6wresearch logo

Vietnam Diesel Genset Market (2016-2022)-6Wresearch

September 21, 2016

Developing public infrastructure, growing demand for power in urban and off-grid areas, increasing power needs for the industrial sector as well as booming healthcare and hospitality sectors are the key factors which are driving the market for diesel gensets in Vietnam.

According to 6Wresearch, Vietnam Diesel Genset Market is projected to grow at a CAGR of 5.49% during 2016-22. The market for diesel genset witnessed slow growth during 2012-13 due to slowdown in FDI and construction activities on account of increasing bad debt in Vietnam which kept investors at bay. However, during the forecast period, the market for diesel genset in Vietnam is expected to surge owing to the new investment favorable policies and growing industrial & manufacturing sectors.

According to Ravi Bhandari, Research Analyst, 6Wresearch, "Small and medium rating (up to 750KVA) diesel gensets have captured major market share both in terms of revenue and volume. Further, this trend is likely to continue throughout the forecast period. Changing Government policies along with growing public infrastructures such as railways, airports and metros have led for the growth of diesel genset market in Vietnam".

"Electronic industry is one of the fastest growing industries in Vietnam. Additionally, electronic industry is expected to grow further over the next six years as a result of huge investments done by global giants such as Samsung, Intel, LG and Panasonic."

According to Prakhar Srivastava, Research Associate, Research and Consulting, 6Wresearch, "The industrial vertical is a key contributing vertical in the overall Vietnam's diesel genset market. Also, the hospitality, retail and construction segments are likely to fuel the demand for diesel gensets owing to expected investments in these segments".

"Global players such as Cummins, Mitsubishi and Caterpillar are facing stringent competition from the domestic and Chinese manufacturers, primarily in the low KVA segment due to their low pricing", Prakhar concluded.

Some of the major companies in the Vietnam Diesel genset market include- Cummins, Caterpillar, MTU, Mitsubishi, Komatsu and Denyo.

"Vietnam Diesel Genset Market (2016-2022)" provides in-depth analysis with 53 figures and 20 tables covered in more than 130 pages. The report estimates and forecast the overall Vietnam diesel genset market by revenues, volume, KVA rating of diesel gensets and applications such as commercial, industrial and residential as well as by regions. The report also provides insights on the competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

Media Source: Open PR

      Browse More Report

India LED Lighting Market (2017-2023)

Market Forecast by Types (LED Lamps (Self-Ballasted, Down Lighters and Street Lights) and LED Luminaires (Indoor and Outdoor Luminaires)), By Wattage (Upto 5W, 6W-10W, 11W-15W, 16W-20W and Above 20W), Applications (Outdoor Lighting, Indoor Lighting ...

Read More

Saudi Arabia Diesel Genset Rental Market (2017-2022)

Market Forecast by KVA Rating (Below 100 KVA, 100.1 KVA- 350 KVA, 350.1 KVA-750 KVA, 750.1 KVA-1000 KVA and Above 1000 KVA), Applications (Power Utilities, Oil & Gas, Construction, Manufacturing, Quarrying and Mining and Others)

Read More

Latin America Asphalt Paver Market (2017-2022)

Market Forecast by Types (Wheeled and Tracked Asphalt Pavers), Technologies (Hydrostatic and Mechanical), Paving Width (<2.5m, 2.5-5m and >5m) and Countries (Mexico, Brazil, Argentina, Colombia, Chile and Others)

Read More

GCC Medium Voltage Switchgear Market (2017-2023)

Market Forecast by Insulation (AIS, GIS and Others), Applications (Oil & Gas, Industrial, Infrastructure & Transportation, Commercial and Power Utilities) and Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain)

Read More

GCC Air Conditioner Market (2017-2023)

Market Forecast by Air Conditioners Types (Window AC, Split AC, Ceiling Concealed/ Ducted Split, Packaged AC, Suspended AC, Floor Standing AC, Cassette AC and Centralized AC (Chiller, VRF, Condensing Unit and AHU/FCU)), Applications

Read More

Japan Video Surveillance Systems Market (2017-2023)

Market Forecast by Types (Analog, IP and Video Surveillance Software), Verticals (Banking & Financial Institutions, Government & Transportation, Retail, Commercial Offices, Industrial & Manufacturing, Residential, Hospitality & Healthcare and Educational Institutions)

Read More

India Power & Distribution Transformer Market (2017-2022)

Market Forecast by Types (Power Transformer and Distribution Transformer), Power Rating (Power Transformer (5.1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA and Above 350 MVA) and Distribution Transformer (Up to 100 kVA, 100.1 – 315 kVA and 315.1 – 5 MVA)

Read More

India Output Management Software Market for SME Segment (2016-2022)

Market Forecast by Segments (On-Premise Output Management Software and Cloud Output Management Software), Regions (Northern, Southern, Eastern and Western) and Competitive Landscape)

Read More


Our Key Clients
6wreserach client list