Market Forecast By KVA Rating (5 KVA-75 KVA, 75.1 KVA-375 KVA, 375.1 KVA-750 KVA, 750.1 KVA-1000 KVA And Above 1000 KVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Regions (Eastern, Northern, Western And Southern) And Competitive Landscape
|Product Code: ETC090026
|Publication Date: Dec 2023
|Updated Date: Dec 2023
|Product Type: Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
Singapore 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.
Singapore Diesel Genset Market is expected to grow in the forecast period on the account of increasing demand for uninterrupted and reliable power supply, the rapid industrialization and urbanization, and the rising number of construction activities. Diesel gensets have become an essential backup power source for various applications, including hospitals, data centres, banks, and other critical infrastructure facilities. Singapore remains a thriving market for various industries, and with the rise of various natural calamities and the growing dependency of businesses on uninterrupted power supply, gensets have become an integral component of several sectors. The diesel genset market in Singapore is witnessing a surge owing to its efficiency, reliability, and eco-friendliness, among other factors.
According to 6Wresearch, the Singapore Diesel Genset Market size is projected to grow at the CAGR of 12 % during the forecast period of 2024-2030. The growing need for uninterrupted and reliable power supply is the primary driver of the diesel genset market in Singapore. This is due to the increasing dependence on technology and the criticality of power supply for various business operations. Moreover, the rapid urbanization and industrialization of the country have led to an increase in power demand, necessitating alternative power sources like diesel gensets. Additionally, the surge in construction activities in the country has led to a higher demand for portable gensets, which can be used in remote locations. The primary driver of the Singapore Diesel Genset Market is the growing demand for uninterrupted power supply by various sectors, including healthcare, IT, industrial, commercial, and residential sectors. Additionally, the surging infrastructure development in Singapore and its neighbouring countries has increased the demand for diesel gensets, further fuelling the Singapore Diesel Genset Market Growth. Furthermore, the growing awareness toward clean and renewable energy sources coupled with the rising adoption of eco-friendly diesel gensets is positively impacting the market's growth. Despite the positive growth prospects of the Singapore diesel genset market, there are still some challenges that need to be addressed. The primary challenge facing the sector is the high cost of diesel fuel, which is a key component of operating a genset. This, coupled with the rising demand for cleaner energy, has led to increasing pressure to adopt more sustainable and efficient power sources. In addition, the lack of awareness about the benefits of diesel gensets remains a challenge in some sectors of the market.
To promote the Singapore Diesel Genset Industry, the Singapore government has introduced various initiatives and policies. The government has set up programs that encourage the adoption of alternative power sources, such as solar and wind power, to reduce carbon emissions. Additionally, the government is providing grants and incentives, such as the Productivity Solutions Grant, to assist businesses in investing in energy-efficient equipment, including diesel gensets. Furthermore, the government is implementing regulations that require facilities to have backup power sources as part of their contingency plans.
There are several key players in the Diesel genset market in Singapore. These include Cummins, Caterpillar, Mitsubishi Heavy Industries, and Kohler, among others. These companies are continually investing in research and development to introduce more advanced and efficient genset technology. Moreover, these players are adopting various strategies, such as mergers, acquisitions, and partnerships, to expand their product portfolios and solidify their market positions.
The segment projected to see the most growth in the Singapore diesel genset market is the 5 kVA - 75 kVA category. These generators have a compact size, ease of installation, and are reasonably priced, making them an excellent choice for small shops, apartments, and homes. With a large number of new construction projects focused on residential real estate in Singapore's upcoming areas, the 5 kVA - 75 kVA generators are predicted to see an upsurge in demand and will lead to rise in Singapore Diesel Genset Market Share.
According to Ravi Bhandari, Research Head, 6Wresearch, the commercial sector is the largest and fastest-growing segment in Singapore's diesel genset market. This segment is driven by an increase in the construction of commercial buildings such as shopping malls, data centers, and office buildings. The rising demand for a stable power supply in this sector is expected to sustain the growth of the diesel genset market.
