Press release
Thailand Diesel Generator Set Market Growth, Future Opportunity, Current Challenges and Industry Forecast to 2030
Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/thailand-dg-set-market-report/report-sample
The infrastructure development projects such as the construction or renovation of hotels and resorts are driving the demand for diesel generators leading to Thailand DG set market expansion. Moreover, the surge in demand for power generation systems on islands that do not have grid connectivity or managing with unreliable connections drives the market. For example, there is no central source of electricity in Phaluai island. Therefore, the natives are dependent on small-diesel-fueled generators.
The DG sets with a capacity above 750 kVA captured the largest share of the Thailand DG set market over the last few years, and their sales value is expected to grow at a rate of 4% from 2021 to 2030. It is attributed to high power requirements in the industrial sector for operations. The manufacturing companies in Thailand are massively producing high-tech goods such as automobiles and electronics. There are numerous start-ups in the country focusing on expanding their production facilities, driving the demand for gensets.
The significant Thailand DG market share is captured by the commercial sector under the application segment, amounting to 40%. The surge in leisure facilities such as shopping complexes, hotels and restaurants leads to the expansion of the commercial sector. The rise in Thailand's tourism is also a key reason for the flourished commercial sector. The governments and real estate companies are making investments in the residential sector. It will further complement the growth of the commercial sector as well, driving the need for urban and semi-urban accommodations, resulting in a surge of residential DG sets demand.
Browse full report at: https://www.psmarketresearch.com/market-analysis/thailand-dg-set-market-report
The public and public-private partnerships led investments in the infrastructure development projects in the country to drive the Thailand DG set market. The government has invested around $116 billion in the last 10 years for infrastructure development projects. According to World Bank, the PPP investments in infrastructure in the previous 20 years amounted to $28 billion as per the database of private participation in infrastructure. The housing sector captured a significant share of the investment.
The Thailand DG set market is expected to boom due to the rising competition among providers in the country. The new companies in the market are partnering with other companies, resulting in tough competition. The DG sets manufacturing companies focusing on implementing technological advancements in the products to advance their position in the market. For instance, Caterpillar Inc. launched 31 new CAT GC DG sets' models for the global electric contractor market.
Thus, the rise in infrastructure development activities and expansion of the hospitality sector due to surge in the tourism activities leads to increased demand for DG sets.
Browse more related reports:
Global Diesel Generator Set Market Report: https://www.psmarketresearch.com/market-analysis/diesel-genset-market
Congo DG Set Market Report: https://www.psmarketresearch.com/market-analysis/democratic-republic-congo-dg-set-market
Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://chemicalmaterialsnews.blogspot.com
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thailand Diesel Generator Set Market Growth, Future Opportunity, Current Challenges and Industry Forecast to 2030 here
News-ID: 2739038 • Views: …
More Releases from P&S Intelligence
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period.
According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven…
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period.
This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.…
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,…
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,…
More Releases for Thailand
Medical Device Market in Thailand, Medical Device Industry in Thailand, Covid-19 …
Thailand Medical Devices Market is an import driven market with advanced medical devices imported from countries such as US, Germany, Japan and China. Local companies majorly deal in surgical gloves, bandages, hospital hollowware and other equipment.
Growing Medical Tourism: Thailand medical tourism industry is the fourth largest out of 118 countries, with most people visiting Bangkok for medical treatment every year. The increasing medical tourist flow will drive the demand for…
Medical Education Market In Thailand, Medical Education Industry In Thailand, Th …
Growth of Medical Education System in Thailand: Siriraj Hospital was first modern medical hospital of Thailand founded in 1888 and thus became the first medical school of country. By 2006, there were twelve medical schools across the country and now there are twenty three medical schools. The medical education system has seen incremental growth over the years. Most of educational institutions are publically funded. The initial phase of medical training…
Thailand Medical Education Market, Thailand Medical Education Industry, Covid-19 …
The report titled “Landscape of Thailand Medical Education Market-Increasing Number of Top Rated Universities coupled with Undertaking Cutting Edge Research Driving the Industry” provides a comprehensive analysis of the Medical Education system in Thailand along with its merits and drawbacks. It includes detailed analysis on Physician Education as well as specialized courses such as Internal Medicine and Ophthalmology in Thailand. The report also covers overview of the medical education industry…
Used Car Market in Thailand, Used Car Industry in Thailand, Covid-19 Impact Thai …
Key Findings
One negative for used cars is the 7% VAT that’s added to the bill if the customer buys from a showroom or used car dealer, or use a loan to finance the purchase.
Consumers are shifting away from traditional methods & increasing using online platforms for their used car buying/selling journey. Many start-ups and auto portals present in Southeast Asia are entering the Thailand market or expanding their presence through…
Thailand Used Car Market, Thailand Used Car Industry, Thailand Used Car Market R …
Increasing Internet Penetration: There were 52 million internet users in Thailand in January 2020 Internet penetration in Thailand was 75% during the same period. As the smart phone and internet penetration in Thailand is increasing, the used car dealers have been able to increase their footfall. They are using digitalization to make market offerings attractive. Digital platform provide online services such as photos and videos and instant finance which are…
Ophthalmology Market in Thailand, Ophthalmology Industry in Thailand, Covid-19 I …
The COVID-19 virus has been understood to cause eye-related complications including the formation of nodules in the macular region, cranial nerve palsy, retinal vein occlusion and AMD (Age-related Macular Degeneration)
Thailand completed the period for completing WHO launched Vision 2020 program. The program had 3 key targets including control of diseases that affect eye health, development of human resources and provision of appropriate technology and infrastructure
The King and Queen of…
