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: ETC000614 | 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 | |
Turkmenistan 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.
Turkmenistan Diesel Genset Market is expected to grow in the forecast period mainly due to robust infrastructure and growing power demand. In a country where electricity remains a crucial aspect of daily life and business operations, diesel gensets are becoming increasingly popular as the primary backup power source. The Turkmenistan diesel genset market is one of the fastest-growing power sectors in the country, fuelled by a surge in demand for reliable and continuous power supply. Diesel gensets are used to provide backup power in Turkmenistan due to a lack of reliable electricity access in some parts of the nation. With increasing power shortages and outages, people and businesses are investing heavily in diesel gensets for a reliable power source
According to 6Wresearch, the Turkmenistan Diesel Genset Market size is projected to grow at the CAGR of 6 % during the forecast period of 2025-2031. The diesel genset market in Turkmenistan is driven by the increasing demand for reliable backup power. Power outages are frequent in Turkmenistan, and this has led to an increased demand for diesel gensets. Additionally, the growth of the telecom industry in Turkmenistan has also contributed to the growth of the diesel genset market. Telecom towers require a constant and reliable source of power, and diesel gensets are the perfect solution. Finally, the expansion of the oil and gas sector in Turkmenistan has also created a need for backup power, as well as for primary power in remote locations. One of the major challenges facing the Diesel Genset Market in Turkmenistan is the lack of reliable data on the market. This makes it difficult for companies to make informed decisions about investing in the market. Additionally, there is intense competition in the market, as numerous players are trying to capture a share of the market. This has led to a price war, with some companies offering lower prices to attract customers. Finally, the lack of skilled technicians and service providers in Turkmenistan is also a challenge, as it can be difficult to find qualified people to install and maintain diesel gensets. Lack of awareness among the population about the importance of diesel gensets and their reliance on traditional sources of electricity remains a hindrance to generate Proper incentivization to suitably address the design and manufacture of cleaner and more efficient gensets is a challenge that needs to be overcome as well.
The Turkmenistan government has instituted several measures to support the Turkmenistan Diesel Genset Market Growth, including financing for small and medium enterprises and funding for research and development. The government also aims to reduce the reliance on traditional energy sources in an effort to promote clean energy, which is in line with its global environmental commitments. As part of the effort, the Turkmenistan government is incentivizing renewable sources of energy and enhancing energy security while utilizing diesel genset for standalone engine purposes.
The key players operating in the Turkmenistan diesel genset Industry include Cummins Power Generation, Caterpillar, MTU Onsite Energy, Yanmar Energy, Wärtsilä, Mitsubishi Heavy Industries, among others. These companies offer different types and sizes of diesel gensets adapted to suit the varying needs of industrial, commercial and domestic power consumption.
According to Ravi Bhandari, Research Head, 6Wresearch, the Turkmenistan diesel genset market is segmented by kVA ratings into five categories. The 375.1 kVA - 750 kVA segment is expected to grow at the highest rate during the forecast period. The growth of this segment can be attributed to the expansion of the industrial sector in Turkmenistan since these generators offer efficient power solutions to support industrial activities.
The Turkmenistan diesel genset market is divided into four categories based on application. The commercial sector dominates the market by application since it includes banks, hospitals, and IT industries that require uninterrupted power supply to function. It is estimated that the commercial segment will have the highest growth rate during the forecast period and will give rise to Turkmenistan Diesel Genset Market Share. The transportation and public infrastructure segment are also expected to experience significant growth in the Turkmenistan diesel genset market since it is essential for operations in the airport, railways, and seaport. In addition, the government has taken steps to strengthen the transportation infrastructure, which will result in increased demand for diesel gensets.
