Vietnam Diesel Genset (Generator) Market (2021-2027) | Growth, Size, Value, Industry, Share, Trends, Analysis, Revenue, Segmentation, Outlook & COVID-19 IMPACT

Topics Covered in the Vietnam Diesel Genset Market

Vietnam Diesel Genset (Generator) Market report comprehensively covers the market by kVA ratings & application. The market 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.

Vietnam Diesel Genset (Generator) Market is projected to grow over the coming year. Vietnam Diesel Genset (Generator) Market report is a part of our periodical regional publication Asia Pacific Diesel Genset (Generator) Market outlook report. 6W tracks the diesel genset market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Diesel Genset (Generator) Market outlook report annually.

Latest Development (2023) of the Vietnam Diesel Genset (Generator) Market

Vietnam Diesel Genset (Generator) Market is significantly growing on account of increasing industrialization and urbanization. There is a shift towards eco-friendly technologies due to rising awareness among people about the protection of the environment. The producers of diesel gensets are taking various measures to produce efficient and sustainable products. There is heavy investment in the research domain to develop and advance the technology that can easily reduce carbon emissions and improvised the efficiency of fuel.  Due to economic growth, and a supportive and favorable regulatory environment for renewable energy sources, Vietnam is set to become the leading market in Asia. The producers are keeping up with the latest development and sustainability standards to cater to the needs of the consumers and due to this, Vietnam Diesel Genset (Generator) Industry is expanding.

Vietnam Diesel Genset Market Synopsis

Vietnam Diesel Genset Market is anticipated to gain momentum in the upcoming years. The key factor for the growth of the market on account of increasing disposable income coupled with rising demand for regular and reliable power supply. Increasing urbanization and infrastructure development are accelerating the Vietnam Diesel Generator Market Growth. The growing expansion of the industrial and construction sector coupled with increasing power blackouts triggers the potential growth of the market.

According to 6Wresearch, Vietnam Diesel Genset (Generator) Market size is projected to grow at a CAGR of 2.4% during 2021-2027. Vietnam occupies the 8th position in terms of market size in the APAC Diesel Genset Market. The lack of infrastructure and rising demand for a continuous supply of electricity is adding to the Vietnam Diesel Generator Market Share. The various industries and sectors are constantly demanding the uninterrupted power supply and this is leading to the growth of the market. The various government initiatives towards the development of the infrastructure are another factor that is boosting the market. Foreign investment in oil and gas exploration is another factor that is driving the growth of the market. There are numerous challenges present in the market. There should be more investment in the research and development domain to develop advanced products. The major companies should expand their distribution networks by collaborating with local distributors so that the market can grow at a rapid pace.

Market by KVA

On the basis of KVA, the market is segmented into 5 - 75 KVA, 75.1 - 375 KVA, 375.1 - 750 KVA, 750.1 - 1000 KVA, and Above 1000 KVA.

Market by Application

According to Dhaval, Research Manager, 6Wresearch, on the basis of Application, the market is segmented into Residential, Commercial, Industrial, and Transportation & Public Infrastructure.  The commercial segment will dominate the market due to its extensive use as a power backup source in various commercial establishments and it will lead to an increase in Vietnam Diesel Genset Market Share.

COVID-19 Impact on Vietnam Diesel Genset (Generator) Market

The Diesel Genset Market in Vietnam was significantly impacted by the sudden outbreak of the pandemic. There was a decline in the demand for the diesel genset due to lockdown measures and supply chain disruptions and it resulted in a drop in the sales of the machines. The construction industry primarily uses the diesel gensets and it has been severely affected by COVID-19. The demand for generators declined due to the cancellation of projects due to government-mandated lockdown and social distancing measures. There was a reduction in commercial operations that relied heavily on backup power and it led to less requirement of the generators in small and medium-sized industries.

Vietnam Diesel Genset (Generator) Market: Key Players

These are the key players in the market and they are extensively engaged in the production and distribution of the Genset (Generator) and it leading to Vietnam Diesel Genset (Generator) Market Share.

• Cummins Inc.
• Caterpillar Inc.
• Mitsubishi Heavy Industries, Ltd.
• Kohler Co.
• Atlas Copco AB
• Yanmar Holdings Co., Ltd.
• Himoinsa S.L.
• MTU Onsite Energy (a brand of Rolls-Royce Power Systems)
• Doosan Corporation
• Wuxi Kipor Power Co., Ltd.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020.
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam Diesel Genset Market Outlook
• Market Size of Vietnam Diesel Genset Market, 2020
• Forecast of Vietnam Diesel Genset Market, 2027
• Historical Data and Forecast of Vietnam Diesel Genset Revenues & Volume for the Period 2017 - 2027
• Vietnam Diesel Genset Market Trend Evolution
• Vietnam Diesel Genset Market Drivers and Challenges
• Vietnam Diesel Genset Price Trends
• Vietnam Diesel Genset Porter's Five Forces
• Vietnam Diesel Genset Industry Life Cycle
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By KVA for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By 5 - 75 KVA for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By 75.1 - 375 KVA for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By 375.1 - 750 KVA for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By 750.1 - 1000 KVA for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By Above 1000 KVA for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Vietnam Diesel Genset Market Revenues & Volume By Transportation & Public Infrastructure for the Period 2017 - 2027
• Vietnam Diesel Genset Import Export Trade Statistics
• Market Opportunity Assessment By KVA
• Market Opportunity Assessment By Application
• Vietnam Diesel Genset Top Companies Market Share
• Vietnam Diesel Genset Competitive Benchmarking By Technical and Operational Parameters
• Vietnam Diesel Genset Company Profiles
• Vietnam Diesel Genset Key Strategic Recommendations

Market Covered

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

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

Vietnam Diesel Genset (Generator) Market: FAQs