𝐈𝐧𝐝𝐢𝐚 𝐏𝐫𝐢𝐦𝐞 𝐏𝐨𝐰𝐞𝐫 𝐃𝐢𝐞𝐬𝐞𝐥 𝐆𝐞𝐧𝐬𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 Market Overview The Indian prime power diesel generator market is expected to grow from an estimated USD 221.2 million in 2024 to USD 356.3 million by 2030, reflecting a CAGR of 8.3%. This growth is largely driven by increasing demand for medium- and high-power diesel gensets in the commercial sector, along with significant expansion in the construction and manufacturing industries. These sectors are benefiting from macroeconomic developments, higher capital expenditures by both public and private entities, and government incentives aimed at boosting foreign and domestic investments. The telecommunication industry is also a significant factor for the prime power diesel generator market, addressing the challenge of unreliable grid electricity. As telecom tower operators in India rely heavily on diesel generators to ensure continuous operations, the sector is under pressure to maintain functionality amid inconsistent power supply. According to the Telecom Regulatory Authority of India (TRAI), the number of telephone subscribers increased from 1,179.49 million in January 2021 to 1,197 million by February 2024. Despite the pandemic, diesel remained the most consumed fuel, with consumption projected to rise from 72.72 million metric tons in FY 2020-2021 to 92 million metric tons in 2024-2025. To mitigate diesel consumption, India is increasing the production of twin-power generators, like the QAC 1350 by Atlas Copco, which use two smaller engines to reduce fuel use and emissions. Additionally, rising infrastructure investments, supported by a government allocation of INR 10 lakh crore for development in the 2023 budget, are expected to drive the adoption of prime power diesel gensets across commercial, industrial, and residential sectors. Get more insights: https://www.psmarketresearch.com/market-analysis/india-prime-power-dg-set-market Key Insights • The commercial category is expected to hold the largest market share at 55% in 2024, with a projected CAGR of 8.6% during the forecast period. • This growth is driven by the demand for continuous power supply in commercial buildings like hotels, railway stations, and shops. • Power outages in the commercial sector can lead to significant financial losses, making prime power diesel generators essential as backup sources. • The 5–75 kVA category dominates the market with a 35% share in 2024 and is expected to grow the fastest at a CAGR of 8.7%. • The increasing adoption of 5–75 kVA diesel gensets in the commercial sector is fueling this growth. • These gensets are particularly important in the telecom sector, where rising installations of telecom towers are driving sales. • Many companies produce these diesel gensets for both domestic and export markets, offering diverse product portfolios. • Uttar Pradesh holds a 30% market share and is expected to grow at a CAGR of 8.7% due to telecom investments and commercial infrastructure development. • Rising prime power requirements in residential facilities in Uttar Pradesh are also contributing to market growth. • Recovery in the Indian residential and commercial real estate sectors is creating lucrative opportunities for market players. • Telecom operators like Bharti Airtel and Reliance Jio are planning to enhance their infrastructure and install more towers in the state. • The market is consolidated, with major shares held by a few large players who benefit from economies of scale. • Manufacturing such systems requires significant investment in factory setups, equipment, and R&D. • Compliance with stringent regulatory standards for carbon and noise emissions favors established players with technical expertise. • In September 2023, Kirloskar Oil Engines launched gensets meeting CPCB IV+ emission standards, and in July 2023, they introduced retrofit emission control devices for 125–1,000 kVA generators.