The report offers a comprehensive study of the subsequent market segments:
|1 Executive Summary
|2.1 Key Highlights of the Report
|2.2 Report Description
|2.3 Market Scope & Segmentation
|2.4 Research Methodology
|3 Singapore Diesel Genset Market Overview
|3.1 Singapore Country Macro Economic Indicators
|3.2 Singapore Diesel Genset Market Revenues & Volume, 2020 & 2030F
|3.3 Singapore Diesel Genset Market- Industry Life Cycle
|3.4 Singapore Diesel Genset Market- Porter's Five Forces
|3.5 Singapore Diesel Genset Market Revenues & Volume Share, By KVA rating , 2023 & 2030F
|3.6 Singapore Diesel Genset Market Revenues & Volume Share, By Application 2023 & 2030F
|4 Singapore Diesel Genset Market Dynamics
|4.1 Impact Analysis
|4.2 Market Drivers
|4.3 Market Restraints
|5 Singapore Diesel Genset Market Trends
|6. Singapore Diesel Genset Market, By KVA Ratings
|6.1 Singapore Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2020 & 2030F
|6.2 Singapore Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2020 & 2030F
|6.3 Singapore Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2020 & 2030F
|6.3 Singapore Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2020 & 2030F
|6.3 Singapore Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2020 & 2030F
|7 Singapore Diesel Genset Market, By Application
|7.1 Singapore Diesel Genset Market Revenues & Volume, By Residential, 2020 & 2030F
|7.2 Singapore Diesel Genset Market Revenues & Volume, By Commercial, 2020 & 2030F
|7.3 Singapore Diesel Genset Market Revenues & Volume, By Industrial, 2020 & 2030F
|7.3 Singapore Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2020 & 2030F
|8 Singapore Diesel Genset Market Import-Export Trade Statistics
|8.1 Singapore Diesel Genset Market Export to Major Countries
|8.2 Singapore Diesel Genset Market Imports from Major Countries
|9 Singapore Diesel Genset Market Key Performance Indicators
|10 Singapore Diesel Genset Market- Opportunity Assessment
|10.1 Singapore Diesel Genset Market Opportunity Assessment, By KVA rating , 2030
|10.2 Singapore Diesel Genset Market Opportunity Assessment, By Application, 2030
|11 Singapore Diesel Genset Market- Competitive Landscape
|11.1 Singapore Diesel Genset Market Revenue Share, By Companies, 2023
|11.2 Singapore Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters
|12 Company Profiles
Market Forecast By KVA (5 - 75 KVA, 75.1 - 375 KVA, 375.1 - 750 KVA, 750.1 - 1000 KVA, Above 1000 KVA), By Application (Residential, Commercial , Industrial, Transportation & Public Infrastructure) And Competitive Landscape
|Product Code: ETC090026
|Publication Date: Aug 2021
|Product Type: Market Research Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
In the year 2021, USA was the largest exporter in terms of value, followed by China. It has registered a growth of 52.8% over the previous year. While China registered a decline of -12.15% as compare to the previous year. In the year 2017 USA was the largest exporter followed by UK. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Singapore has the Herfindahl index of 1802 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 1960 which signifies moderately concentrated in the market.
Singapore Diesel Genset (Generator) Market is projected to grow over the coming year. Singapore Diesel Genset (Generator) Market report is a part of our periodical regional publication outlook report. 6W tracks diesel genset market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled outlook report annually.
Singapore Diesel Genset Market decline by -10.2% in 2017- 2020 and is expected to grow at a CAGR of 2.6% during 2021- 2027. Singapore occupies 18th position in terms of the market size in the APAC Diesel Genset Market.
In terms of market by kVA ratings, 375.1KVA-750KVA dominates the market and is expected to remain in a dominant position in the coming years. However, the Above 1000KVA rating is expected to have the fastest growth rate among all ratings.
In terms of application, Commercial dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all applications.
Singapore Diesel Genset Market report comprehensively covers the market by kVA ratings, applications, and regions. The Singapore Diesel Genset Market outlook report provides an unbiased analysis of the ongoing Singapore Diesel Genset 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.