The India microturbine market size reached USD 8.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.3% during 2025-2033. The market is experiencing robust growth, fueled by an increasing industrial demand for decentralized and clean energy solutions. Furthermore, this trend is supported by significant investments and government policies promoting renewable energy and technological innovation.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 8.1 Billion |
Market Forecast in 2033 | USD 14.9 Billion |
Market Growth Rate (2025-2033) | 6.3% |
Increasing Demand from Industrial and Commercial Sectors
Industries and commercial establishments in India are increasingly adopting microturbines to address rising energy costs and grid instability. Manufacturing units, data centers, hotels, and healthcare facilities require uninterrupted power supply, making microturbines an attractive solution for reliable and cost-effective power generation. The rising focus on energy security and decentralized power systems is driving the installation of microturbines in industrial clusters. For instance, in October 2024, Hitachi Energy India announced plans to invest Rs 2,000 crore over the next four to five years to develop transmission and energy transition products. The investment aims to enhance capacity, supply chain, and digital flexibility as part of its 2030 strategy. Additionally, the expansion of smart cities and urban infrastructure projects is creating new opportunities for efficient, small-scale power solutions. Microturbines, with their compact design, high efficiency, and ability to operate in cogeneration mode, are increasingly being used to provide combined heat and power (CHP) solutions, further improving energy efficiency and operational cost savings for businesses.
Grwing Emphasis on Clean and Sustainable Energy Solutions
The shift toward clean energy solutions is driving the adoption of microturbines in India. Industries are under increasing pressure to reduce carbon emissions and improve energy efficiency, leading to greater investment in low-emission power technologies. In line with this, the Indian government’s focus on sustainability goals and emission reductions through initiatives is encouraging industries to explore decentralized, cleaner power generation. For instance, in 2023, the Government of India announced an investment of USD 68 billion in clean energy, with nearly half allocated to low-emissions power generation, including solar PV. Moreover, microturbines, known for their lower NOx emissions and ability to run on multiple fuels such as natural gas and biogas, are gaining traction in renewable energy integration. Additionally, advancements in hybrid power systems, where microturbines are combined with solar or wind energy, are further driving their adoption, enhancing efficiency and lowering environmental impact.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on application, power rating, and end-user.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes combined heat and power (CHP) and standby power.
Power Rating Insights:
A detailed breakup and analysis of the market based on the power rating have also been provided in the report. This includes 12 kW – 50 kW, 50 kW – 250 kW, and 250 kW – 500 kW.
End-User Insights:
The report has provided a detailed breakup and analysis of the market based on the end-user. This includes residential, commercial, and industrial.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Applications Covered | Combined Heat and Power (CHP), Standby Power |
Power Ratings Covered | 12 kW – 50 kW, 50 kW – 250 kW, 250 kW – 500 kW |
End Users Covered | Residential, Commercial, Industrial |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: