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PUBLISHER: Prescient & Strategic Intelligence Private Limited | PRODUCT CODE: 1121734

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PUBLISHER: Prescient & Strategic Intelligence Private Limited | PRODUCT CODE: 1121734

Vietnam Diesel Generator Set Market Growth and Analysis Report by Power Rating (5-75kVA, 76-375 kVA, 376-750 kVA, Above 750 kVA), Application (Commercial, Industrial, Residential) - Industry Size Forecast to 2030

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According to the latest study published by P&S Intelligence, the Vietnam diesel generator set market accounted for an around $109 million value in 2021, which is on the track to hitting $150 million by 2030, at a 3.6% CAGR between 2021 and 2030. The construction of SEZs, smart cities, state and national roadways, and metro networks, as well as the rising electricity demand, is expected to boost the industry.

Electricity is essential for a country's economic development, but Vietnam lacks a functional grid infrastructure, which results in an insufficient power supply. This interferes with the functioning of both residential and commercial places, as a result of which, the Vietnam diesel generator set market is expected to grow in the coming years.

Moreover, as per NhanDan, in accordance with a plan of the Ministry of Construction, the Vietnamese government wants to increase the average housing space for every person to 27 square meters by 2025 and 30 square meters by 2030. The government will also prioritize creating smart and eco-friendly buildings and renovating aging apartment buildings during this decade.

Advancing Manufacturing Sector Is Driving Genset Demand in Vietnam

Vietnam's economy has remained strong due to the exceptional growth of its manufacturing sector. Vietnam's domestic manufacturing sector contributed more than 25% to its overall GDP in 2021.

Owing to its extensive network of railheads, airports, seaports, and highways, the country has a huge potential for attracting overseas industrial firms. Thus, the requirement for power is growing as this industry booms. Owing to this, the need for diesel generator sets is increasing across the nation to fulfill the demand for power during grid outages.

Demand for 5-75-kVA Generators Will Grow at Highest CAGR

Based on power rating, 5-75-kVA variants are predicted to experience the highest Vietnam diesel generator set market CAGR, of 4.2%, to produce $26.6 million revenue by 2030. Due to the increasing concerns about power instability in homes brought on by natural disasters, these generators are widely used in the residential sector.

Industrial Sector Holds Largest Market Share

The industrial sector holds the largest share in the Vietnam diesel generator set market, and this category will grow at a CAGR of 3.5% during the forecast period. Vietnam's relatively large and well-educated labor base makes it a viable industrial location. The government also provides assistance to companies that supply components, spare parts, and raw materials to industries including automotive, IT, leather, electronics, and apparel and textiles.

Product Code: 12391

Table of Contents

Chapter 1. Research Background

  • 1.1 Research Objectives
  • 1.2 Market Definition
  • 1.3 Analysis Period
  • 1.4 Market Size Breakdown by Segment
    • 1.4.1 Market Segmentation by Power Rating
    • 1.4.2 Market Segmentation by Application
  • 1.5 Market Data Reporting Unit
    • 1.5.1 Volume
    • 1.5.2 Value
  • 1.6 Key Stakeholders

Chapter 2. Research Methodology

  • 2.1 Secondary Research
    • 2.1.1 Paid
    • 2.1.2 Unpaid
    • 2.1.3 P&S Intelligence Database
  • 2.2 Primary Research
    • 2.2.1 Breakdown of Primary Research, by Industry Participant
    • 2.2.2 Breakdown of Primary Research, by Designation
  • 2.3 Market Size Estimation
  • 2.4 Data Triangulation
  • 2.5 Currency Conversion Rates
  • 2.6 Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Industry Outlook

