Diesel Genset Market Share in Vietnam
The competition in the Vietnamese diesel genset market is consolidated in nature, with the top five players, namely Cummins Inc., Yanmar Holdings Co. Ltd., Caterpillar Inc., HUU Toan, and Atlas Copco AB, holding a 55.7% share in 2021. The market is expected to turn even more competitive in the coming years, since the demand for diesel gensets is increasing because of the rapid industrialization and the shortage of reliable grid infrastructure. Moreover, many other international players are expanding their business in Vietnam, seeing the growth of the manufacturing sector in the country.
Major Diesel Generator Set Providers in Vietnam:
- MEGA POWER SOLUTION CO. LTD.
- Airman Hokuetsu Industries Co. Ltd.
- Cummins Inc.
- Caterpillar Inc.
- Ateco Engineering Company Limited
- Changzhou ITC Power Equipment Manufacturing Co. Ltd.
- Denyo Co. Ltd.
- HarbinGer Inc.
- Mitsubishi Heavy Industries Ltd.
- Namsang Engineering Co. Ltd.
- Atlas Copco AB
- Yanmar Holdings Co. Ltd.