India: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in India

The Indian market for diesel or semi-diesel electric generating sets of output under X kVA declined to $X in 2021, reducing by -8.7% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2020, and then contracted in the following year.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Under X kVA in India

In value terms, production of diesel or semi-diesel electric generating sets of output under X kVA stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 18% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from India

In 2021, overseas shipments of diesel or semi-diesel electric generating sets of output under X kVA were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a modest expansion. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA soared to $X in 2021. Over the period under review, exports continue to indicate a slight increase. The pace of growth appeared the most rapid in 2016 with an increase of 85% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Nigeria (X units), Nepal (X units) and Russia (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output under X kVA from India, with a combined 37% share of total exports. Kenya, Qatar, Saudi Arabia, the UK, Mexico, Belgium, Australia, Sri Lanka, Myanmar and the Philippines lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +83.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from India, comprising 18% of total exports. The second position in the ranking was taken by Nepal ($X), with a 5.8% share of total exports. It was followed by the UK, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria totaled +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+1.1% per year) and the UK (+14.0% per year).

Export Prices by Country

The average export price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, reducing by -10.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into India

In 2021, imports of diesel or semi-diesel electric generating sets of output under X kVA into India shrank to X units, falling by -4.2% compared with the previous year. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 1,250%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA dropped rapidly to $X in 2021. In general, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,363% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest diesel or semi-diesel electric generating set of output under X kVA supplier to India, with a 67% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output under X kVA from China exceeded the figures recorded by the second-largest supplier, France (X units), sevenfold. The third position in this ranking was held by the United Arab Emirates (X units), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+45.7% per year) and the United Arab Emirates (+34.7% per year).

In value terms, France ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output under X kVA to India, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.9% per year) and the United Arab Emirates (+19.1% per year).

Import Prices by Country

In 2021, the average import price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, shrinking by -26.7% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 233%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+49.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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