  • 4.1 Definition of Market Segments
    • 4.1.1 By Power Rating
        • 4.1.1.1 5-75 kVA
        • 4.1.1.2 76-375 kVA
        • 4.1.1.3 376-750 kVA
      • 4.1.1.4 Above 750 kVA
    • 4.1.2 By Application
      • 4.1.2.1 Commercial
        • 4.1.2.1.1 Retail establishments
        • 4.1.2.1.2 Offices
        • 4.1.2.1.3 Telecom towers
        • 4.1.2.1.4 Hospitals
        • 4.1.2.1.5 Hotels
        • 4.1.2.1.6 Others
      • 4.1.2.2 Industrial
        • 4.1.2.2.1 Manufacturing
        • 4.1.2.2.2 Energy & power
        • 4.1.2.2.3 Others
      • 4.1.2.3 Residential
  • 4.2 Market Dynamics
    • 4.2.1 Trends
      • 4.2.1.1 Privatization of power plants
    • 4.2.2 Drivers
      • 4.2.2.1 Increasing sales of properties
      • 4.2.2.2 Growing manufacturing sector
    • 4.2.3 Impact Analysis of Drivers on Market Forecast
    • 4.2.4 Restraints
      • 4.2.4.1 Increasing penetration of renewable sources
    • 4.2.5 Impact Analysis of Restraints on Market Forecast
  • 4.3 Impact of COVID-19
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Buyers
    • 4.4.2 Bargaining Power of Suppliers
    • 4.4.3 Intensity of Rivalry
    • 4.4.4 Threat of New Entrants
    • 4.4.5 Threat of Substitutes

Chapter 5. Vietnam Market Size and Forecast

  • 5.1 Overview
  • 5.2 Market Volume, by Power Rating (2017-2030)
  • 5.3 Market Revenue, by Power Rating (2017-2030)
  • 5.4 Market Volume, by Application (2017-2030)
    • 5.4.1 Commercial Market Volume, by User
    • 5.4.2 Commercial Market Volume, by Power Rating
    • 5.4.3 Industrial Market Volume, by User
    • 5.4.4 Industrial Market Volume, by Power Rating
  • 5.5 Market Revenue, by Application (2017-2030)
    • 5.5.1 Commercial Market Revenue, by User
    • 5.5.2 Commercial Market Revenue, by Power Rating
    • 5.5.3 Industrial Market Revenue, by User
    • 5.5.4 Industrial Market Revenue, by Power Rating

Chapter 6. Competitive Landscape

  • 6.1 List of Market Players and Their Offerings
  • 6.2 Market Share Analysis of Key Players
  • 6.3 Recent Strategic Developments of Key Players

Chapter 7. Company Profiles

  • 7.1 Cummins Inc.
    • 7.1.1 Business Overview
    • 7.1.2 Product and Service Offerings
    • 7.1.3 Key Financial Summary
  • 7.2 Atlas Copco AB
    • 7.2.1 Business Overview
    • 7.2.2 Product and Service Offerings
    • 7.2.3 Key Financial Summary
  • 7.3 Mitsubishi Heavy Industries Ltd.
    • 7.3.1 Business Overview
    • 7.3.2 Product and Service Offering
    • 7.3.3 Key Financial Summary
  • 7.4 Caterpillar Inc.
    • 7.4.1 Business Overview
    • 7.4.2 Product and Service Offerings
    • 7.4.3 Key Financial Summary
  • 7.5 Denyo Co. Ltd.
    • 7.5.1 Business Overview
    • 7.5.2 Product and Service Offerings
    • 7.5.3 Key Financial Summary
  • 7.6 Changzhou ITC Power Equipment Manufacturing Co. Ltd.
    • 7.6.1 Business Overview
    • 7.6.2 Product and Service Offerings
  • 7.7 Yanmar Holdings Co. Ltd.
    • 7.7.1 Business Overview
    • 7.7.2 Product and Service Offerings
    • 7.7.3 Key Financial Summary
  • 7.8 Huu Toan Group Co. Ltd.
    • 7.8.1 Business Overview
    • 7.8.2 Product and Service Offerings
  • 7.9 Marubeni Heavy Equipment Co. Ltd.
    • 7.9.1 Business Overview
    • 7.9.2 Product and Service Offerings

Chapter 8. Appendix

  • 8.1 Abbreviations
  • 8.2 Sources and References
  • 8.3 Related Reports
Product Code: 12391

