Bharatbook.com announces a report on “Vietnam Diesel Genset Market”. This report market volume share due to ease availability, low cost and wide usage across various applications.
Vietnam Diesel Genset Market (2016-2022): Market Forecast by KVA Ratings (5 KVA-75 KVA, 75.1 KVA- 375 KVA, 375.1 KVA-750 KVA, 750.1 KVA-1000 KVA, 1000.1 KVA -2000 KVA and 2000.1 KVA & Above), Verticals (Commercial (Hotel, Public Infrastructure, Telecom Towers, Commercial Centers, Healthcare and Others), Industrial (Electrical & Electronics, Textile, Food Products, Chemicals, Fabricated Metal Products, Basic Metals, Power Utility and Others) and Residential), Regions (Northern and Southern) and Competitive Landscape
Vietnam is emerging as one of the key growing genset markets in the South-East Asia region. Owing to the establishment of SEZs, government infrastructure projects such as metro rails, smart cities, expansion of state & national highways and rising demand for power are expected to fuel the market for diesel gensets in Vietnam.
Vietnam Diesel Genset Market is projected to grow at a CAGR of 5.49% during 2016-22. In Vietnam, diesel gensets with rating 5KVA-75KVA accounted for majority of the market volume share due to ease availability, low cost and wide usage across various applications. 5KVA-75KVA rating genset market is expected to maintain its market dominance throughout the forecast period. Further, increasing telecom infrastructure and rising residential societies would boost the demand for diesel gensets with lower ratings.
Amongst all verticals, the industrial vertical accounts for major share in the overall Vietnam diesel genset market. Retail, commercial offices, hotels and hospitals are the other key revenue contributing verticals.
The report thoroughly covers the Vietnam diesel genset market by KVA ratings, verticals and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.