6wresearch logo

Vietnam Diesel Genset Market (2016-2022)-6Wresearch

September 21, 2016

Developing public infrastructure, growing demand for power in urban and off-grid areas, increasing power needs for the industrial sector as well as booming healthcare and hospitality sectors are the key factors which are driving the market for diesel gensets in Vietnam.

According to 6Wresearch, Vietnam Diesel Genset Market is projected to grow at a CAGR of 5.49% during 2016-22. The market for diesel genset witnessed slow growth during 2012-13 due to slowdown in FDI and construction activities on account of increasing bad debt in Vietnam which kept investors at bay. However, during the forecast period, the market for diesel genset in Vietnam is expected to surge owing to the new investment favorable policies and growing industrial & manufacturing sectors.

According to Ravi Bhandari, Research Analyst, 6Wresearch, "Small and medium rating (up to 750KVA) diesel gensets have captured major market share both in terms of revenue and volume. Further, this trend is likely to continue throughout the forecast period. Changing Government policies along with growing public infrastructures such as railways, airports and metros have led for the growth of diesel genset market in Vietnam".

"Electronic industry is one of the fastest growing industries in Vietnam. Additionally, electronic industry is expected to grow further over the next six years as a result of huge investments done by global giants such as Samsung, Intel, LG and Panasonic."

According to Prakhar Srivastava, Research Associate, Research and Consulting, 6Wresearch, "The industrial vertical is a key contributing vertical in the overall Vietnam's diesel genset market. Also, the hospitality, retail and construction segments are likely to fuel the demand for diesel gensets owing to expected investments in these segments".

"Global players such as Cummins, Mitsubishi and Caterpillar are facing stringent competition from the domestic and Chinese manufacturers, primarily in the low KVA segment due to their low pricing", Prakhar concluded.

Some of the major companies in the Vietnam Diesel genset market include- Cummins, Caterpillar, MTU, Mitsubishi, Komatsu and Denyo.

"Vietnam Diesel Genset Market (2016-2022)" provides in-depth analysis with 53 figures and 20 tables covered in more than 130 pages. The report estimates and forecast the overall Vietnam diesel genset market by revenues, volume, KVA rating of diesel gensets and applications such as commercial, industrial and residential as well as by regions. The report also provides insights on the competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

Media Source: Open PR

      Browse More Report

India Diesel Genset Market (2017-2023)

Market Forecast By KVA Rating (5-75 KVA, 75.1-375 KVA, 375.1-750 KVA, 750.1-1000 KVA, 1000.1-2000 KVA and above 2000 KVA), Verticals (Commercial and Industrial), Regions (Northern, Western, Southern, Eastern & North Eastern) and Competitive Landscape

Read More

Saudi Arabia Electric Drives Market (2017-2023)

Market Forecast by Types (AC Drives and DC Drives), Voltage (Low Voltage Drives (< 1 KV) and Medium Voltage Drives (1 KV & Above)), Power (Low Power Drives (< 40 kW), Medium Power Drives (41 – 200 kW) and High Power Drives (> 200 kW))...

Read More

UAE Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast by Types (Fire Fighting Systems and Equipment (Fire Extinguishers (CO2, Dry Chemical, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Detection and Alarm Systems and Equipment (Smoke Detectors, Heat Detectors, Gas Detectors, Flame Detectors...

Read More

India Solid State Drive (SSD) Market (2017-2023)

Market Forecast by Technology (SLC,MLC and TLC), Interface Type (SATA II, SATA III, PCIe/ NVMe, SAS 6GB/s and SAS 12GB/s), Application (Client and Enterprise) and Competitive Landscape

Read More

Saudi Arabia Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast By Types (Clean Agent, CO2, Wet Chemical & Dry Chemical), Verticals (Residential, Commercial, Industrial, Hospitality, Retail and Oil & Gas), Regions (Eastern, Western, Central & Southern) and Competitive Landscape

Read More

Qatar Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast by Types (Fire Suppression Systems & Equipment, Fire Detection System & Equipment & Other Fire Safety Systems & Equipment), Verticals (Residential, Commercial, Industrial, Hospitality, Retail and Oil & Gas)...

Read More

Europe Energy Storage Systems Market (2017–2023)

Market Forecast By Technology (Electro-Chemical Energy, Mechanical Energy, Thermal (Molten Salt) and Others), Applications (Residential, Power Utilities, Commercial & Industrial and Transportation) and Countries (Germany, France, Spain, United Kingdom, Italy and Rest of Europe)

Read More

India Video Surveillance as a Service Market (2017-2023)

Market Forecast By Service Types (Hosted, Managed & Hybrid), Verticals (Government & Transportation, Retail, Commercial, Hospitality & Healthcare, Residential and Industrial...

Read More

India Building Automation and Control Market (2017-23)

Market Forecast by Types (Relay, Sensors & Dimming & Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others)

Read More


Our Key Clients
6wreserach client list