LIST OF TABLES

  • TABLE 1 ANALYSIS PERIOD OF THE STUDY
  • TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
  • TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
  • TABLE 4 VIETNAM DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2017-2021)
  • TABLE 5 VIETNAM DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2022-2026)
  • TABLE 6 VIETNAM DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2027-2030)
  • TABLE 7 VIETNAM DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2017-2021)
  • TABLE 8 VIETNAM DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2022-2026)
  • TABLE 9 VIETNAM DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2027-2030)
  • TABLE 10 VIETNAM DIESEL GENSET MARKET VOLUME, BY APPLICATION, UNITS (2017-2021)
  • TABLE 11 VIETNAM DIESEL GENSET MARKET VOLUME, BY APPLICATION, UNITS (2022-2026)
  • TABLE 12 VIETNAM DIESEL GENSET MARKET VOLUME, BY APPLICATION, UNITS (2027-2030)
  • TABLE 13 VIETNAM COMMERCIAL DIESEL GENSET MARKET VOLUME, BY USER, UNITS (2017-2021)
  • TABLE 14 VIETNAM COMMERCIAL DIESEL GENSET MARKET VOLUME, BY USER, UNITS (2022-2026)
  • TABLE 15 VIETNAM COMMERCIAL DIESEL GENSET MARKET VOLUME, BY USER, UNITS (2027-2030)
  • TABLE 16 VIETNAM COMMERCIAL DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2017-2021)
  • TABLE 17 VIETNAM COMMERCIAL DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2022-2026)
  • TABLE 18 VIETNAM COMMERCIAL DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2027-2030)
  • TABLE 19 VIETNAM INDUSTRIAL DIESEL GENSET MARKET VOLUME, BY USER, UNITS (2017-2021)
  • TABLE 20 VIETNAM INDUSTRIAL DIESEL GENSET MARKET VOLUME, BY USER, UNITS (2022-2026)
  • TABLE 21 VIETNAM INDUSTRIAL DIESEL GENSET MARKET VOLUME, BY USER, UNITS (2027-2030)
  • TABLE 22 VIETNAM INDUSTRIAL DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2017-2021)
  • TABLE 23 VIETNAM INDUSTRIAL DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2022-2026)
  • TABLE 24 VIETNAM INDUSTRIAL DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2027-2030)
  • TABLE 25 VIETNAM DIESEL GENSET MARKET REVENUE, BY APPLICATION, $M (2017-2021)
  • TABLE 26 VIETNAM DIESEL GENSET MARKET REVENUE, BY APPLICATION, $M (2022-2026)
  • TABLE 27 VIETNAM DIESEL GENSET MARKET REVENUE, BY APPLICATION, $M (2027-2030)
  • TABLE 28 VIETNAM COMMERCIAL DIESEL GENSET MARKET REVENUE, BY USER, $M (2017-2021)
  • TABLE 29 VIETNAM COMMERCIAL DIESEL GENSET MARKET REVENUE, BY USER, $M (2022-2026)
  • TABLE 30 VIETNAM COMMERCIAL DIESEL GENSET MARKET REVENUE, BY USER, $M (2027-2030)
  • TABLE 31 VIETNAM COMMERCIAL DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2017-2021)
  • TABLE 32 VIETNAM COMMERCIAL DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2022-2026)
  • TABLE 33 VIETNAM COMMERCIAL DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2027-2030)
  • TABLE 34 VIETNAM INDUSTRIAL DIESEL GENSET MARKET REVENUE, BY USER, $M (2017-2021)
  • TABLE 35 VIETNAM INDUSTRIAL DIESEL GENSET MARKET REVENUE, BY USER, $M (2022-2026)
  • TABLE 36 VIETNAM INDUSTRIAL DIESEL GENSET MARKET REVENUE, BY USER, $M (2027-2030)
  • TABLE 37 VIETNAM INDUSTRIAL DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2017-2021)
  • TABLE 38 VIETNAM INDUSTRIAL DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2022-2026)
  • TABLE 39 VIETNAM INDUSTRIAL DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2027-2030)
  • TABLE 40 DIESEL GENSETS OFFERED BY MAJOR MARKET PLAYERS
  • TABLE 41 CUMMINS INC - AT A GLANCE
  • TABLE 42 CUMMINS INC - KEY FINANCIAL SUMMARY
  • TABLE 43 ATLAS COPCO AB - AT A GLANCE
  • TABLE 44 ATLAS COPCO AB - KEY FINANCIAL SUMMARY
  • TABLE 45 MITSUBISHI HEAVY INDUSTRIES LTD. - AT A GLANCE
  • TABLE 46 MITSUBISHI HEAVY INDUSTRIES LTD. - KEY FINANCIAL SUMMARY
  • TABLE 47 CATERPILLAR INC. - AT A GLANCE
  • TABLE 48 CATERPILLAR INC. - KEY FINANCIAL SUMMARY
  • TABLE 49 DENYO CO. LTD. - AT A GLANCE
  • TABLE 50 DENYO CO. LTD. - KEY FINANCIAL SUMMARY
  • TABLE 51 CHANGZHOU ITC POWER EQUIPMENT MANUFACTURING CO. LTD. - AT A GLANCE
  • TABLE 52 YANMAR HOLDINGS CO. LTD. - AT A GLANCE
  • TABLE 53 YANMAR HOLDINGS CO. LTD. - KEY FINANCIAL SUMMARY
  • TABLE 54 HUU TOAN GROUP CO. LTD. - AT A GLANCE
  • TABLE 55 MARUBENI HEAVY EQUIPMENT CO. LTD. - AT A GLANCE

LIST OF FIGURES

  • FIG 1 MARKET SIZE BREAKDOWN BY SEGMENT
  • FIG 2 RESEARCH METHODOLOGY
  • FIG 3 BREAKDOWN OF PRIMARY RESEARCH, BY INDUSTRY PARTICIPANT
  • FIG 4 BREAKDOWN OF PRIMARY RESEARCH, BY DESIGNATION
  • FIG 5 DATA TRIANGULATION APPROACH
  • FIG 6 VIETNAM DIESEL GENSET MARKET SUMMARY
  • FIG 7 BARGAINING POWER OF BUYERS
  • FIG 8 BARGAINING POWER OF SUPPLIERS
  • FIG 9 INTENSITY OF RIVALRY
  • FIG 10 THREAT OF NEW ENTRANTS
  • FIG 11 THREAT OF SUBSTITUTES
  • FIG 12 VIETNAM DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2017-2030)
  • FIG 13 VIETNAM DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2017-2030)
  • FIG 14 VIETNAM DIESEL GENSET MARKET VOLUME, BY APPLICATION, UNITS (2017-2030)
  • FIG 15 VIETNAM COMMERCIAL DIESEL GENSET MARKET VOLUME, BY USER, UNITS (2017-2030)
  • FIG 16 VIETNAM COMMERCIAL DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2017-2030)
  • FIG 17 VIETNAM INDUSTRIAL DIESEL GENSET MARKET VOLUME, BY USER, UNITS (2017-2030)
  • FIG 18 VIETNAM INDUSTRIAL DIESEL GENSET MARKET VOLUME, BY POWER RATING, UNITS (2017-2030)
  • FIG 19 VIETNAM DIESEL GENSET MARKET REVENUE, BY APPLICATION, $M (2017-2030)
  • FIG 20 VIETNAM COMMERCIAL DIESEL GENSET MARKET REVENUE, BY USER, $M (2017-2030)
  • FIG 21 VIETNAM COMMERCIAL DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2017-2030)
  • FIG 22 VIETNAM INDUSTRIAL DIESEL GENSET MARKET REVENUE, BY USER, $M (2017-2030)
  • FIG 23 VIETNAM INDUSTRIAL DIESEL GENSET MARKET REVENUE, BY POWER RATING, $M (2017-2030)
  • FIG 24 VIETNAM DIESEL GENSET MARKET SHARE ANALYSIS OF KEY PLAYERS (2021)
  • FIG 25 CUMMINS INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
  • FIG 26 ATLAS COPCO AB - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
  • FIG 27 MITSUBISHI HEAVY INDUSTRIES LTD. - REVENUE SPLIT BY SEGMENT (2021)
  • FIG 28 CATERPILLAR INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
  • FIG 29 DENYO CO. LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
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