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 Turkmenistan Diesel Genset Market Overview |
3.1 Turkmenistan Country Macro Economic Indicators |
3.2 Turkmenistan Diesel Genset Market Revenues & Volume, 2021 & 2031F |
3.3 Turkmenistan Diesel Genset Market- Industry Life Cycle |
3.4 Turkmenistan Diesel Genset Market- Porter's Five Forces |
3.5 Turkmenistan Diesel Genset Market Revenues & Volume Share, By KVA rating , 2024 & 2031F |
3.6 Turkmenistan Diesel Genset Market Revenues & Volume Share, By Application 2024 & 2031F |
4 Turkmenistan Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Turkmenistan Diesel Genset Market Trends |
6. Turkmenistan Diesel Genset Market, By KVA Ratings |
6.1 Turkmenistan Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2021 & 2031F |
6.2 Turkmenistan Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2021 & 2031F |
6.3 Turkmenistan Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2021 & 2031F |
6.3 Turkmenistan Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2021 & 2031F |
6.3 Turkmenistan Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2021 & 2031F |
7 Turkmenistan Diesel Genset Market, By Application |
7.1 Turkmenistan Diesel Genset Market Revenues & Volume, By Residential, 2021 & 2031F |
7.2 Turkmenistan Diesel Genset Market Revenues & Volume, By Commercial, 2021 & 2031F |
7.3 Turkmenistan Diesel Genset Market Revenues & Volume, By Industrial, 2021 & 2031F |
7.3 Turkmenistan Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2021 & 2031F |
8 Turkmenistan Diesel Genset Market Import-Export Trade Statistics |
8.1 Turkmenistan Diesel Genset Market Export to Major Countries |
8.2 Turkmenistan Diesel Genset Market Imports from Major Countries |
9 Turkmenistan Diesel Genset Market Key Performance Indicators |
10 Turkmenistan Diesel Genset Market- Opportunity Assessment |
10.1 Turkmenistan Diesel Genset Market Opportunity Assessment, By KVA rating , 2031 |
10.2 Turkmenistan Diesel Genset Market Opportunity Assessment, By Application, 2031 |
11 Turkmenistan Diesel Genset Market- Competitive Landscape |
11.1 Turkmenistan Diesel Genset Market Revenue Share, By Companies, 2024 |
11.2 Turkmenistan Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
Market Forecast By kVA Rating (Below 30 kVA, 30.1-60 kVA, 60.1-150 kVA, 150.1-300 kVA, 300.1-500 kVA and Above 500 kVA), By Applications (Residential, Commercial, Industrial and Infrastructural) and Competitive Landscape
Product Code: ETC000614 | Publication Date: Jul 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 90 | No. of Figures: 28 | |
Turkmenistan Diesel Genset Market has seen the latest developments that include the latest compact, reliable, high-performance diesel engines and gensets that are specially designed to meet the high demands and extreme conditions found on offshore platforms in the oil & gas industry, particularly in areas where safety is the top priority. Recently, considering the awareness towards the greenhouse effect, noxious nitrous oxide (NOx) fumes are subjected to emission treatments like the Exhaust Gas Recirculation (EGR) and Selective Catalytic Reduction (SCR) to minimize emissions in various ways. The government is also promoting the development of highly efficient gensets that can satisfy the energy needs in hospitals and can also act as backup power sources.
The diesel generator market of Turkmenistan is expected to witness modest growth over the next six years on account of slow growth in the upcoming government and commercial sector projects. However, the market would be supported by growing investment in the construction sector of Turkmenistan.
According to 6Wresearch, Turkmenistan diesel genset market size is projected to grow at a CAGR of 2.1% during 2019-25. Diesel gensets with ratings above 500 kVA acquired the majority of the revenue share in the overall diesel genset market in the country on account of extensive deployment of such gensets across domains such as manufacturing, oil & gas and the power sector. Furthermore, an increase in investment across such sectors would further fuel the demand for the same in future.
Growing commercial sector on account of increasing investment in the non-oil sector of the country would increase the demand for gensets owing to the rising demand for auxiliary and power backup solutions in their respective domain. Some of the key players in the Turkmenistan diesel genset market include Atlas Copco and other Chinese and Turkish brands.
The Turkmenistan diesel genset market report comprehensively covers the market by kVA ratings and applications. Turkmenistan diesel genset market outlook report provides an unbiased and detailed analysis of Turkmenistan diesel genset market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
• Turkmenistan Diesel Genset Market Overview
• Turkmenistan Diesel Genset Market Outlook
• Turkmenistan Diesel Genset Market Forecast
• Turkmenistan Diesel Genset Market Share, By Applications
• Turkmenistan Diesel Genset Market Size and Turkmenistan Diesel Genset Market Forecast, Until 2025.
• Historical Data of Global Diesel Genset Market Revenues & Volume for the Period 2013-2018.
• Market Size & Forecast of Global Diesel Genset Market Revenues & Volume until 2025F.
• Historical Data of Turkmenistan Diesel Genset Market Revenues & Volume for the Period 2013-2018.
• Market Size & Forecast of Turkmenistan Diesel Genset Market Revenues & Volume until 2025F.
• Historical Data of Turkmenistan Diesel Genset Market Revenues & Volume for the Period 2013-2018, By kVA Rating.
• Market Size & Forecast of Turkmenistan Diesel Genset Market Revenues & Volume until 2025F, By kVA Rating.
• Historical Data of Turkmenistan Diesel Genset Market Revenues & Volume for the Period 2013-2018, By Applications.
• Market Size & Forecast of Turkmenistan Diesel Genset Market Revenues & Volume until 2025F, By Applications.
• Turkmenistan Diesel Genset Market Drivers and Restraints
• Turkmenistan Diesel Genset Market Trends and Industry Life Cycle
• Turkmenistan Diesel Genset Market Porter’s Five Force Analysis
• Turkmenistan Diesel Genset Market Opportunity Assessment
• Turkmenistan Diesel Genset Market Share, By Players
• Turkmenistan Diesel Genset Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations
The Turkmenistan diesel genset market report provides a detailed analysis of the following market segments: