Africa Diesel Genset Market
The Diesel Genset Market in Africa is anticipated to grow at a significant CAGR over the forecast period (2020-2027).
The factors driving the growth of Africa Diesel Genset Market includes rising trend of digitalization, rapid growth in the construction, Oil and Gas and Mining sectors, increasing electricity consumption, and growing application of diesel gensets in the residential and commercial sector. According to the report published by International Energy Agency (IEA), number of people in African region getting accessibility to electricity has significantly increased from 8 million between 2000 and 2013 to 24 million between 2014 and 2019, which is expected to boost the Africa Diesel Generator Market Industry share in the approaching years. Moreover, the increase in Government’s expenditure on infrastructure projects, rising adoption of self-generating power systems and growing concerns regarding climate change, are some of the additional factors supplementing the Africa Diesel Generator Market size. In addition, the emerging need to electrify rural areas, increasing investments on 5G Technology by private players and rising disposable incomes, are further contributing to the market’s growth.
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However, increasing operational and maintenance costs along with growing emphasis on utilizing renewable sources of energy, are expected to restrict the growth of Diesel Genset Market in Africa in the coming years.
The prominent players operating in the market are Aksa Energy, Kohler, Man Diesel & Turbo SE, General Electric Company, Kirloskar Oil Engines Limited, Jiangsu Starlight Electricity Equipment Co. Ltd., YorPower, Jubaili Bro, Scania Group, Mikano International Limited, Himoinsa S.L, Caterpillar Inc. and Cummins, among others.
Power Rating: Segment Analysis
As per the Africa Diesel Genset Market Research Report, the less than 75kVA segment is projected to grow at a remarkable CAGR during the forecast period attributed to its increasing application in the residential areas and Telecom Industry.
End-User: Segment Analysis
According to Africa Diesel Generator Market Insights, the industrial segment is anticipated to expand at a robust CAGR over the forecast period. The increasing application of diesel gensets in the Oil and Gas Industry, rising demand for power supply and rapid urbanization in African region, are some of the factors responsible for the growth of the segment.
Country: Segment Analysis
Based on country, Nigeria is expected to capture the largest market share during the forecast period. The rising consumption of electricity, Government initiatives to boost the manufacturing sector and increase in the oil exports around the world, are some of the important factors propelling the market growth in Nigeria.
Market Segmentation
Africa Diesel Genset market by Power Rating
- Less than 75kVA
- 75kVA – 375kVA
- 1kVA – 750kVA
- More than 750kVA
Africa Diesel Genset market by End-Use
- Residential
- Commercial
- Industrial
Africa Diesel Genset market by Countries
- Nigeria Diesel Genset Market All-Up
- Algeria Diesel Genset Market All-Up
- Kenya Diesel Genset Market All-Up
- South Africa Diesel Genset Market All-Up
- Egypt Diesel Genset Market All-Up
- Rest of Africa Diesel Genset Market All-Up
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