India Industrial Engines Market

India Industrial Engines Market: Competing for Power – A Competitive Analysis

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TechSci Research’s latest report on the India Industrial Engines Market, titled “India Industrial Engines Market – By Region, Competition, Forecast and Opportunities, 2019-2029,” anticipates robust growth in the market during the forecast period. The report highlights India’s substantial investments in infrastructure development, covering areas such as roads, bridges, airports, ports, and urban infrastructure. These development projects necessitate a diverse range of heavy machinery and equipment, all powered by industrial engines.

The construction equipment sector, including excavators, bulldozers, cranes, and loaders, relies heavily on robust industrial engines for efficient operations. India’s commitment to expanding its renewable energy capacity, especially in solar and wind power, presents significant opportunities for industrial engines. These engines play a vital role in providing backup power solutions for renewable energy installations, ensuring uninterrupted power supply during intermittent energy generation.

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The Diesel segment is expected to dominate the market based on fuel type, driven by extensive use in the transportation sector, including trucks, buses, and railways. However, challenges related to emissions control and regulatory compliance have led India to adopt Bharat Stage (BS) emission standards, equivalent to Euro standards. Meeting these stringent standards requires technological advancements, potentially increasing manufacturing costs. Despite diesel engine dominance, there is a growing interest in hybrid solutions and electric vehicles (EVs) for specific applications.

The Power Generation segment is projected to dominate the market based on end use, especially in industries where maintaining an uninterrupted power supply is crucial. Sectors such as manufacturing plants, process industries, and facilities operating 24/7 heavily rely on industrial engines for a consistent and reliable source of electricity. With India’s focus on renewable energy, there are emerging opportunities for industrial engines in backup power solutions.

Key market players in the India Industrial Engines Market are:-

  • Cummins India Limited
  • JCB India Ltd
  • Kirloskar Oil Engines Ltd
  • Mahindra & Mahindra Ltd
  • Caterpillar India Private Ltd
  • TATA Motors Ltd
  • Ashok Leyland Ltd
  • Perkins Engines Company Limited
  • VE Commercial Vehicles Limited
  • Greaves Cotton Limited   

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The report also emphasizes the dominance of the South India region in the industry, attributed to bustling ports, thriving shipping activities, and the crucial role industrial engines play in various applications, such as material handling equipment, tugboats, and power generation for efficient port operations.

For further insights, the report provides comprehensive market data figures and an in-depth table of contents, allowing stakeholders to navigate the complexities of the India Industrial Engines Market. Customers can also request a free sample report with a 10% customization option.

Mr. Karan Chechi, Research Director at TechSci Research, notes, “The India Industrial Engines Market in South India is poised to be the dominant force in the industry, driven by the continuous expansion of ports and shipping infrastructure in the region.”

In summary, the report, titled “India Industrial Engines Market Segmented By Fuel Type (Diesel, Petrol and Gas), By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP, and Above 751 HP), By End Use (Agriculture, Construction, Power Generation and Others), By Region, and By Competition, 2019-2029,” offers valuable insights into the future growth potential, market structure, and emerging trends within the India Industrial Engines Market.

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