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), And Competitive Landscape
Product Code: ETC002048 | Publication Date: Jan 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
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 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 2025-2031. 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.
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.
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.
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.
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.
The report offers a comprehensive study of the subsequent market segments:
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 Bangladesh Diesel Genset Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Diesel Genset Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Diesel Genset Market- Industry Life Cycle |
3.4 Bangladesh Diesel Genset Market- Porter's Five Forces |
3.5 Bangladesh Diesel Genset Market Revenues & Volume Share, By KVA rating , 2021 & 2031F |
3.6 Bangladesh Diesel Genset Market Revenues & Volume Share, By Application 2021 & 2031F |
4 Bangladesh Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Diesel Genset Market Trends |
6. Bangladesh Diesel Genset Market, By KVA Ratings |
6.1 Bangladesh Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2021 & 2031F |
6.2 Bangladesh Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2021 & 2031F |
6.3 Bangladesh Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2021 & 2031F |
6.3 Bangladesh Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2021 & 2031F |
6.3 Bangladesh Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2021 & 2031F |
7 Bangladesh Diesel Genset Market, By Application |
7.1 Bangladesh Diesel Genset Market Revenues & Volume, By Residential, 2021 & 2031F |
7.2 Bangladesh Diesel Genset Market Revenues & Volume, By Commercial, 2021 & 2031F |
7.3 Bangladesh Diesel Genset Market Revenues & Volume, By Industrial, 2021 & 2031F |
7.3 Bangladesh Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2021 & 2031F |
8 Bangladesh Diesel Genset Market Import-Export Trade Statistics |
8.1 Bangladesh Diesel Genset Market Export to Major Countries |
8.2 Bangladesh Diesel Genset Market Imports from Major Countries |
9 Bangladesh Diesel Genset Market Key Performance Indicators |
10 Bangladesh Diesel Genset Market- Opportunity Assessment |
10.1 Bangladesh Diesel Genset Market Opportunity Assessment, By KVA rating , 2031 |
10.2 Bangladesh Diesel Genset Market Opportunity Assessment, By Application, 2031 |
11 Bangladesh Diesel Genset Market- Competitive Landscape |
11.1 Bangladesh Diesel Genset Market Revenue Share, By Companies, 2024 |
11.2 Bangladesh Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
Market Forecast By KVA Rating (5 KVA-75 KVA, 75.1 KVA-375 KVA, 375.1 KVA-750 KVA, And Above 750 KVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure) and Competitive Landscape
Product Code: ETC002048 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Bangladesh Diesel Genset Market has witnessed a significant growth in the recent years owing to the increasing power cut, rising demand for power backup solutions, increasing industrial & commercial sector within the country. However, due to the breakout of COVID-19, there was a nationwide lockdown which affected the diesel genset market negatively and there was a sharp decline in the market. Furthermore, when the economy would resume, the upcoming construction projects such as Rooppur Nuclear Power Plant, Padma Bridge, and many others requiring uninterrupted power supply would boost the demand for diesel genset which would subsequently show a positive influence in Bangladesh diesel genset market.
According to 6Wresearch, the Bangladesh Diesel Genset Market size is expected to witness slow growth during 2020-2026. Based on types, 375.1 kVA–750 kVA garners the maximum revenue share in the market owing to its popularity in commercial and retail sector whereas, 5 kVA-75 kVA owns the majority of volume share owing to its majority of usage in residential and agricultural purpose. Furthermore, in the forecast period, the above-mentioned segments would continue to own the maximum revenue and volume share due to the infrastructural and residential sector growth within the country.
Based on application, industrial sector bags a major share in revenue owing to the increasing industrial sector and the increasing usage of diesel genset within the industry for the backup purpose and to maintain the continuous power supply. In the coming years, infrastructure sector is expected to acquire a major share in the Bangladesh diesel genset market due to the rising demand for high-quality infrastructure systems such as roads, railways, efficient water sanitation, reliable power supplies.
Bangladesh Diesel Genset market report thoroughly covers the market by kVA ratings and applications. Bangladesh Diesel Genset market outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh 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.
Key Highlights of the Report:
Markets Covered
Bangladesh Diesel Genset market report provides a detailed analysis of the following market segments:
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