Zambia Diesel Genset Market (2024-2030) | Growth, Trends, Industry, Revenue, Outlook, Share, Size, Analysis, