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  • Vietnam Diesel Generator Set Market Share, Size, Future Demand, and Emerging Trends

    The total size of the Vietnam diesel generator set market was approximately USD 109 million in the past, and it will power at a compound annual growth rate of 3.6% in the coming years, for reaching about USD 150 million by 2030, according to a report by P&S intelligence.

    In Southeast Asia, the country is quickly becoming one of the significant genset markets. The nation’s industry for diesel gensets will be powered by the construction of SEZs; government infra initiatives, including smart cities, metro trains, and state and national roads; and improved consumption of power.

    Also, electricity is important for economic progress, but Vietnam does not have a proper grid infra, because of which there is an insufficient power supply hampering residential and commercial operations.

    Thus, the requirement for generators is growing, for providing a continuous power supply throughout a blackout and ensuring continuous supply of electricity for numerous uses.

    The 5–75 kVA gensets will have the highest growth rate of 4.2%, in the coming years for generating , a revenue of USD 26.6 million in 2030, on the basis of power rating.

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    With numerous, rail stations, airports, seaports, and direct highway networks connecting Vietnam, the nation's geographic position is an asset for luring investments in the manufacturing industry.

    With the growth of the manufacturing sector, the need for electricity is growing all over the country. As a result of this, the requirement for diesel generator sets is increasing all-over Vietnam, for meeting the power requirement throughout the time of power cut or where there is no obtainability of electricity from the grid.

    It is because of the increased consumption of power in Vietnam, the demand for diesel generator set in Vietnam will also be on the rise in the future.
    Vietnam Diesel Generator Set Market Share, Size, Future Demand, and Emerging Trends The total size of the Vietnam diesel generator set market was approximately USD 109 million in the past, and it will power at a compound annual growth rate of 3.6% in the coming years, for reaching about USD 150 million by 2030, according to a report by P&S intelligence. In Southeast Asia, the country is quickly becoming one of the significant genset markets. The nation’s industry for diesel gensets will be powered by the construction of SEZs; government infra initiatives, including smart cities, metro trains, and state and national roads; and improved consumption of power. Also, electricity is important for economic progress, but Vietnam does not have a proper grid infra, because of which there is an insufficient power supply hampering residential and commercial operations. Thus, the requirement for generators is growing, for providing a continuous power supply throughout a blackout and ensuring continuous supply of electricity for numerous uses. The 5–75 kVA gensets will have the highest growth rate of 4.2%, in the coming years for generating , a revenue of USD 26.6 million in 2030, on the basis of power rating. Browse detailed report - https://www.psmarketresearch.com/market-analysis/vietnam-diesel-generator-set-market With numerous, rail stations, airports, seaports, and direct highway networks connecting Vietnam, the nation's geographic position is an asset for luring investments in the manufacturing industry. With the growth of the manufacturing sector, the need for electricity is growing all over the country. As a result of this, the requirement for diesel generator sets is increasing all-over Vietnam, for meeting the power requirement throughout the time of power cut or where there is no obtainability of electricity from the grid. It is because of the increased consumption of power in Vietnam, the demand for diesel generator set in Vietnam will also be on the rise in the future.
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    Vietnam Diesel Generator Set Market Size Forecast Report 2030
    The Vietnam diesel generator set market size stood at around $109 million. in 2021, and it will grow at a CAGR of 3.6% during 2021–2030, to reach ~$150 million by 2030.
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  • Philippines DG Set Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

    As per a report by P&S Intelligence, a renowned market research firm, the Philippines DG set market will reach USD 245.2 million, growing at a 5.4% CAGR, by 2030.

    The growth in the industry is primarily credited to the increasing construction and industrial industry, which are driving the requirement for electricity.

    The Philippines diesel generator set industry has an optimistic future, as the requirement and production are expected to rise in the years to come. Initiatives by the government to promote the telecom industry and the regular outages of power in the nation are helping the growth of the industry.

    For example, a telecommunication services provider in the Philippines named Globe Telecom enlarged its 5G network in 2021. Furthermore, it has accomplished the upgradation of the site of its 3G legacy network to 4G LTE in the major cities on the Mindanao and Visayas islands, along with increasing its coverage of 5G in these areas.

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    Based on sales volume, in the past, the 76–375 kVA category accounted for the largest revenue share in the Philippines DG set market, at over 40%. This is primarily ascribed to the high requirement for these types in telecom towers, small industries, restaurants, hotels, and commercial complexes.

    Based on application, the industrial gensets generated the largest revenue share in the industry of the Philippines diesel generator set, of over 40%, in 2021. This is ascribed to the government's engagement in numerous industrial projects.

    The key trend witnessed in the industry is the launches of products and acquisitions by the major industry player to gain a competitive edge.

    Hence, with the increasing construction and industrial sectors and outages of power in the Philippines, the Philippines DG set industry will grow significantly in the years to come.

