagnant and not much growth was happening

Players like Sterling Generators are taking the lead and have gained foothold in the market. POWER TODAY caught up with CEO of Powergen Business, Sterling and Wilson, Sanjay Jadhav, at the company's facility in Silvassa where he talks about genset market and its importance for data centres.

6Wresearch has recently published “India Diesel Generator Rental Market (2017–2023)” report which provides in-depth analysis with 51 figures and 27 tables covered in over 130 pages

Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), received order for 147 units of its MGS Series gensets, from Indonesian state-owned electricity provider, PT PLN (Persero).

In its new report, titled ‘India 5-30 Hp Diesel Engine Market (2018–2023)’, 6Wresearch estimates that this market is expected to witness substantial growth primarily due to high utilisation in agricultural and commercial sector. Vehicles, diesel pump and mini farm equipment such as tractor and power tiller remains the key revenue generating segments in 5-30 Hp diesel engine market.

6Wresearch in its recently published report titled “Middle East Diesel Genset Market (2017–2023)”, estimates that continuous development of mega projects such as Dahiyat Al Fursan New City (Saudi Arabia), Al Maktoum International Airport expansion (UAE) and Lusail City (Qatar) are driving the demand for diesel genset in the construction industry in Middle East region.