Africa Diesel Genset Market:
Growth opportunities in the Africa diesel genset market look promising over the next six years. The introduction of the industrial sector and the strong electricity demand are the key factors that are driving the growth of the Africa diesel genset market.
Africa Diesel Genset Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers
The development of the industrial sector and the strong demand for electricity are the major factors contributing to the growth of the Africa diesel genset market size. The limited reliable power is increasing the demand for self-generating power systems, and the rising adoption of gensets in industrial, commercial, and residential sectors will further boost the demand of the market. The fluctuation in climate, green economy, followed by the requirement for decreasing the noise and air pollutions, will further pay the way for the growth of the Africa diesel genset market in the upcoming years. The supportive government initiatives related to the high adoption of gensets, will further surge the growth of the market. For example, gasoline is funded in Nigeria and is less in cost as compared to diesel. The subsidies are anticipated to decrease and reduce the price difference between gasoline and diesel, impacting the consumption patterns and composition of generators. In addition to this, the rapid growth across various industries, such as oil & gas, mining, which in turn, is growing the adoption of such gensets in these sectors. On the other hand, the factors hampering the growth of the Africa diesel gensets market include the rising price of operation and maintenance of diesel gensets, followed by the strong demand for renewable energy.
Power Rating Segment Drivers
Based on the power rating, the market is segmented into less than 75kVA, 75kVA – 375kV, 375.1kVA – 750kVA, and more than 750kVA. The less than 75kVA segment is expected to dominate the market in the upcoming years. This is mainly due to the increased adoption in different sectors like telecom sectors, residential, and other sectors. The reduced price of diesel gensets and their various applications will accelerate the growth of the market.
Africa Diesel Genset Market leading Manufacturers:
General Electric Company
Kirloskar Oil Engines Limited
Jiangsu Starlight Electricity Equipment Co. Ltd.
Caterpillar Inc.
Cummins
Mikano International Limited
Himoinsa S.L
Aksa Energy
Kohler
Man Diesel & Turbo SE
YorPower
Jubaili Bros
Scania Group
Africa Diesel Genset Market Segmentation: Segmentation by Power Rating:
Less than 75kVA
75kVA – 375kVA
1kVA – 750kVA
More than 750kVA
Segmentation by End-Use:
Residential
Commercial
Industrial
Segmentation by Countries:
Nigeria
Algeria
Kenya
South Africa
Egypt
Rest of Africa