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Philippines Diesel Generator Set Market Research Report: by Power Rating (5 kVA–75 KVA, 75 kVA–375 KVA, 375 kVA–750 KVA, Above 750 KVA), by Requirement (Prime Power, Backup Power), by Application (Residential, Commercial, Industrial) – Industry Outlook and Demand Forecast till 2030

  • Publishing: May 2021
  • Report Code: PE12103
  • Available Format: PDF

Philippines Diesel Generator Set Market Overview

In recent years, the Philippines government has taken strong measures in order to curb power cuts in the country. For instance, in 2018, in order to prevent power cuts, the Department of Energy set up a program to supply power to the network during peak-demand periods, with a supply of five generator sets in 40-feet containers.

The Philippines diesel generator set market is categorized into 5 kVA–75 KVA, 75 kVA–375 KVA, 375 kVA–750 KVA, and above 750 KVA, based on power rating. Amongst these, the 5 kVA–75 KVA category is expected to account for a significant share during the forecast period (2020–2030). This would primarily be owing to the high adoption of these diesel generators for backup power in telecom towers, hospitals, educational institutes, and small-scale industrial facilities.

The Philippines diesel genset market is also categorized into residential, commercial, and industrial, based on application. Out of these, commercial applications held a significant share in 2019, primarily on account of a high demand for continuous power in the commercial sector. Additionally, a high demand for DG sets is projected to arise from the industrial sector, with the setting up of new manufacturing facilities in the Philippines.

Philippines Diesel Generator Set Market Dynamics

Drivers

The Philippines government is taking measures to provide electricity to rural and isolated island areas, in order to increase the electrification rate of the country. In order to attain the objective, the installation rate of DG sets is projected to increase in areas with no access to the grid. Furthermore, the increasing infrastructure investments in the country are expected to create a high requirement for such systems, thereby boosting the Philippines diesel genset market during the forecast period.

Restraints

The high purchase cost of electricity generated through DG sets is expected to restrain the growth of the diesel generator set market in the Philippines to a certain extent. In most off-grid areas of the Philippines, such as isolated islands, electricity generated through DG sets costs more than twice that supplied by the grid, especially in Mindanao. Owing to the high costs in such areas, citizens are shifting toward electricity generation from renewable resources, such as solar energy.

Philippines Diesel Generator Set Market Competitive Landscape

Some of the major companies operating in the diesel generator set market in the country are Perkins Engines Company Limited, Komatsu Ltd., Denyo Co. Ltd., Monark Equipment Corporation, and Kohler Power Systems.

The study provides the historical as well as forecast sizes for the diesel generator set market in the Philippines.

Philippines Diesel Generator Set Market Segmentation

Segmentation by Power Rating

  • 5 kVA–75 KVA
  • 75 kVA–375 KVA
  • 375 kVA–750 KVA
  • Above 750 KVA

Segmentation by Power Requirement

  • Prime Power
  • Backup Power

Segmentation by Application

  • Residential
  • Commercial
  • Industrial
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