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: ETC001312 | 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 | |
Cambodia Diesel Genset market currently, in 2023, has witnessed an HHI of 6580, Which has increased moderately as compared to the HHI of 3640 in 2017. The market is moving towards Highly 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.
Cambodia 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.
Cambodia Diesel Genset Market is projected to grow in the forecast period as Cambodia is one of the fastest-growing economies in Southeast Asia. With its booming construction sector, rising tourism industry, and increasing urbanization, the country is experiencing a surge in demand for reliable and efficient power supply. In this scenario, diesel gensets have emerged as a cost-effective and practical solution to meet the country's energy needs. Diesel gensets have become a significant part of Cambodia's power generation mix. In a country where approximately 22% of its population still lacks access to electricity, diesel gensets play a critical role in ensuring access to power. The Cambodia diesel genset market has evolved significantly in recent years, driven by increased demand from industries, residential, commercial, and public segments.
According to 6Wresearch, the Cambodia Diesel Genset Market size is projected to grow at the CAGR of 5.88 % during the forecast period of 2025-2031. One of the primary drivers of the Cambodia diesel genset market is the country's insufficient power infrastructure. Cambodia currently has an installed capacity of around 2,200 MW, which is not enough to meet the growing demand for electricity. Diesel gensets are being widely adopted as a back-up power solution in industries, commercial establishments, and residential buildings. In addition, the country's fast-growing construction sector is a key driver of diesel genset demand. Construction projects require reliable power supply for lighting, electric tools, and machinery, which is not always available from the grid. Despite the growing demand for diesel gensets, the market faces several challenges. The Cambodia Diesel Genset Industry is driven by various factors. One of the main drivers is the country's rapid industrialization and urbanization rates, which have increased commercial and residential demand for consistent power. Additionally, Cambodia's energy mix is predominantly dependent on hydropower, and diesel gensets serve as a backup power source. The rapid growth of the construction industry, the demand for data centers, and the increasing adoption of renewable energy sources such as solar and wind power also act as key drivers. One of the major challenges is the high cost of diesel fuel in the country. The diesel prices in Cambodia are relatively high, which makes diesel gensets more expensive to operate than other types of generators. Also, the lack of awareness about the benefits and usage of diesel gensets is hindering market growth and this has led to reduction in Cambodia Diesel Genset Market Share. The majority of people in Cambodia are not fully aware of the importance of power backups and rely solely on the grid power supply. In addition, the lack of skilled technicians to operate and maintain diesel gensets is another challenge to the market.
The Cambodian government is taking several measures to support the Diesel Genset Market in Cambodia. In 2015, the government introduced the Energy Efficiency and Conservation Strategy, aimed at reducing the country's dependence on imported fuels and promoting the adoption of clean energy solutions. The government has also provided tax incentives to companies investing in renewable energy and energy efficiency projects. Furthermore, the government has undertaken several initiatives to enhance the country's power infrastructure, such as the construction of new power plants, upgrading transmission and distribution systems, and extending the grid coverage to rural areas.
The Cambodia diesel genset market is relatively fragmented, with several global and domestic players competing for market share. Caterpillar Inc., Cummins Inc., Kohler Co., and MTU Onsite Energy are some of the major players operating in the market. Domestic companies such as TEC Gen, Emtek, and Lorsora are responsible for Cambodia Diesel Genset Market Growth. These players are focused on developing innovative and cost-efficient gensets to cater to the market's needs.
The segment that is expected to grow rapidly is the 75.1 kVA – 375 kVA segment. This is primarily due to an increase in the construction industry, which requires reliable power supply for smooth operations and progress. The segment is also expected to grow due to a growth in commercial and industrial activities, which require more power to cater to their energy needs.
According to Dhaval, Research Manager, 6Wresearch, the diesel genset market in Cambodia can also be segmented by applications, with four main categories: residential, commercial, industrial, and transportation & public infrastructure. The commercial section is expected to lead the market. This can be accredited to the extensive use of diesel gensets in businesses, such as retail stores, restaurants, and hotels, among others. The transportation & public infrastructure segment is also expected to grow in the coming years, driven by an increase in demand for public transportation facilities and other infrastructure facilities, such as hospitals and government structures.
