Cambodia Diesel Genset Market (2024-2030) | Share, Value, Growth, Analysis, Revenue, Trends, Outlook, Industry, Size, Companies & Forecast

Topics Covered in the Cambodia Diesel Genset Market

Cambodia Diesel Genset Market report thoroughly covers the market by KVA rating and application. The market outlook 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.

Cambodia Diesel Genset Market Synopsis

Cambodia Diesel Genset Market is projected to grow in the forecast period as Cambodia is one of the fastest-growing economies in Southeast Asia. With its booming construction sector, rising tourism industry, and increasing urbanization, the country is experiencing a surge in demand for reliable and efficient power supply. In this scenario, diesel gensets have emerged as a cost-effective and practical solution to meet the country's energy needs. Diesel gensets have become a significant part of Cambodia's power generation mix. In a country where approximately 22% of its population still lacks access to electricity, diesel gensets play a critical role in ensuring access to power. The Cambodia diesel genset market has evolved significantly in recent years, driven by increased demand from industries, residential, commercial, and public segments.

According to 6Wresearch, the Cambodia Diesel Genset Market size is projected to grow at the CAGR of 5.88 % during the forecast period of 2024-2030. One of the primary drivers of the Cambodia diesel genset market is the country's insufficient power infrastructure. Cambodia currently has an installed capacity of around 2,200 MW, which is not enough to meet the growing demand for electricity. Diesel gensets are being widely adopted as a back-up power solution in industries, commercial establishments, and residential buildings. In addition, the country's fast-growing construction sector is a key driver of diesel genset demand. Construction projects require reliable power supply for lighting, electric tools, and machinery, which is not always available from the grid. Despite the growing demand for diesel gensets, the market faces several challenges. The Cambodia Diesel Genset Industry is driven by various factors. One of the main drivers is the country's rapid industrialization and urbanization rates, which have increased commercial and residential demand for consistent power. Additionally, Cambodia's energy mix is predominantly dependent on hydropower, and diesel gensets serve as a backup power source. The rapid growth of the construction industry, the demand for data centers, and the increasing adoption of renewable energy sources such as solar and wind power also act as key drivers. One of the major challenges is the high cost of diesel fuel in the country. The diesel prices in Cambodia are relatively high, which makes diesel gensets more expensive to operate than other types of generators. Also, the lack of awareness about the benefits and usage of diesel gensets is hindering market growth and this has led to reduction in Cambodia Diesel Genset Market Share.  The majority of people in Cambodia are not fully aware of the importance of power backups and rely solely on the grid power supply. In addition, the lack of skilled technicians to operate and maintain diesel gensets is another challenge to the market.

Government policies and schemes introduced in the Cambodia Diesel Genset Market

The Cambodian government is taking several measures to support the Diesel Genset Market in Cambodia. In 2015, the government introduced the Energy Efficiency and Conservation Strategy, aimed at reducing the country's dependence on imported fuels and promoting the adoption of clean energy solutions. The government has also provided tax incentives to companies investing in renewable energy and energy efficiency projects. Furthermore, the government has undertaken several initiatives to enhance the country's power infrastructure, such as the construction of new power plants, upgrading transmission and distribution systems, and extending the grid coverage to rural areas.

Leading players in the Cambodia Diesel Genset Market

The Cambodia diesel genset market is relatively fragmented, with several global and domestic players competing for market share. Caterpillar Inc., Cummins Inc., Kohler Co., and MTU Onsite Energy are some of the major players operating in the market. Domestic companies such as TEC Gen, Emtek, and Lorsora are responsible for Cambodia Diesel Genset Market Growth. These players are focused on developing innovative and cost-efficient gensets to cater to the market's needs.

Market analysis by KVA Ratings

The segment that is expected to grow rapidly is the 75.1 kVA – 375 kVA segment. This is primarily due to an increase in the construction industry, which requires reliable power supply for smooth operations and progress. The segment is also expected to grow due to a growth in commercial and industrial activities, which require more power to cater to their energy needs.

Market analysis By Applications

According to Dhaval, Research Manager, 6Wresearch, the diesel genset market in Cambodia can also be segmented by applications, with four main categories: residential, commercial, industrial, and transportation & public infrastructure. The commercial section is expected to lead the market. This can be accredited to the extensive use of diesel gensets in businesses, such as retail stores, restaurants, and hotels, among others. The transportation & public infrastructure segment is also expected to grow in the coming years, driven by an increase in demand for public transportation facilities and other infrastructure facilities, such as hospitals and government structures.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Cambodia Diesel Genset Market Outlook
• Market Size of Cambodia Diesel Genset Market, 2023
• Forecast of Cambodia Diesel Genset Market, 2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues & Volume for the Period 2020 - 2030
• Cambodia Diesel Genset Market Trend Evolution
• Cambodia Diesel Genset Market Drivers and Challenges
• Cambodia Diesel Genset Market Price Trends
• Cambodia Diesel Genset Market Porter's Five Forces
• Cambodia Diesel Genset Market Industry Life Cycle
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by KVA ratings for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and Volume by 5 - 75 KVA for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by 75.1 - 375 KVA for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by 375.1 - 750 KVA for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by 750.1 - 1000 KVA for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by Above 1000 KVA for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by Application for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by Residential for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by Commercial for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by Industrial for the Period 2020-2030
• Historical Data and Forecast of Cambodia Diesel Genset Market Revenues and volume by Transportation and public Infrastructure for the Period 2020-2030
• Cambodia Diesel Genset Market Import Export Trade Statistics
• Market Opportunity Assessment by KVA ratings
• Market Opportunity Assessment by Application
• Cambodia Diesel Genset Market Top Companies Market Share
• Cambodia Diesel Genset Market Competitive Benchmarking by Technical and Operational Parameters
• Cambodia Diesel Genset Market Company Profiles
• Cambodia Diesel Genset Market Key Strategic Recommendation

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By kVA Rating

• 5 kVA - 75 kVA
• 75.1 kVA – 375 kVA
• 375.1 kVA - 750 kVA
• 750.1 KVA-1000 KVA
•  Above 1000 KVA

By Applications

• Residential
• Commercial
• Industrial
• Transportation & public Infrastructure

Frequently Asked Questions About the Market Study: FAQs