    Philippines DG Set Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies As per a report by P&S Intelligence, a renowned market research firm, the Philippines DG set market will reach USD 245.2 million, growing at a 5.4% CAGR, by 2030. The growth in the industry is primarily credited to the increasing construction and industrial industry, which are driving the requirement for electricity. The Philippines diesel generator set industry has an optimistic future, as the requirement and production are expected to rise in the years to come. Initiatives by the government to promote the telecom industry and the regular outages of power in the nation are helping the growth of the industry. For example, a telecommunication services provider in the Philippines named Globe Telecom enlarged its 5G network in 2021. Furthermore, it has accomplished the upgradation of the site of its 3G legacy network to 4G LTE in the major cities on the Mindanao and Visayas islands, along with increasing its coverage of 5G in these areas. Browse detailed - https://www.psmarketresearch.com/market-analysis/philippines-diesel-generator-set-market Based on sales volume, in the past, the 76–375 kVA category accounted for the largest revenue share in the Philippines DG set market, at over 40%. This is primarily ascribed to the high requirement for these types in telecom towers, small industries, restaurants, hotels, and commercial complexes. Based on application, the industrial gensets generated the largest revenue share in the industry of the Philippines diesel generator set, of over 40%, in 2021. This is ascribed to the government's engagement in numerous industrial projects. The key trend witnessed in the industry is the launches of products and acquisitions by the major industry player to gain a competitive edge. Hence, with the increasing construction and industrial sectors and outages of power in the Philippines, the Philippines DG set industry will grow significantly in the years to come.
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    Philippines Diesel Generator Set Market Growth Forecast to 2030
    The Philippines diesel generator set market size stood at $152.9 million in 2021, which is expected to reach $245.2 million by 2030, at a CAGR of 5.4% during 2021–2030.
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  • Zambia Diesel Genset Market Share, Size, Future Demand, and Emerging Trends

    By 2030, the Zambia diesel genset market is predicted to touch $21,210.5 thousand and was valued $13,762.1 thousand in 2021. The market is predicted to advance at a 4.9% CAGR owing to increasing backup power sources in hotels, offices, retail stores, hospitals, and residential buildings. Moreover, there is a dire need for these gensets in the oil and gas, power, manufacturing, and construction industries. In addition, the requirement for dependable and safe electric supply, swift urbanization, and constant government policies to develop and enhance electrification in the power sector will drive the market.

    The 15 –75 kVA category holds the biggest share in the Zambia diesel genset market accounting for more than 40% of the total sales. This can be credited to the sharply increasing demand in commercial complexes, hotels, small industries, telecom towers, restaurants, and residential facilities. Furthermore, apartments, as well as commercial complexes, have higher installation rates, coupled with better suitability in small-to-medium-sized locations. These factors assist in generating higher sales in this country during the forecast period.

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    The diesel generators play a pivotal role in the hospitals and clinics. There are diesel generators in the healthcare industry to give constant and consistent energy supply, and power backup for medical equipment. With the outbreak of COVID-19, the government has been surging the count of hospitals, which will propel the demand for gensets in Zambia. Thus, the growth of healthcare infrastructure and the genset market will go hand in hand.

    The highly-competitive Zambia diesel genset market is driven by new product launches. For instance, Volvo Penta enhanced its portfolio of generation of engines by launching the latest D13 power node named TAD1346GE 500 kVA. This well-grounded and fuel-efficient compact engine is a prominent part of the company’s power provision. It is a major feature for a backup genset, exhibiting 100% power output, especially for emergency operations.

    Hence, a dire need for power backup, and extensive government support, coupled with rising backup power sources will drive the market.

    Zambia Diesel Genset Market Share, Size, Future Demand, and Emerging Trends By 2030, the Zambia diesel genset market is predicted to touch $21,210.5 thousand and was valued $13,762.1 thousand in 2021. The market is predicted to advance at a 4.9% CAGR owing to increasing backup power sources in hotels, offices, retail stores, hospitals, and residential buildings. Moreover, there is a dire need for these gensets in the oil and gas, power, manufacturing, and construction industries. In addition, the requirement for dependable and safe electric supply, swift urbanization, and constant government policies to develop and enhance electrification in the power sector will drive the market. The 15 –75 kVA category holds the biggest share in the Zambia diesel genset market accounting for more than 40% of the total sales. This can be credited to the sharply increasing demand in commercial complexes, hotels, small industries, telecom towers, restaurants, and residential facilities. Furthermore, apartments, as well as commercial complexes, have higher installation rates, coupled with better suitability in small-to-medium-sized locations. These factors assist in generating higher sales in this country during the forecast period. Get More Insights: https://www.psmarketresearch.com/market-analysis/zambia-diesel-genset-market The diesel generators play a pivotal role in the hospitals and clinics. There are diesel generators in the healthcare industry to give constant and consistent energy supply, and power backup for medical equipment. With the outbreak of COVID-19, the government has been surging the count of hospitals, which will propel the demand for gensets in Zambia. Thus, the growth of healthcare infrastructure and the genset market will go hand in hand. The highly-competitive Zambia diesel genset market is driven by new product launches. For instance, Volvo Penta enhanced its portfolio of generation of engines by launching the latest D13 power node named TAD1346GE 500 kVA. This well-grounded and fuel-efficient compact engine is a prominent part of the company’s power provision. It is a major feature for a backup genset, exhibiting 100% power output, especially for emergency operations. Hence, a dire need for power backup, and extensive government support, coupled with rising backup power sources will drive the market.
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    Zambia Diesel Genset Market Growth & Demand Forecast to 2030
    The Zambian diesel genset market size stood at $13,762.1 thousand in 2021, and it is expected to demonstrate a compound annual growth rate of 4.9% during 2021–2030.
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  • Thailand DG Set Market Share, Size, Future Demand, and Emerging Trends

