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Bangladesh Diesel Genset Market Report 2021: Focus on Residential, Commercial, Industrial, Healthcare, Hospitality, & Public Infrastructure

Research and Markets
·4 min read

Dublin, May 04, 2021 (GLOBE NEWSWIRE) -- The "Bangladesh Diesel Genset Market (2021-2027): Market Forecast by KVA Rating, by Applications, by Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Bangladesh Diesel Genset Market size is projected to grow at a CAGR of 9.9% during 2021-27.

The Bangladesh diesel genset market would escalate over the coming years on account of rising demand for a continuous and reliable source of power, increasing power outages, thereby leading to the rising need for power backup solutions. Additionally, the rising demand for electricity in Bangladesh in line with the infrastructural growth in the country would positively influence the diesel Genset market growth.

Projected growth in the construction market, upcoming new hotels and shopping malls on the back of increased inflow of FDI in the retail sector, coupled with increasing government spending on infrastructural development projects would drive the diesel Genset market in the country over the forthcoming period.

Diesel gensets find their applications in various sectors such as industrial, commercial, and residential, however, on account of the global coronavirus pandemic, the government decided to shut all the major operations in many sectors to curb the spread of the virus thereby restraining the diesel Genset market growth during the first three quarters of 2020.

However, the upcoming construction projects such as Rooppur Nuclear Power Plant, Padma Bridge among many others require an uninterrupted power supply which would bolster the demand for diesel gensets in the country over the coming period.

Further, as per the Dhaka Chamber of Commerce and Industry, Bangladesh would need to invest approximately $25 billion annually through 2030 in order to meet the country's growing infrastructural needs. This, in turn, would back the demand for diesel gensets in order to serve the additional auxiliary power demand created.

Based on applications, the industrial vertical emerged as the dominating segment, in revenue terms, in 2020 on account of widespread usage of gensets in factories and manufacturing plants. Power generation and oil & gas industries are the major users of diesel generators in the industrial segment. As these processes are critical, they are generally backed by secondary power sources such as diesel gen-sets, to provide power in case of outages and to cater to additional load/power requirements.

Bangladesh Diesel Genset market report thoroughly covers the market by kVA ratings, applications, and regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights:

  • Bangladesh Diesel Genset Market Overview

  • Bangladesh Diesel Genset Market Outlook

  • Bangladesh Diesel Genset Market Forecast

  • Historical data of Bangladesh Diesel Genset Market Revenues and Volume for the Period 2017-2020

  • Market Size & Forecast of Market Revenues and Volume until 2027

  • Historical data of Market Revenues and Volume, By kVA Rating for the Period 2017-2020

  • Market Size & Forecast of Market Revenues and Volume, By kVA Rating until 2027

  • Historical data of Market Revenues and Volume, By Applications for the Period 2017-2020

  • Market Size & Forecast of Market Revenues and Volume. By Applications until 2027

  • Historical data of Market Revenues, By Regions for the Period 2017-2020

  • Market Size & Forecast of Market Revenues, By Regions until 2027

  • Market Drivers and Restraints

  • Bangladesh Diesel Genset Market Trends

  • Bangladesh Diesel Genset Market Industry Life Cycle

  • Porter's Five Force Analysis

  • Market Opportunity Assessment

  • Bangladesh Diesel Genset Market Shares, By Players

  • Competitive Benchmarking

  • Company Profiles

  • Key Strategic Recommendations

Market Segmentation:

By kVA rating:

  • Up to 100kVA

  • 1 to 350kVA

  • 1 to 1000kVa

  • Above 1000kVA

By Applications:

  • Residential

  • Commercial

  • Industrial

  • Healthcare

  • Hospitality

  • Public Infrastructure

  • Others (Transportation and Power Utilities)

By Regions:

  • Northern

  • Southern

Companies Mentioned

  • Aksa Power Generation

  • Atlas Copco AB

  • Caterpillar Inc.

  • Cummins Inc

  • DEUTZ AG

  • Himoinsa S.L.

  • Kirloskar Oil Engines Limited

  • KOHLER-SDMO

  • Perkins Engines Company Limited

  • Sterling and Wilson Powergen Private Limited

For more information about this report visit https://www.researchandmarkets.com/r/8bxoxl

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900