| Product Code: ETC8149978 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives continue to rely on generator imports, with significant shipments coming from China, Italy, India, Spain, and Indonesia in 2024. The market shows high concentration levels, with the Herfindahl-Hirschman Index (HHI) reaching very high levels this year. Despite a remarkable compound annual growth rate (CAGR) of 46.12% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -19.72%. This suggests a potential shift in market dynamics or external factors impacting the demand for generators in the Maldives.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Genset/Generator Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Genset/Generator Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Genset/Generator Market - Industry Life Cycle |
3.4 Maldives Genset/Generator Market - Porter's Five Forces |
3.5 Maldives Genset/Generator Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Maldives Genset/Generator Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.7 Maldives Genset/Generator Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Maldives Genset/Generator Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Maldives Genset/Generator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in tourism industry in the Maldives leading to increased demand for reliable power supply solutions. |
4.2.2 Expansion of industrial sector in the Maldives requiring backup power sources. |
4.2.3 Government initiatives promoting renewable energy sources which may drive the adoption of hybrid gensets in the market. |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with purchasing and installing gensets in the Maldives. |
4.3.2 Limited availability of skilled technicians for maintenance and repair of gensets. |
4.3.3 Environmental concerns and regulations regarding emissions from diesel gensets may restrict market growth. |
5 Maldives Genset/Generator Market Trends |
6 Maldives Genset/Generator Market, By Types |
6.1 Maldives Genset/Generator Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Genset/Generator Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Maldives Genset/Generator Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.4 Maldives Genset/Generator Market Revenues & Volume, By Gas, 2021- 2031F |
6.1.5 Maldives Genset/Generator Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Maldives Genset/Generator Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Maldives Genset/Generator Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Maldives Genset/Generator Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Maldives Genset/Generator Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Maldives Genset/Generator Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Maldives Genset/Generator Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Maldives Genset/Generator Market Revenues & Volume, By Stationary, 2021- 2031F |
6.3.3 Maldives Genset/Generator Market Revenues & Volume, By Portable, 2021- 2031F |
6.4 Maldives Genset/Generator Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 Maldives Genset/Generator Market Revenues & Volume, By 0-100 kVA, 2021- 2031F |
6.4.3 Maldives Genset/Generator Market Revenues & Volume, By 100-350 kVA, 2021- 2031F |
6.4.4 Maldives Genset/Generator Market Revenues & Volume, By 350-1000 kVA, 2021- 2031F |
6.4.5 Maldives Genset/Generator Market Revenues & Volume, By Above 1000 kVA, 2021- 2031F |
7 Maldives Genset/Generator Market Import-Export Trade Statistics |
7.1 Maldives Genset/Generator Market Export to Major Countries |
7.2 Maldives Genset/Generator Market Imports from Major Countries |
8 Maldives Genset/Generator Market Key Performance Indicators |
8.1 Average fuel efficiency of gensets in the Maldives market. |
8.2 Number of new hotel/resort openings in the Maldives (indicating potential demand for gensets). |
8.3 Percentage of gensets in the market that are hybrid or use renewable energy sources. |
8.4 Frequency of power outages in the Maldives impacting the need for gensets. |
8.5 Average downtime for gensets in the Maldives market. |
9 Maldives Genset/Generator Market - Opportunity Assessment |
9.1 Maldives Genset/Generator Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Maldives Genset/Generator Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.3 Maldives Genset/Generator Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Maldives Genset/Generator Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Maldives Genset/Generator Market - Competitive Landscape |
10.1 Maldives Genset/Generator Market Revenue Share, By Companies, 2024 |
10.2 Maldives Genset/Generator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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