    In 2021, the Thailand DG set market was valued at $158.3 million; it is expected to reach $236.9 million by 2030, advancing with a rate of 4.6% from 2021 to 2030. It is attributed to the growing demand for backup and standalone power sources in offices, hospitals, hotels and residential buildings. Thailand is a popular tourist attraction around the globe. The Thailand tourism industry contributes significantly to the GDP of the country. The hospitality sector is expected to grow, attributed to the numerous business opportunities generated by the rise in tourism activities in-country.

    The infrastructure development projects such as the construction or renovation of hotels and resorts are driving the demand for diesel generators leading to Thailand DG set market expansion. Moreover, the surge in demand for power generation systems on islands that do not have grid connectivity or managing with unreliable connections drives the market. For example, there is no central source of electricity in Phaluai island. Therefore, the natives are dependent on small-diesel-fueled generators.

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    The public and public-private partnerships led investments in the infrastructure development projects in the country to drive the Thailand DG set market. The government has invested around $116 billion in the last 10 years for infrastructure development projects. According to World Bank, the PPP investments in infrastructure in the previous 20 years amounted to $28 billion as per the database of private participation in infrastructure. The housing sector captured a significant share of the investment.

    The Thailand DG set market is expected to boom due to the rising competition among providers in the country. The new companies in the market are partnering with other companies, resulting in tough competition. The DG sets manufacturing companies focusing on implementing technological advancements in the products to advance their position in the market. For instance, Caterpillar Inc. launched 31 new CAT GC DG sets’ models for the global electric contractor market.

    Thus, the rise in infrastructure development activities and expansion of the hospitality sector due to surge in the tourism activities leads to increased demand for DG sets.
    Thailand DG Set Market Share, Size, Future Demand, and Emerging Trends In 2021, the Thailand DG set market was valued at $158.3 million; it is expected to reach $236.9 million by 2030, advancing with a rate of 4.6% from 2021 to 2030. It is attributed to the growing demand for backup and standalone power sources in offices, hospitals, hotels and residential buildings. Thailand is a popular tourist attraction around the globe. The Thailand tourism industry contributes significantly to the GDP of the country. The hospitality sector is expected to grow, attributed to the numerous business opportunities generated by the rise in tourism activities in-country. The infrastructure development projects such as the construction or renovation of hotels and resorts are driving the demand for diesel generators leading to Thailand DG set market expansion. Moreover, the surge in demand for power generation systems on islands that do not have grid connectivity or managing with unreliable connections drives the market. For example, there is no central source of electricity in Phaluai island. Therefore, the natives are dependent on small-diesel-fueled generators. Browse detailed report - https://www.psmarketresearch.com/market-analysis/thailand-dg-set-market-report The public and public-private partnerships led investments in the infrastructure development projects in the country to drive the Thailand DG set market. The government has invested around $116 billion in the last 10 years for infrastructure development projects. According to World Bank, the PPP investments in infrastructure in the previous 20 years amounted to $28 billion as per the database of private participation in infrastructure. The housing sector captured a significant share of the investment. The Thailand DG set market is expected to boom due to the rising competition among providers in the country. The new companies in the market are partnering with other companies, resulting in tough competition. The DG sets manufacturing companies focusing on implementing technological advancements in the products to advance their position in the market. For instance, Caterpillar Inc. launched 31 new CAT GC DG sets’ models for the global electric contractor market. Thus, the rise in infrastructure development activities and expansion of the hospitality sector due to surge in the tourism activities leads to increased demand for DG sets.
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    Thailand DG Set Market Size & Share Analysis Report 2030
    Thailand DG set market size stood at $158.3 million in 2021, which is projected to advance at a compound annual growth rate of 4.6% during 2021–2030.
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