Testing and Measurement Equipment Market is Powered by the Growing Electronics Industry The size of the testing and measurement equipment market was about USD 34.8 billion in 2023, and it will power at a rate of 4.8% by the end of this decade, to touch USD 47.9 billion by 2030. The rising EV acceptance worldwide is consistently supporting testing tool requirement as each automobile needs widespread testing before launch. The main EV components that require to be determined in performance comprise the motor, battery, and on-board charger. Moreover, the related systems, such as charging stations, back-office systems, and telematics modules, need testing. Report Description: https://www.psmarketresearch.com/market-analysis/testing-measurement-equipment-market Amid GTPE and MTE, the GPTE bifurcation has the larger share, of about 60%, in 2023. This has a lot to do with the growing acceptance of the 5G network. Furthermore, these devices measure the wattage, voltage, frequency, and other working parameters of numerous electronic devices. Regarding this, the mounting investment in the telecom sector is supporting the growth of the industry. For example, India has seen enormous investments from major telecom corporations for 4G service provision. At present, the nation has the second largest telecom network with approximately 1.2 billion subscribers, the second-highest count of internet users, and the fastest-rising mobile app industry in the world. This is mostly because of the snowballing low prices, convenience, and promising coverage. Hence, the need of telecom businesses for testing solutions for their carrier networks continues to increase. In the testing and measurement equipment market, healthcare vertical will grow the fastest at a rate of 5.6%, in the years to come. This is attributed to the robust emphasis on the expansion of novel medical devices, as they can encounter performance waning or failures, which could bring about serious consequences. To evade such an issue, the use of testing tools will increase in the future. Additionally, the healthcare sector has observed significant tech interventions recently, such as the advent of wearable devices, for example smartwatches. Such devices allow the collection of health data, letting for instantaneous health monitoring and the proactive treatment of health situations before the developing of the symptoms. In the current scenario, wireless communication is the favored method for internet connectivity. 5G, WLAN, Bluetooth, LTE, IoT, and other technologies are used for wireless communications. Wi-Fi, Bluetooth and cellular IoT lead the IoT market. The growing electronics sector has a lot to do with the growing requirement for testing and measurement equipment market in the world.

Crocetin Esters Market is Led by the Functional Food and Beverage Category The total size of the crocetin esters market was USD 411.3 thousand in 2023, which will power at a rate of 6.5% by the end of this decade, touching USD 634.3 thousand by 2030. Get More Insights: https://www.psmarketresearch.com/market-analysis/crocetin-esters-market-report This is because of the growing interest in plant-based and natural items as an alternative for synthetic ingredients in dietary supplements and functional foods. The mounting trends of health and wellness, use of these chemicals in medicine and nutrition, growing awareness of consumers, and the regulatory environment are the further factors which power the industry. The functional food and beverage category led the market, with a share of 60%, in 2023. Crocetin esters are increasingly used in confectionery, dairy, convenience foods, and beverages because of their important role in preserving the stability of these products. They, similarly, help in the growth of the assortment aroma, and taste of food and beverages. Functional foods fulfill the daily nutritional needs of the people, which is the reason, why the consumers are progressively looking for them for their general health. Crocetin esters are resultant from saffron, which is the dried stigmas of Crocus sativus, have cell antioxidant and anti-inflammatory properties. Pharmaceuticals will grow rapidly, at a rate of 8%, from 2024 to 2030. Due to the robust anti-inflammatory, antioxidant, and neuroprotective characteristics of crocetin esters, the pharma business has been increasingly using them as active pharmaceutical ingredients or added ingredients in the formulations of drugs. A growing count of studies and clinical trials are conducted on these bioactive substances for the examination of their possible therapeutic applications for tumors, cardiovascular ailments, and neurological complications. The pharma business is also persuaded toward crocetin esters as a result of their utility in developing drug delivery systems. Europe crocetin esters market was leading the way, as far as the regional market is concerned, with 45% share, in 2023. One of the main reasons behind the ascendency of the reg8ion is the longstanding understanding of saffron and its use in the region. Saffron, of which crocetin esters are a resultant of, has been cultivated in diverse areas of Europe for a considerably long time, particularly in pain, Greece and Italy. Consequently, Europe is a hub for the production and use of crocetin esters because it has a flourishing saffron industry and a long history of its use in culinary and medicinal applications. APAC is growing the fastest, with a rate of 10%, by the end of this decade. This is because of the region’s rising demand for functional foods and beverages and the increasing attention to the medical advantages related to antioxidants. Natural and functional food ingredients are highly demanded as consumers in countries of this region become more conscious about their health. It is because of the rising interest in natural and plant-based items, the demand for crocetin esters is on the rise. Source: P&S Intelligence