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NEW YORK , April 12, 2022 /PRNewswire/ -- The 2021 value of the Philippines diesel genset market was estimated at $152.9 million , and it is expected to witness a 5.4% CAGR to reach $245.2 million by 2030. Currently, much of the revenue for genset manufacturers and suppliers in the country comes from the industrial sector, which is witnessing rapid advances. This is partly due to the government initiatives to develop special economic zones and attract foreign direct investments.

Further, among all commercial users, telecom towers are the most significant in terms of diesel genset adoption in the Philippines . With numerous firms transitioning their 3G networks to 4G and many more launching 5G services, telecom towers are being rapidly advanced and installed. Since gensets are essential for uninterrupted communication services, the demand for these systems continues to grow in telecom towers.

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Key Findings of Philippines Diesel Genset Market Report

Based on power rating, 76–375-kilovolt-Ampere (kVA) variants are the most popular in the Philippines diesel genset market because they are suitable for small industries, restaurants, telecom towers, hotels, and commercial complexes. With the swift urbanization in the country, the demand for all such facilities is surging, which is leading to a boom in the construction sector. Moreover, after the units start operations, genset would be essential considering the high frequency of power outages in the nation.

Browse detailed report on Philippines Diesel Generator Set Market Growth and Forecast Report, 2030

The biggest companies in the Philippines diesel genset market are Caterpillar Inc., Mitsubishi Heavy Industries Ltd., Cummins Inc., Rolls-Royce plc, WÄRTSILÄ CORPORATION, John Deere, Kohler Co., Denyo Co. Ltd., Kirloskar Oil Engines Limited, and Yanmar Holdings Co. Ltd. To leverage the growth opportunities, they are launching generators that not only offer more value to customers but also comply with international emission standards.

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