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 Cambodia Diesel Genset Market Overview |
3.1 Cambodia Country Macro Economic Indicators |
3.2 Cambodia Diesel Genset Market Revenues & Volume, 2021 & 2031F |
3.3 Cambodia Diesel Genset Market- Industry Life Cycle |
3.4 Cambodia Diesel Genset Market- Porter's Five Forces |
3.5 Cambodia Diesel Genset Market Revenues & Volume Share, By KVA rating , 2021 & 2031F |
3.6 Cambodia Diesel Genset Market Revenues & Volume Share, By Application 2021 & 2031F |
4 Cambodia Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cambodia Diesel Genset Market Trends |
6. Cambodia Diesel Genset Market, By KVA Ratings |
6.1 Cambodia Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2021 & 2031F |
6.2 Cambodia Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2021 & 2031F |
6.3 Cambodia Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2021 & 2031F |
6.3 Cambodia Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2021 & 2031F |
6.3 Cambodia Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2021 & 2031F |
7 Cambodia Diesel Genset Market, By Application |
7.1 Cambodia Diesel Genset Market Revenues & Volume, By Residential, 2021 & 2031F |
7.2 Cambodia Diesel Genset Market Revenues & Volume, By Commercial, 2021 & 2031F |
7.3 Cambodia Diesel Genset Market Revenues & Volume, By Industrial, 2021 & 2031F |
7.3 Cambodia Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2021 & 2031F |
8 Cambodia Diesel Genset Market Import-Export Trade Statistics |
8.1 Cambodia Diesel Genset Market Export to Major Countries |
8.2 Cambodia Diesel Genset Market Imports from Major Countries |
9 Cambodia Diesel Genset Market Key Performance Indicators |
10 Cambodia Diesel Genset Market- Opportunity Assessment |
10.1 Cambodia Diesel Genset Market Opportunity Assessment, By KVA rating , 2031 |
10.2 Cambodia Diesel Genset Market Opportunity Assessment, By Application, 2031 |
11 Cambodia Diesel Genset Market- Competitive Landscape |
11.1 Cambodia Diesel Genset Market Revenue Share, By Companies, 2024 |
11.2 Cambodia 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: ETC001312 | Publication Date: Oct 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 3 |
Cambodia Diesel Genset Market is anticipated to gain strong growth projections in the coming years. Deeper penetration and internet-related services along with the era of globalization are expected to be another growth proliferating factor for the growth of the global Software-defined wide Area Network market in the impending period. Also, the impressive growth of the IT industry in the developing economies across the globe is anticipated to be of great importance for the growth of the software-defined wide area network across the globe and provide the potential industrialists and to be investors of the market to seek high business growth potential by induced investments in the cloud-based industrial landscape in the forthcoming years.
Cambodia Diesel Genset market is forecast to witness healthy growth over the coming years on account of several upcoming projects such as the expansion of public infrastructure, the establishment of new industries as well as a growing number of SMEs. Further, the development of the construction, manufacturing, and telecom sector of the country along with rising FDI in the commercial sector would generate more demand for diesel gensets over the coming years.
According to 6Wresearch, the Cambodia Diesel Genset Market size is projected to grow at a CAGR of 3.2% during 2019-25. The demand and supply gap of electricity is one of the major reasons which have led to the high usage of diesel gen-sets in Cambodia. The development of infrastructure in the Southern region would lead to the highest Cambodia diesel Genset market share in the future. Additionally, an increase in the energy demand, especially from the commercial and residential sectors, would increase the growth of the diesel Genset market as an auxiliary source of power at times of no grid supply.
Electricity prices in Cambodia are higher in comparison to the other South-East Asian countries due to a shortage of integrated electricity transmission infrastructure. Such disruptions in the power supply have created significant demand for diesel gensets in Cambodia. Diesel gensets are also used as a primary source of power, majorly in power plants and in rural areas not served by public utilities.
The Cambodia diesel Genset market report comprehensively covers the market by kVA rating and applications. The Cambodia diesel Genset market outlook report provides an unbiased and detailed analysis of the Cambodia 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.
Cambodia Diesel Genset Market is projected to witness substantial growth in the coming timeframe owing to the increasing progressive growth of the manufacturing sector. The increase in the manufacturing of the garments and footwear with the increasing domestic use and export practices, therefore the growth of the diesel Genset is growing in the manufacturing sector to power the machinery in an emergency at times of power outages and is estimated to benefit the growth of the Cambodia Diesel Genset market in the coming timeframe.
Key Highlights of the Report:
Cambodia Diesel Genset Market Report Covered:
The report provides a detailed analysis of the following market segments: