Philippines Diesel Genset Market (2018-2024): Forecast by kVA Rating, Applications, Regions and Competitive Landscape - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Philippines Diesel Genset Market (2018-2024): Market Forecast by kVA Rating, by Applications, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
Philippines Diesel Genset Market is projected to grow at a CAGR of 3.3% during 2018-2024.
Increasing foreign investment and strengthening of infrastructure backed by government ‘Build, Build, Build’ program will drive the market for the diesel gensets in the country.
Additionally, Philippines government has planned to increase the electrification rate of the country and in order to attain the goal, diesel gensets are being used for generation of electricity which would further escalate the growth of diesel genset market during the forecast period.
The demand and supply gap in electricity is one of the major reasons resulting in high usage of diesel gensets in Philippines. The growth of transportation infrastructure in Manila and Luzon islands of Philippines along with increase in the electricity demand, especially from the commercial and industrial sectors would further increase the demand for diesel gensets as an auxiliary source of power over the coming years.
The growth in the tourism sector of the country is expected to aid the development in the commercial sector as well, the latter of which is expected to receive heavy investment in near future. In addition, 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 growth of diesel gensets in the country.
By kVA Ratings:5kVA - 30kVA 30.1kVA - 75kVA 75.1kVA - 375kVA 375.1kVA - 750kVA 750.1kVA - 1000kVA Above 1000kVA
By Applications:Residential Hospitality Commercial Healthcare Retail Manufacturing Oil & Gas Power Utilities Infrastructure & Transportation Others (Educational Institutions, BFSI, Social Infrastructure, Government Buildings etc.)
By Regions:Luzon Visayas Mindanao
Companies ProfiledCaterpillar Inc. Cummins Inc. Denyo United Machinery Pte. Ltd. Deutz Asia-pacific (Pte.) Ltd. FG Wilson Asia Pte Ltd. Kohler Power Systems Komatsu Ltd. Mitsubishi Heavy Industries Engine System Asia Pte. Ltd. MTU Asia Pte Ltd. Perkins Engines Co. Ltd.
Key Topics Covered
1. Executive Summary
3. Philippines Diesel Genset Market Overview
4. Philippines Diesel Genset Market Dynamics
5. Philippines Diesel Genset Market Trends
6. Philippines Diesel Genset Market Overview, By kVA Rating
7. Philippines Diesel Genset Price Trend, By kVA Rating, 2014-2024F
8. Philippines Diesel Genset Market Overview, By Applications
9. Philippines Diesel Genset Market Overview, By Regions
10. Philippines Diesel Genset Market Key Performance Indicators
11. Philippines Diesel Genset Market Import - Export Statistics
12. Philippines Diesel Genset Market Opportunity Assessment
13. Philippines Diesel Genset Market Competitive Landscape
14. Company Profiles
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/research/7vklxq/philippines?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005378/en/
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KEYWORD: ASIA PACIFIC PHILIPPINES
INDUSTRY KEYWORD: ENERGY OIL/GAS CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/06/2018 06:44 AM/DISC: 12/06/2018 06:44 AM