Bangladesh Diesel Genset Market (2024-2030) | Analysis, Growth, Companies, Value, Size, Share, Industry, Revenue, Forecast, Trends & Outlook

Topics Covered in the Bangladesh Diesel Genset Market

Bangladesh 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.

Bangladesh Diesel Genset Market Synopsis

Bangladesh Diesel Genset Market is likely to grow due to as the demand for diesel gensets is being driven by industries such as manufacturing, healthcare, hospitality, and commercial complexes that require backup power. The penetration of micro, small, and medium-sized enterprises (MSMEs) and the telecom sector also contribute to the demand for diesel gensets. Bangladesh is currently witnessing an increase in demand for reliable power solutions due to a growing economy and an increasing population. The diesel genset market has emerged as a preferred solution for sectors ranging from healthcare to manufacturing and telecom. Despite being called “the land of rivers,” Bangladesh still suffers from frequent power outages, which has led to a rise in the use of diesel generators to provide uninterrupted power.

According to 6Wresearch, the Bangladesh Diesel Genset Market size is projected to grow at the CAGR of 6.3% during the forecast period of 2024-2030. One of the significant drivers of diesel genset adoption in Bangladesh is the lack of reliable electricity grid infrastructure. The current system is often prone to blackouts, voltage fluctuations, and power shortages, which is why businesses and households frequently turn to diesel gensets for power backup. The growth of businesses in the country, especially in the textile and garment sector, has also contributed significantly to the robust demand for gensets. Moreover, the increasing rural electrification rates and the need for reliable backup power for hospitals, schools, and other critical facilities have bolstered the diesel genset market in Bangladesh. There are several challenges prevalent in the market which has restrained Bangladesh Diesel Genset Market Growth.  There are several challenges impede the growth of the diesel genset market in Bangladesh. One of the most pressing is the country's acute shortage of diesel fuel. This shortage has led to a rise in the price of diesel compared to other fuels, making it challenging for businesses and households to afford using diesel gensets cost-effectively. Furthermore, the government's decision to prioritize grid extension and increase renewable energy sources has led to a decline in genset imports. This decline has forced manufacturers to adjust their pricing strategies, which could further impede the growth of the Bangladesh Diesel Genset Industry.

Government policies and schemes introduced in the Bangladesh Diesel Genset Market

The Bangladesh government has taken several initiatives to increase the Bangladesh Diesel Genset Market Share. In early 2018, the government revised the tax structure for gensets to stimulate import and local production. Under the revised structure, the authorities reduced the taxes for importing gensets by almost 60%. The government also announced additional tax benefits for local manufacturing companies that produce gensets with eco-friendly features. Besides, the authorities have invested in developing the infrastructure network needed to supply diesel and other fuels efficiently across the country, which will enable businesses to use gensets on a more sustainable basis.

Leading players in the Bangladesh Diesel Genset Market

The Diesel genset market In Bangladesh is highly fragmented, with several global and national players catering to the increasing demand. The leading players dominating the market are Caterpillar Inc., Cummins Inc., Mahindra Powerol, and Kohler Co. These companies are expanding their product portfolio by introducing new and advanced technologies, which are sustainable, reliable, and efficient. Moreover, local manufacturers such as Pran RFL Group, Energypac, and Aggreko Bangladesh are also gaining prominence in the market.

Market analysis by KVA Ratings

The Bangladesh diesel genset market can be segmented into five categories based on kVA rating. These include 5 kVA - 75 kVA, 75.1 kVA – 375 kVA, 375.1 kVA - 750 kVA, 750.1 KVA-1000 KVA, and above 1000 KVA. Amongst these, the 75.1 kVA – 375 kVA segment is likely to grow at the highest rate owing to its growing adoption across various industries. This segment is popular among small and medium-sized businesses as it offers ideal power solutions at reasonable prices.

Market analysis By Applications

According to Shivankar, Research Manager, 6Wresearch, the industrial segment is anticipated to dominate the market, and it will account for the largest revenue share due to the high demand for uninterrupted power supply in various industries.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Diesel Genset Market Outlook
• Market Size of Bangladesh Diesel Genset Market, 2023
• Forecast of Bangladesh Diesel Genset Market, 2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues & Volume for the Period 2020 - 2030
• Bangladesh Diesel Genset Market Trend Evolution
• Bangladesh Diesel Genset Market Drivers and Challenges
• Bangladesh Diesel Genset Market Price Trends
• Bangladesh Diesel Genset Market Porter's Five Forces
• Bangladesh Diesel Genset Market Industry Life Cycle
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by KVA ratings for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and Volume by 5 - 75 KVA for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by 75.1 - 375 KVA for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by 375.1 - 750 KVA for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by 750.1 - 1000 KVA for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by Above 1000 KVA for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by Application for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by Residential for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by Commercial for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by Industrial for the Period 2020-2030
• Historical Data and Forecast of Bangladesh Diesel Genset Market Revenues and volume by Transportation and public Infrastructure for the Period 2020-2030
• Bangladesh Diesel Genset Market Import Export Trade Statistics
• Market Opportunity Assessment by KVA ratings
• Market Opportunity Assessment by Application
• Bangladesh Diesel Genset Market Top Companies Market Share
• Bangladesh Diesel Genset Market Competitive Benchmarking by Technical and Operational Parameters
• Bangladesh Diesel Genset Market Company Profiles
• Bangladesh Diesel Genset Market Key Strategic Recommendation

Market Covered

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

By kVA Rating

• 5 kVA - 75 kVA
• 75.1 kVA – 375 kVA
• 375.1 kVA - 750 kVA
• 750.1 KVA-1000 KVA
•  Above 1000 KVA

By Applications

• Residential
• Commercial
• Industrial
• Transportation & public Infrastructure