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: ETC001316 | Publication Date: Dec 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Diesel Genset market currently, in 2023, has witnessed an HHI of 3850, Which has increased slightly as compared to the HHI of 2135 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Philippines 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.
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 Market size is likely to grow at the CAGR of 8 % during the forecast period of 2025-2031. The Philippines government's initiative to electrify rural areas and promote sustainable energy sources is a significant driver of the diesel genset market. Additionally, the growth in several sectors, including commercial, residential, and manufacturing, has led to an increased demand for uninterrupted power supply. This demand has reinforced the need for diesel gensets as an alternative source of power. There are several drivers behind the growth of Philippines diesel genset, including the increasing need for the uninterrupted power supply across the country. Also, the inadequate power generation infrastructure has resulted in frequent power outages that damage industries and service sectors. The construction sector is booming in Philippines, which requires a consistent power supply for continued development. Philippines has become an attractive destination for foreign investments due to its low-cost manufacturing capabilities.
The increased investments in the manufacturing sector have led to an increase in demand for electricity, thus leading to Philippines Diesel Genset Market Growth. Another driver of the market is the country's expanding infrastructure sector, with the government investing heavily in infrastructure development projects such as highways, railways, and airports. The high initial cost of diesel gensets has emerged as a challenge for the Philippines Diesel Genset Market. Furthermore, the environmental concerns surrounding diesel generators' emissions has become a hurdle in their adoption. The country's push toward renewable energy sources have led to the rise of green energy options, which may imply tougher competition and more stringent regulations.
To promote the country's economic development and improve energy access and security, the government of Philippines has implemented several initiatives such as the National Rural Electrification Program (NREP). The NREP aims to bring electricity to rural households through a two-pronged approach focused on grid extension and standalone systems or off-grid solutions. The government has also implemented policies to promote distributed energy systems, such as solar power, to support the country's clean energy goals.
Some of the major players in the Diesel Genset Market in the Philippines include Cummins, MTU Onsite Energy, Caterpillar, GE Energy, and Kohler. These players are expanding their businesses in the country by establishing partnerships with local companies, offering customized solutions and investing in research and development activities.
The Philippines diesel genset Industry is classified by the kVA rating, which is a critical factor when selecting a diesel genset for specific applications. The 5 kVA - 75 kVA segment is expected to remain the dominant segment in the market, as they provide backup power to residential areas, small offices and shops, and small businesses. With more businesses and households depending on reliable power sources, this segment will inevitably continue to increase as the economy grows.
Diesel gensets in the Philippines are classified by applications, including residential, commercial, industrial, and transportation & public infrastructure. Residential applications dominate the market and are expected to continue growing, as more people in the Philippines are buying homes that require a reliable backup power source and this factor will remarkably lead to increase in Philippines Diesel Genset Market Share.
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 Philippines Diesel Genset Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Diesel Genset Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Diesel Genset Market- Industry Life Cycle |
3.4 Philippines Diesel Genset Market- Porter's Five Forces |
3.5 Philippines Diesel Genset Market Revenues & Volume Share, By KVA rating , 2021 & 2031F |
3.6 Philippines Diesel Genset Market Revenues & Volume Share, By Application 2021 & 2031F |
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, By KVA Ratings |
6.1 Philippines Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2021 & 2031F |
6.2 Philippines Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2021 & 2031F |
6.3 Philippines Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2021 & 2031F |
6.3 Philippines Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2021 & 2031F |
6.3 Philippines Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2021 & 2031F |
7 Philippines Diesel Genset Market, By Application |
7.1 Philippines Diesel Genset Market Revenues & Volume, By Residential, 2021 & 2031F |
7.2 Philippines Diesel Genset Market Revenues & Volume, By Commercial, 2021 & 2031F |
7.3 Philippines Diesel Genset Market Revenues & Volume, By Industrial, 2021 & 2031F |
7.3 Philippines Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2021 & 2031F |
8 Philippines Diesel Genset Market Import-Export Trade Statistics |
8.1 Philippines Diesel Genset Market Export to Major Countries |
8.2 Philippines Diesel Genset Market Imports from Major Countries |
9 Philippines Diesel Genset Market Key Performance Indicators |
10 Philippines Diesel Genset Market- Opportunity Assessment |
10.1 Philippines Diesel Genset Market Opportunity Assessment, By KVA rating , 2031 |
10.2 Philippines Diesel Genset Market Opportunity Assessment, By Application, 2031 |
11 Philippines Diesel Genset Market- Competitive Landscape |
11.1 Philippines Diesel Genset Market Revenue Share, By Companies, 2024 |
11.2 Philippines 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, 750.1 kVA-1000 kVA And Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure) and Competitive Landscape.
Product Code: ETC001316 | Publication Date: Dec 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Philippines diesel Genset market is anticipated to grow over the coming years on account of the expansion of public infrastructure, the establishment of new industries as well as a growing number of hotels in the country. Further, the development of the healthcare and hospitality sectors owing to an increase in medical tourism in the country would generate demand for diesel Gensets during the forecast period.
According to 6Wresearch, The Philippines Diesel Genset Market size is projected to grow at a CAGR of 3.5% during 2019-2025. The establishment of BPOs of several global companies is accelerating the growth of commercial activity in the region, resulting in high usage of diesel gen-sets in the Philippines as a backup source of power. The growth of transportation infrastructure in the Manila and Luzon islands of the Philippines along with an increase in the energy demand. The commercial and industrial sectors account for the highest Philippines diesel Genset market share and are expected to maintain their dominance in the future.
The growth in the tourism sector of the country is expected to aid the development of the commercial sector as well and is expected to receive heavy investment in the near future. In addition, the Philippines has more than 50 hotels under construction with opportunities of nearly 10,000 rooms around the country. This is expected to further contribute to the growing demand for a diesel generator in the country.
The Philippines diesel Generator market report comprehensively covers the Philippines diesel Generator market by kVA rating and applications. The Philippines diesel Genset market outlook report provides an unbiased and detailed analysis of the Philippines diesel Genset market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to decide and align their market strategies accordingly to the current and future market dynamics.
Key Highlights of the Report:
Philippines Diesel Genset Market Report Covered:
The report provides a detailed analysis of the following market segments: