Product Code: ETC022849 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines electric generator sets market is expected to witness an exponential growth during the forecast period, 2025-2031. The market is anticipated to grow due to growing demand for reliable and uninterrupted power supply in remote areas of Philippines. The country has a large population living in rural areas who are not connected with the national electricity grid system; thus, rising need of emergency power source has been witnessed in these regions, which is further estimated to fuel up the demand for electric generator sets over the forecast period
Increasing number households coupled with rapid urbanization and industrialization have led manufacturers focus more on developing solutions that can meet ever growing needs without compromising performance or efficiency levels. Thus, emerging trends include usage advanced technologies such as inverter based gensets that offer superior performance compared traditional diesel engines while running at lower noise level. Furthermore planned shift from diesel powered systems towards alternative fuels like biogas & CNG gensets will open new revenue opportunities across residential sector
The major drivers responsible for the growth of Philippines electric generator sets market are increasing government initiatives towards providing continuous electricity supply in rural areas and introduction of smart grid technologies across industrial sectors. Moreover, increasing investments by key players on R&D activities such as development of advanced energy efficient generators and emergence of new innovative products such as portable generators are some other factors that are likely to propel the demand for these products over next few years. In addition, rising awareness among people regarding environmental protection along with supportive policies from government regarding adoption renewable sources have been boosting up the sales volume since last couple years
High maintenance cost associated with upkeep & repair services along with lack availability skilled labor required installation & operation procedure have been identified few hindrances hampering industry`s growth rate across South East Asia region . Moreover high initial cost incurred while purchasing product has left many end users unable buying them leading low penetration rate among potential customers thereby restricting overall expansion pace till date
Major players operating within global electric generator sets space includes Cummins Inc., Caterpillar Inc., Kohler Co., Briggs & Stratton Corporation , Generac Power Systems Inc., Kirlos
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 Philippines Electric Generator Sets Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Electric Generator Sets Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Electric Generator Sets Market - Industry Life Cycle |
3.4 Philippines Electric Generator Sets Market - Porter's Five Forces |
3.5 Philippines Electric Generator Sets Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.6 Philippines Electric Generator Sets Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Philippines Electric Generator Sets Market Revenues & Volume Share, By Fuel Source, 2021 & 2031F |
3.8 Philippines Electric Generator Sets Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Philippines Electric Generator Sets Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Philippines Electric Generator Sets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Electric Generator Sets Market Trends |
6 Philippines Electric Generator Sets Market, By Types |
6.1 Philippines Electric Generator Sets Market, By Rated Capacity |
6.1.1 Overview and Analysis |
6.1.2 Philippines Electric Generator Sets Market Revenues & Volume, By Rated Capacity, 2021-2031F |
6.1.3 Philippines Electric Generator Sets Market Revenues & Volume, By Less than 125 MVA, 2021-2031F |
6.1.4 Philippines Electric Generator Sets Market Revenues & Volume, By 125-300 MVA, 2021-2031F |
6.1.5 Philippines Electric Generator Sets Market Revenues & Volume, By 300-700 MVA, 2021-2031F |
6.1.6 Philippines Electric Generator Sets Market Revenues & Volume, By 700-1000 MVA, 2021-2031F |
6.1.7 Philippines Electric Generator Sets Market Revenues & Volume, By Above 1000 MVA, 2021-2031F |
6.2 Philippines Electric Generator Sets Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Electric Generator Sets Market Revenues & Volume, By AC Generator, 2021-2031F |
6.2.3 Philippines Electric Generator Sets Market Revenues & Volume, By Stationary Field Synchronous, 2021-2031F |
6.2.4 Philippines Electric Generator Sets Market Revenues & Volume, By Rotating Field Synchronous, 2021-2031F |
6.2.5 Philippines Electric Generator Sets Market Revenues & Volume, By Permanent Magnet, 2021-2031F |
6.2.6 Philippines Electric Generator Sets Market Revenues & Volume, By Variable/Switched Reluctance, 2021-2031F |
6.2.7 Philippines Electric Generator Sets Market Revenues & Volume, By Induction Generators, 2021-2031F |
6.2.8 Philippines Electric Generator Sets Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Philippines Electric Generator Sets Market Revenues & Volume, By Others, 2021-2031F |
6.3 Philippines Electric Generator Sets Market, By Fuel Source |
6.3.1 Overview and Analysis |
6.3.2 Philippines Electric Generator Sets Market Revenues & Volume, By Diesel Generators, 2021-2031F |
6.3.3 Philippines Electric Generator Sets Market Revenues & Volume, By Gas Generators, 2021-2031F |
6.3.4 Philippines Electric Generator Sets Market Revenues & Volume, By Others , 2021-2031F |
6.4 Philippines Electric Generator Sets Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Electric Generator Sets Market Revenues & Volume, By Standby, 2021-2031F |
6.4.3 Philippines Electric Generator Sets Market Revenues & Volume, By Continuous, 2021-2031F |
6.4.4 Philippines Electric Generator Sets Market Revenues & Volume, By Portable, 2021-2031F |
6.5 Philippines Electric Generator Sets Market, By End Users |
6.5.1 Overview and Analysis |
6.5.2 Philippines Electric Generator Sets Market Revenues & Volume, By Commercial, 2021-2031F |
6.5.3 Philippines Electric Generator Sets Market Revenues & Volume, By Residential, 2021-2031F |
6.5.4 Philippines Electric Generator Sets Market Revenues & Volume, By Industrial, 2021-2031F |
7 Philippines Electric Generator Sets Market Import-Export Trade Statistics |
7.1 Philippines Electric Generator Sets Market Export to Major Countries |
7.2 Philippines Electric Generator Sets Market Imports from Major Countries |
8 Philippines Electric Generator Sets Market Key Performance Indicators |
9 Philippines Electric Generator Sets Market - Opportunity Assessment |
9.1 Philippines Electric Generator Sets Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.2 Philippines Electric Generator Sets Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Philippines Electric Generator Sets Market Opportunity Assessment, By Fuel Source, 2021 & 2031F |
9.4 Philippines Electric Generator Sets Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Philippines Electric Generator Sets Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Philippines Electric Generator Sets Market - Competitive Landscape |
10.1 Philippines Electric Generator Sets Market Revenue Share, By Companies, 2024 |
10.2 Philippines Electric Generator Sets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |