MarkNtel Advisors recently published a detailed industry analysis of the Thailand Diesel Generator Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Thailand Diesel Generator Market (2023-2028)
The Thailand Diesel Generator Market is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2023-28.
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What is driving the Thailand Diesel Generator market?
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.
What segments define the Thailand Diesel Generator market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By KVA Rating
(Up to 75KVA, 75.1 KVA to 375 KVA, 375.1 to 750 KVA, 750.1 KVA to 1000 KVA, Above 1000 KVA),
By Type
(Stand By, Prime & Continuous Power, Peak Shaving),
By End Users
(Residential Commercial (Hospitality, Retail, Educational Institutions, etc.), Healthcare, Government & Transport, Industrial (Manufacturing Facilities, Assembly Units, etc.), Equipment Rental Companies)),
By Region
(Midwest, Northeast, South, West)
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Who are the leading key players shaping the Thailand Diesel Generator Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the Thailand Diesel Generator Market growth?
2.How is the Thailand Diesel Generator Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Thailand Diesel Generator Market?
4.What is the current size of the Thailand Diesel Generator Market, and how is it projected to change in the future?
6.What is the future outlook for the Thailand Diesel Generator Market in terms of technological advancements and market expansion?
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