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Philippines DG Set Market Trends, Developments and Demand Forecast Report 2030
Philippines diesel generator set market segment analysis and growth forecast report 2022-2030
By: P&S Intelligence
The Philippines diesel generator set market revenue is also snowballing at a faster pace because the government is trying to attract FDI. The country has established monetary zones to entice foreign companies and aid them set up production facilities. For example, the net FDI flow into the Philippines augmented by 96% year on year, to $1.1 billion in November 2021, in the sixth successive month of development among constant economic improvement.
Industrial gensets held over 40% Philippines DG set market share (https://www.psmarketresearch.com/
Therefore, the market is growing in the Philippines because of the constant power outages and natural disasters hitting the country.