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.
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.
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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