The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Thailand Diesel Generator Market (2023-2028):
According to the latest report, the Thailand Diesel Generator Market is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Thailand Diesel Generator Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2018-2021
- Base year: 2022
- Forecast Years: 2023-2028
- CAGR (2023-28): 4.56%
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What are the major Driver the Thailand Diesel Generator industry?
Significantly Growing Telecommunications Industry: The growth of the telecommunications sector in Thailand due to the rapid deployment of 5G networks, rising demand fix broadband services, and increasing popularity of OTT services has pushed the need for a reliable power supply. As a result, the key telecom companies in the country like AIS, DTAC, TrueMove, etc., are increasingly deploying 5G networks to cater to varied customer requirements, subsequently supporting the government’s action plan for promoting the adoption of 5G Technology to boost the country’s economy in the coming years. This is resulting in the ever-increasing construction of telecom towers in the country and thus elevating the demand for diesel generators as power backups.
Moreover, Thailand’s commitment to embracing IoT & smart city applications under its Thailand 4.0 policy is propelling the transformation of urban centers into smart & sustainable cities. The initiative aims to establish the country as a well-developed digital hub in Southeast Asia. Smart cities are a core pillar of this policy, focused on enhancing the digital capacity of city management. In order to realize this vision, the country is developing smart blocks in municipalities like Chiang Mai, Nakhon Sawan, and Udon City, equipped with “smart poles” embedded with IoT sensors for data collection, in which a robust telecom infrastructure, including telecom towers, is crucial for connecting various devices, sensors, & systems. Hence, as the number of smart cities increases, the need for telecom infrastructure, and consequently diesel generators, is expected to rise in the forecast period.
Thailand Diesel Generator Market Segmentation
The Thailand Diesel Generator Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By KVA Rating
- Up to 75KVA- Market Size & Forecast 2018-2028, (Units Sold)
- 75.1 KVA to 375 KVA- Market Size & Forecast 2018-2028, (Units Sold)
- 375.1 to 750 KVA- Market Size & Forecast 2018-2028, (Units Sold)
- 750.1 KVA to 1000 KVA- Market Size & Forecast 2018-2028, (Units Sold)
- Above 1000 KVA- Market Size & Forecast 2018-2028, (Units Sold)
- By Type
- Stand By- Market Size & Forecast 2018-2028, (Units Sold)
- Prime & Continuous Power- Market Size & Forecast 2018-2028, (Units Sold)
- Peak Shaving- Market Size & Forecast 2018-2028, (Units Sold)
- By End Users
- Residential- Market Size & Forecast 2018-2028, (Units Sold)
- Commercial (Hospitality, Retail, Educational Institutions, etc.) – Market Size & Forecast 2018-2028, (Units Sold)
- Healthcare- Market Size & Forecast 2018-2028, (Units Sold)
- Government & Transport- Market Size & Forecast 2018-2028, (Units Sold)
- Industrial (Manufacturing Facilities, Assembly Units, etc.) – Market Size & Forecast 2018-2028, (Units Sold)
- Equipment Rental Companies- Market Size & Forecast 2018-2028, (Units Sold)
- By Region
- Midwest
- Northeast
- South
- West
As per the regional aspect, the Thailand Diesel Generator Market is expected to be dominated by the Thailand by capturing the potential market share.
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Top Companies in the Thailand Diesel Generator Market
Caterpillar Thailand Ltd., Cummins DKSH Thailand Ltd, FG Wilson Asia Pte Ltd., Denyo United Machinery Pte Ltd, Yanmar Holdings Co., Ltd, Atlas Copco, Mitsubishi, Doosan Portable Power, Kohler Co., Airman Asia Sdn. Bhd., Others
Thailand Diesel Generator Industry Recent Development:
In 2023, Caterpillar Inc., announced the introduction of the Cat XQ330 mobile diesel generator set, a new power solution for standby and prime power applications that meets U.S. EPA Tier 4 Final emission standard.
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