Topics Covered in the Kenya Diesel Genset Market
Kenya Diesel Genset Market report thoroughly covers the market by KVA rating and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Kenya Diesel Genset Market Synopsis
The Kenya diesel genset market was majorly driven by the power demand gap caused by the country's inadequate grid infrastructure owing to approximately 15 million of the country’s population did not have access to electricity in 2020, thereby relying primarily on diesel gensets for power requirements. The diesel genset market witnessed a decline in 2020 due to the global pandemic leading to a total economic shutdown and a temporary halt in major operations in many sectors to curb the spread of the virus. Additionally, the government's growing investment in the residential sector contributed to the real estate market's expansion, increasing its contribution to GDP from 13% in 2015 to 20% in 2021, hence augmenting the demand for reliable electricity systems and necessary power back up which would fuel the demand for diesel gensets in the coming years.
According to 6Wresearch, the Kenya Diesel Gensets market size is anticipated to grow at a CAGR of 3.9% during 2023-2029F. The rising infrastructure development in the country including transportation, commercial complexes etc. with upcoming projects for instance Nairobi Commuter Rail project, the Nairobi-Nakuru Highway project, the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) corridor (with the first 3 berths complete) would generate more power demand which is one of the major reasons for the growth of diesel genset market in Kenya. Moreover, five major ports with a cost of USD 10 billion and with 67% of the proposed hotel rooms under construction and the remaining 33% in the planning stage would further create lucrative opportunities for the diesel genset market during the forecast period.
Leading players in the Kenya Diesel Genset Market
Several local and international companies have established a presence in the Diesel Genset Market in Kenya. The market is highly competitive, and several key players dominate a significant share of the market. Some of the notable players in the market include Cummins Inc., Wärtsilä Corporation, Caterpillar Inc., Atlas Copco AB, and Aggreko PLC.
Market by kVA Rating
75.1-375 kVA power rating acquired the highest revenue share owing to its wide usage in the commercial sector of the country. Moreover, these diesel gensets are suitable for telecom towers and commercial complexes, where emergency backup power is of vital importance for continuous operations.
Market by Application
Growth in the commercial sector as well as upcoming offices such as Sandalwood, The Piano, and One Principal Placewould would increase demand for power supply and dependency on power backup for uninterrupted power supplies in office facilities which would act as a growth driver for the diesel genset market in Kenya. The commercial segment will continue to propel in the years to come.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Kenya Diesel Genset Market Overview
- Kenya Diesel Genset Market Outlook
- Kenya Diesel Genset Market Forecast
- Historical Data and Forecast of Kenya Diesel Genset Market Revenues and Volume, for the Period 2019-2029F
- Market Drivers and Restraints
- Kenya Diesel Genset Market Trends
- Historical Market Data and Forecast of Revenues and Volume, By kVA Ratings, for the Period 2019-2029F
- Historical Market Data and Forecast of Revenues and Volume, By Applications, for the Period 2019-2029F
- Market Opportunity Assessment
- Kenya Diesel Genset Market Ranking, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
Thereportprovides a detailed analysis of the following market segments:
By kVA Rating
- 5 - 75 kVA
- 75.1 - 375 kVA
- 375.1 - 750 kVA
- 750.1 - 1000 kVA
- Above 1000 kVA
By Application
- Residential
- Commercial
- Industrial
- Transportation and Public Infrastructure
