NEW YORK , July 19, 2022 /PRNewswire/ -- According to the latest study published by P&S Intelligence, the Vietnam diesel generator set market accounted for an around $109 million value in 2021, which is on the track to hitting $150 million by 2030, at a 3.6% CAGR between 2021 and 2030. The construction of SEZs, smart cities, state and national roadways, and metro networks, as well as the rising electricity demand, is expected to boost the industry.
Electricity is essential for a country's economic development, but Vietnam lacks a functional grid infrastructure, which results in an insufficient power supply. This interferes with the functioning of both residential and commercial places, as a result of which, the Vietnam diesel generator set market is expected to grow in the coming years.
Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/vietnam-diesel-generator-set-market/report-sample
Moreover, as per NhanDan, in accordance with a plan of the Ministry of Construction, the Vietnamese government wants to increase the average housing space for every person to 27 square meters by 2025 and 30 square meters by 2030. The government will also prioritize creating smart and eco-friendly buildings and renovating aging apartment buildings during this decade.
Advancing Manufacturing Sector Is Driving Genset Demand in Vietnam
Vietnam's economy has remained strong due to the exceptional growth of its manufacturing sector. Vietnam's domestic manufacturing sector contributed more than 25% to its overall GDP in 2021.
Owing to its extensive network of railheads, airports, seaports, and highways, the country has a huge potential for attracting overseas industrial firms. Thus, the requirement for power is growing as this industry booms. Owing to this, the need for diesel generator sets is increasing across the nation to fulfill the demand for power during grid outages.
Demand for 5–75-kVA Generators Will Grow at Highest CAGR
Based on power rating, 5–75-kVA variants are predicted to experience the highest Vietnam diesel generator set market CAGR, of 4.2%, to produce $26.6 million revenue by 2030. Due to the increasing concerns about power instability in homes brought on by natural disasters, these generators are widely used in the residential sector.
Browse detailed report on Vietnam Diesel Generator Set Market Size & Share Analysis – Industry Forecast Report 2022-2030
Industrial Sector Holds Largest Market Share
The industrial sector holds the largest share in the Vietnam diesel generator set market, and this category will grow at a CAGR of 3.5% during the forecast period. Vietnam's relatively large and well-educated labor base makes it a viable industrial location. The government also provides assistance to companies that supply components, spare parts, and raw materials to industries including automotive, IT, leather, electronics, and apparel and textiles.
Vietnam Diesel Generator Set Market Size Breakdown by Segment
Browse more reports on DG Sets published by P&S
Ghana DG Set Market Size, Share, Growth Drivers, and Forecast Report 2030
Indonesia Diesel Genset Market Size, Share, Growth Drivers, and Forecast Report 2030
Philippines Diesel Generator Set Market Size, Share, Growth Drivers, and Forecast Report 2030
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Contact: Prajneesh Kumar P&S Intelligence Phone: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com Follow Us: LinkedIn Twitter
Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/vietnam-diesel-generator-set-market-to-hit-150-million-revenue-by-2030-says-ps-intelligence-301588419.html
SOURCE P&S Intelligence
In the world of stock legends, George Soros stands out. While his political activities have been a lightning rod for controversy, no one can doubt his financial acumen. After all, he’s the ‘man who broke the Bank of England,’ and made a billion dollars in one day when he shorted the Pound Sterling back in 1992. His hedge fund, Soros Fund Management, showed three decades of sustained gains, averaging 30% annual returns through the year 2000. During this time, and today in the management of his pe
Markets correspondent Jared Blikre takes a look at the declining pricing for cryptocurrencies bitcoin and ethereum as the FDIC issue letters to five crypto companies.
(Bloomberg) -- The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago. Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedWhite House Says Zelenskiy Should Join G-20 If Putin AttendsStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapXi and Put
Yahoo Finance Live co-anchor Seana Smith looks at several trending stocks moving in after-hours trading.
Oil stocks and chemicals dominate this list of today's fastest-growing stocks, all eyeing 111%-762% EPS gains this year.
Back up the EV on shares of General Motors, says this one analyst.
Jake Freeman cashed out his 6% stake in the meme stock after it exploded on Tuesday.
Chasing best-known favorites may not be the best way to score on Meme stocks, analysts say. Meme stock ETFs can help.
(Bloomberg) -- One big force at the center of the two-month equity rally is showing signs of fatigue. Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedWhite House Says Zelenskiy Should Join G-20 If Putin AttendsStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysIt’s the behavior of short sellers, whose frantic efforts to unwind bearish wagers
In this article, we discuss the 5 stocks that Warren Buffett is buying on the dip. If you want to see more stocks in this selection, click Warren Buffett is Buying the Dip on These 3 Stocks. Berkshire Hathaway’s Warren Buffett went on a buying spree despite the turmoil in the global equity markets. In […]
One of the big reasons for investing in real estate investment trusts (REITs) is the kind of dividends many pay. While Treasury bonds are just beginning to catch up with inflation, some REITs offer better yields as long as investors are willing to accept the risks attached to owning them. Here are seven REITs with better-than-average, hard-to-ignore dividend yields: AGNC Investment Corp. (NASDAQ: AGNC) is paying 11.36% at a price of $12.57. The Bethesda, Maryland-based company specializes in res
BEIJING (Reuters) -A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery, the Shanghai First Intermediate Court said. China-born Xiao, known to have links to China's Communist Party elite, was last seen whisked away in a wheelchair from a luxury Hong Kong hotel in the early hours with his head covered, a source close to the tycoon told Reuters at the time.
If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You'll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from … Continue reading → The post How to Avoid Tax on a Savings Account appeared first on SmartAsset Blog.
Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street's consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo's revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company's guidance, and up 275% from the year-ago quarter.
An EV startup whose sleek design reminds some people of the Batmobile, accumulates losses and internal struggles.
Yahoo Finance Live’s Brian Cheung and Brian Sozzi discuss why retail traders are angry at activist investor Ryan Cohen for selling his remaining stake in BBBY stock.
It’s been a good year for energy stocks. The S&P 500’s XLE is up nearly 40% since the beginning of January — by far outperforming the broader market.
The market rally is retreating as the 10-year yields runs higher, toward 3%. Warren Buffett stock Occidental Petroleum surged Friday.
It's no wonder Altria's (NYSE: MO) stock has lost more than a fifth of its value in just a couple of months. Marketing partner Philip Morris International (NYSE: PM) is getting cold feet on working with Altria to sell its IQOS heated tobacco device while also just acquiring the leading competitor to Altria's own smokeless tobacco products. At the same time, the federal government all but obliterated Altria's $13 billion investment in Juul Labs, the one-time electronic-cigarette leader.
The real estate investment platform backed by Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos has continued ramping up its acquisitions of single-family rental homes in several U.S. markets. Arrived Homes acquires single-family homes to use as rental properties, then sells shares of these properties to investors through its online platform. The demand for rental property shares has grown exponentially so far in 2022, with more homes funded in July than the entire first quarter. The company has