Bangladesh Diesel Genset (Generator) Market (2021-2027) | Growth, Analysis, Value, Segmentation, Size, Trends, Industry, Share, Revenue, Outlook & COVID-19 IMPACT

Topics Covered in the Bangladesh Diesel Genset (Generator) Market

Bangladesh Diesel Genset Market report comprehensively covers the market by kVA ratings and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Diesel Genset (Generator) Market is projected to grow over the coming year. Bangladesh Diesel Genset (Generator) Market report is a part of our periodical regional publication Asia Pacific Diesel Genset (Generator) Market Outlook report. 6W tracks the diesel Genset market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Diesel Genset (Generator) Market outlook report annually.

Latest Development (2023) of the Bangladesh Diesel Genset (Generator) Market

Bangladesh Diesel Genset (Generator) Market is witnessing significant growth over the years and frequent blackouts and the need for power supply have led to an increase in demand for diesel generators. The shift towards ecologically friendly gensets is one of the latest development in the market. The producers of diesel gensets are focusing on manufacturing generators that require less fuel, create less pollution, and have a longer lifespan. This trend reduces the impact on the environment and saves the cost of the business. Another development is the competition among the producers to improvise the quality of the various features of the diesel gensets. The increase in demand for generators from various sectors such as healthcare, commercial buildings, and residential buildings has significantly led to the growth of the Bangladesh Diesel Genset Industry.

Bangladesh Diesel Genset (Generator) Market Synopsis

Bangladesh Diesel Generator Market is expected to gain momentum during the upcoming period. Rapid urbanization along with increasing demand for power supply beholds the growth of the market.

According to 6Wresearch, Bangladesh Diesel Genset Market size is projected to grow at a CAGR of 9.9% during 2021-2027. Bangladesh occupies the 14th position in terms of market size in the APAC Diesel Genset market. This growth is primarily driven by rising demand for a continuous and reliable source of power, increasing power outages, thereby leading to the rising need for power backup solutions. Additionally, the rising demand for electricity in Bangladesh in line with the infrastructural growth in the country would positively influence the diesel Genset market growth. Projected growth in the construction market, upcoming new hotels, and shopping malls on the back of increased inflow of FDI in the retail sector, coupled with increasing government spending on infrastructural development projects would drive the diesel Genset market in the country over the forthcoming period.  Moreover, a growing number of Data centers that make sure to have multiple power backup options in order to avoid the stoppage of work during power failure drives the development of the Diesel Genset (Generator)Market in Bangladesh.

Market by KVA

According to Ravi Bhandari, Research Head, 6Wresearch, on the basis of KVA, the Bangladesh Genset market is dominated by up to 100 kVA gensets primarily due to the usage of such gensets in homes, small societies, shops, and local offices as power outages remain frequent. Additionally, on account of government initiatives to boost the commercial, hospitality, and industrial verticals, high-capacity diesel gen-sets are anticipated to grow over the coming period.

Market by Application

On the basis of Application, the market is segmented into Residential, Commercial, Industrial, and Transportation & Public Infrastructure.  The residential segment will dominate the market due to the growing demand for diesel gensets as power backup sources.

COVID-19 Impact on Bangladesh Diesel Genset (Generator) Market

The various sectors of the economy were affected by the pandemic, including the Diesel Genset (Generator) Market In Bangladesh. The businesses were forced to shut down due to lockdown and social distancing norms. The demand for electricity decreased and this led to a reduction in the sales of diesel generators. The global lockdowns led to disruption in the supply chains and it became challenging for the producers to acquire the raw materials for the production of the diesel generators. The power outage is a common problem in Bangladesh and it is expected that the demand for power backup will increase. The market suffered from a long-term damage due to the sudden outbreak of the pandemic.

Bangladesh Diesel Genset (Generator) Market: Key Players

These are the notable players in the market which offers a wide range of diesel generators and have a strong presence in the market.

• Caterpillar Inc.
• Cummins Inc.
• Mitsubishi Heavy Industries, Ltd.
• Kohler Co.
• Wärtsilä Corporation
• Atlas Copco AB
• Yanmar Holdings Co., Ltd.
• Himoinsa S.L.
• Generac Power Systems, Inc.
• AKSA Power Generation

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• Bangladesh Diesel Genset Market Outlook
• Market Size of Bangladesh Diesel Genset Market, 2020
• Forecast of Bangladesh Diesel Genset Market, 2027
• Historical Data and Forecast of Bangladesh Diesel Genset Revenues & Volume for the Period 2017-2027
• Bangladesh Diesel Genset Market Trend Evolution
• Bangladesh Diesel Genset Market Drivers and Challenges
• Bangladesh Diesel Genset Price Trends
• Bangladesh Diesel Genset Porter's Five Forces
• Bangladesh Diesel Genset Industry Life Cycle
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By KVA for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By 5 - 75 KVA for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By 75.1 - 375 KVA for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By 375.1 - 750 KVA for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By 750.1 - 1000 KVA for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By Above 1000 KVA for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By Application for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By Residential for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By Commercial for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By Industrial for the Period 2017-2027
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume By Transportation & Public Infrastructure for the Period 2017-2027
• Bangladesh Diesel Genset Import Export Trade Statistics
• Market Opportunity Assessment By KVA
• Market Opportunity Assessment By Application
• Bangladesh Diesel Genset Top Companies Market Share
• Bangladesh Diesel Genset Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Diesel Genset Company Profiles
• Bangladesh Diesel Genset Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following Market segments:

By KVA Rating:

• Up to 75 kVA
• 75.1 - 375 kVA
• 375.1 - 750 kVA
• 750 - 1000 kVA
• More than 1000 kVA

By Application:

• Residential
• Commercial
• Industrial
• Transportation & Infrastructure Application