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The total size of the Thailand DG set market was USD 158.3 million in 2021, and it will reach a value of USD 236.9 million in 2030, progressing at a rate of 4.6% in the years to come, as stated by a market research company, P&S Intelligence.
The increasing count of restaurants and shopping malls is powering its commercial industry. Moreover, tourism is a key factor making the commercial industry of the country prosperous. With the increasing count of restaurants, shopping malls, and hotels, the need for DG sets in these buildings is on the rise.
Above-750-kVA variants dominated the Thailand DG set market, with a considerable share in the past, and this would grow at a substantial rate, of over 4%, in the years to come, on the basis of power rating.
For Getting Sample Pages of This Report:-
https://www.psmarketresearch.com/market-analysis/thailand-dg-set-market-report/report-sample
This is mainly due to the high-power requirement in the industrial sector. Thailand is among the of the foremost manufacturers of high-tech products, particularly those associated with electronics and automobiles.
Fundings by real estate corporations and governments are increasing in the residential sector. The evolution of this sector is complemented by the corporate sector, as it is powering the requirement for urban and semi-urban housings, which, in line, drives the requirement for residential DG sets.
As per the PPI database of the World Bank, PPP investments in infra have amounted to USD 28 billion in the last two decades. A considerable part of the funding was for the residential sector.
Furthermore, novel companies are more interested in cooperating with other market players, therefore intensifying the competition further. Furthermore, companies are strongly focused on product development and tech progressions to attain a leading position in the market.
The growing tourism industry in the country has powered the demand for DG sets in Thailand.
The increasing count of restaurants and shopping malls is powering its commercial industry. Moreover, tourism is a key factor making the commercial industry of the country prosperous. With the increasing count of restaurants, shopping malls, and hotels, the need for DG sets in these buildings is on the rise.
Above-750-kVA variants dominated the Thailand DG set market, with a considerable share in the past, and this would grow at a substantial rate, of over 4%, in the years to come, on the basis of power rating.
For Getting Sample Pages of This Report:-
https://www.psmarketresearch.com/market-analysis/thailand-dg-set-market-report/report-sample
This is mainly due to the high-power requirement in the industrial sector. Thailand is among the of the foremost manufacturers of high-tech products, particularly those associated with electronics and automobiles.
Fundings by real estate corporations and governments are increasing in the residential sector. The evolution of this sector is complemented by the corporate sector, as it is powering the requirement for urban and semi-urban housings, which, in line, drives the requirement for residential DG sets.
As per the PPI database of the World Bank, PPP investments in infra have amounted to USD 28 billion in the last two decades. A considerable part of the funding was for the residential sector.
Furthermore, novel companies are more interested in cooperating with other market players, therefore intensifying the competition further. Furthermore, companies are strongly focused on product development and tech progressions to attain a leading position in the market.
The growing tourism industry in the country has powered the demand for DG sets in Thailand.