Topics Covered in the Thailand Diesel Genset Market
Thailand 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.
Thailand Diesel Genset Market Synopsis
Thailand Diesel Genset market is projected to grow at a modest rate during the forecast period as a result of the establishment of small and medium enterprises along with upcoming government infrastructure projects such as metro rails, smart cities, and expansion of state and national highways across the country. Strengthening telecom infrastructure, increasing residential societies, and expansion of business parks in the country would further drive the growth of diesel Genset market revenues in such markets in future.
According to 6Wresearch, the Thailand Diesel Genset Market size is projected to grow at a CAGR of 3.1% during 2019-25. Diesel Genset in the 375.1 – 750 kVA power rating range accounted for the majority of the market revenue share in the overall Thailand diesel Genset market in 2018 on account of their wide utilization across several applications areas such as hospitality, retail, manufacturing units, and healthcare segments. Additionally, growing social infrastructure in the country would further spur the demand for diesel Gensets as an auxiliary power support system in the country.
The development of the Eastern Economic Corridor would increase urbanization, regional commercial centers, and tourism spots in the Eastern Region of Thailand and thus would create more demand for diesel gensets. Projects such as the U-Tapao International Airport, Map Ta Phut Port (3rd Phase), and the Sattahip Commercial Port would also contribute towards an increase in the market demand for diesel gensets in Thailand over the next six years.
The Thailand diesel genset market report thoroughly covers the Thailand diesel genset market by kVA rating and applications. Thailand diesel genset market outlook report provides an unbiased and detailed analysis of the Thailand diesel genset market trends, opportunities / high growth areas, and market drivers which would help the stakeholders to device and align their market strategies accordingly to the current and future market dynamics.
Government policies and schemes introduced in the Thailand Diesel Genset Market
The Thai government is actively promoting the adoption of diesel gensets by introducing several initiatives. One of the main initiatives is the "Power Development Plan," which aims to increase the power generation capacity in Thailand. Additionally, the government is providing incentives to businesses that invest in renewable energy sources, thereby promoting a more sustainable energy mix in the country. The Thai government has implemented various initiatives aimed at promoting the use of alternative energy and reducing the country's reliance on fossil fuels. These initiatives include the Alternative Energy Development Plan (AEDP), which aims to increase the country's renewable energy capacity to 30% by 2036. Additionally, the government has also implemented emission standards for diesel gensets and provided incentives for customers who purchase energy-efficient gensets and this major factor has significantly contributed towards rise in Thailand Diesel Genset Market Share.
Leading players in the Thailand Diesel Genset Market
Some of the key players in the Thailand Diesel Genset Industry include Cummins Inc., Caterpillar Inc., Himoinsa S.L., Kirloskar Oil Engines Ltd., and Mitsubishi Heavy Industries Ltd. These companies are investing in research and development to improve the efficiency and reliability of diesel gensets.
Market analysis by KVA Ratings
The 5kVA - 75kVA segment is expected to lead Thailand Diesel Genset Market Growth as the residential sector in Thailand continues to grow. With the increase in middle-class house ownership, there will be a higher demand for backup power during power outages. This segment provides a practical solution for powering households, small businesses like shops and food stalls as well as low-capacity offices.
Market analysis By Applications
According to Dhaval, Research Manager, 6Wresearch, by application, the commercial and industrial segments are expected to remain the largest contributors to the diesel genset market's growth. Companies in Thailand are focusing on generating their power since the cost of electricity tends to be high in the country. To maintain their operations, larger businesses require backup power to minimize any losses caused by power outages or downtime.
Key attractiveness of the report
- 10 Years Market Numbers.
- Historical Data Starting from 2015 to 2018.
- Base Year: 2018.
- Forecast Data until 2025.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Thailand Diesel Genset Market Overview
- Thailand Diesel Genset Market Outlook
- Thailand Diesel Genset Market Forecast
- Thailand Diesel Genset Market Size
- Thailand Diesel Genset Market Share, by kVA rating
- Thailand Diesel Genset Market Forecast of revenues until 2025
- Historical Data of Thailand Diesel Genset Market Revenues and Volume for the Period 2015-2018
- Market Size & Forecast of Thailand Diesel Genset Market Revenues and Volume until 2025
- Historical Data of Thailand Diesel Genset Market Revenues & Volume, by kVA Rating for the Period 2015-2018
- Market Size & Forecast of Thailand Diesel Genset Market Revenues & Volume, by kVA Rating until 2025
- Historical Data of Thailand Diesel Genset Market Revenues, By Applications for the Period 2015-2018
- Market Size & Forecast of Thailand Diesel Genset Market Revenues, By Applications until 2025
- Thailand Diesel Genset Market Price Trends
- Thailand Diesel Gensets Market Drivers and Restraints
- Thailand Diesel Genset Market Trends
- Thailand Diesel Genset Market Share, By Companies
- Thailand Diesel Genset Market Overview on Competitive Benchmarking
- Company Profiles
- Strategic Recommendations
Thailand Diesel Genset Market Report Covered:
The report provides a detailed analysis of the following market segments:
- By kVA Rating:
- 5.1- 75 kVA
- 75.1- 375 kVA
- 375.1- 750 kVA
- 750.1- 1000 kVA
- Above 1000 kVA
- By Applications:
- Commercial
- Residential
- Industrial
- Transportation and Public Infrastructure
