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: ETC090028 | Publication Date: Jun 2022 | Updated Date: May 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, China was the largest exporter in terms of value, followed by Viet Nam. It has registered a growth of 37.12% over the previous year. While Viet Nam registered a decline of -15.09% as compared to the previous year. In the year 2017, China was the largest exporter followed by Viet Nam. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the Philippines has a Herfindahl index of 2135 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 4613 which signifies high concentration in the market.
The Philippines Diesel Genset (Generator) Market report comprehensively covers the market by kVA ratings and 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.
The Philippines Diesel Genset (Generator) Market is projected to grow over the coming year. The Philippines 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.
Philippines Diesel Genset (Generator) Market has experienced tremendous growth over the years. The increasing frequency of power outages and demand for power backup solutions has led to significant growth in the market. The adoption of hybrid gensets is one of the notable trends emerging in the market. This technology reduces the emission of carbon, cost of operation, and fuel consumption. The major development in the industry is the growing popularity of the gensets that use the latest technology for remote control and monitoring. This technology is used to monitor real-time performance with the use of mobile phones and the Internet. The increasing focus on the environment is also leading to the integration of the diesel genset with solar panels and wind turbines. The Philippines diesel market is striving to become efficient, effective, and ecologically friendly for its consumers.
Philippines Diesel Genset Market is anticipated to project substantial growth during the upcoming period owing to the increasing foreign investment and developing infrastructure. Increasing development in infrastructure backed by the need for regular and adequate Electricity supply in the construction sector is driving the Philippines Diesel Genset Market Growth. The growth in the transportation sector is further contributing to the development of the market. Increasing tourism and migration drives the need for increased electricity supply further beholding the growth of the market. The expansion of the 5G network in the Philippines is adding to the development of the market. Furthermore, the Marawi rehabilitation and development project comprised the rehabilitation and construction that would further add to the Philippines Diesel Generator Market Share.
According to 6Wresearch, the Philippines Diesel Genset (Generator) Market size is projected to grow at a CAGR of 2.3% during 2021-2027. The Philippines occupies the 7th position in terms of market size in the APAC Diesel Genset Market. Government favorable norms in order to increase the supply of electricity further lead to the development of the Diesel Generator Market in the Philippines. Increasing establishment and construction of hotels beholds the growth of the market. Irregular supply of electricity especially in rural and semi-urban areas is driving the growth of the Philippines Diesel Generator Market. However, the outburst of COVID-19 has hampered the growth of the market owing to the nationwide lockdown causing disruption in the supply chain. Furthermore, the high cost of electricity generated by diesel Genset also beholds the negative growth of the market. The Philippines Diesel Generator Market is expected to recover during the upcoming years on account of the resumption of manufacturing units.
In terms of market by kVA ratings, 5KVA-75KVA leads 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, the Commercial segment dominates the market and is expected to remain in the same position in the coming years. However, Industrial is expected to have the fastest growth rate among all applications.
Philippines Diesel Genset Industry was heavily impacted by the pandemic. There was a shift in demand for the country’s power generation as the requirement for electricity in the residential areas increased and demand from commercial and industrial sectors declined. The lockdowns and restrictions led to shut down of businesses and due to this, there has been a decrease in demand for diesel gensets by the companies that relied on power backup. The demand for gensets increased from the household sector. In the challenging times, the household sector required reliable energy. The prevalence of remote work culture increased the demand for a stable and uninterrupted power supply.
These are the key players in the market who are known for supplying and manufacturing the gensets (Generator)
The report provides a detailed analysis of the following 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 Philippines Diesel Genset Market Overview |
3.1 Philippines Diesel Genset Market Revenues & Volume, 2017 & 2027F |
3.2 Philippines Diesel Genset Market - Industry Life Cycle |
3.3 Philippines Diesel Genset Market - Porter's Five Forces |
3.4 Philippines Diesel Genset Market Revenues & Volume Share, By KVA, 2020 & 2027F |
3.5 Philippines Diesel Genset Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Philippines Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Diesel Genset Market Trends |
6 Philippines Diesel Genset Market Segmentation |
6.1 Philippines Diesel Genset Market, By KVA |
6.1.1 Overview and Analysis |
6.1.2 Philippines Diesel Genset Market Revenues & Volume, By KVA, 2018 - 2027F |
6.1.3 Philippines Diesel Genset Market Revenues & Volume, By 5 - 75 KVA, 2018 - 2027F |
6.1.4 Philippines Diesel Genset Market Revenues & Volume, By 75.1 - 375 KVA, 2018 - 2027F |
6.1.5 Philippines Diesel Genset Market Revenues & Volume, By 375.1 - 750 KVA, 2018 - 2027F |
6.1.6 Philippines Diesel Genset Market Revenues & Volume, By 750.1 - 1000 KVA, 2018 - 2027F |
6.1.7 Philippines Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2018 - 2027F |
6.2 Philippines Diesel Genset Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Diesel Genset Market Revenues & Volume, By Residential, 2018 - 2027F |
6.2.3 Philippines Diesel Genset Market Revenues & Volume, By Commercial, 2018 - 2027F |
6.2.4 Philippines Diesel Genset Market Revenues & Volume, By Industrial, 2018 - 2027F |
6.2.5 Philippines Diesel Genset Market Revenues & Volume, By Transportation & Public Infrastructure, 2018 - 2027F |
7 Philippines Diesel Genset Market Import-Export Trade Statistics |
7.1 Philippines Diesel Genset Market Export to Major Countries |
7.2 Philippines Diesel Genset Market Imports from Major Countries |
8 Philippines Diesel Genset Market Key Performance Indicators |
9 Philippines Diesel Genset Market - Opportunity Assessment |
9.1 Philippines Diesel Genset Market Opportunity Assessment, By KVA, 2020 & 2027F |
9.2 Philippines Diesel Genset Market Opportunity Assessment, By Application, 2020 & 2027F |
10 Philippines Diesel Genset Market - Competitive Landscape |
10.1 Philippines Diesel Genset Market Revenue Share, By Companies, 2020 |
10.2 Philippines Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |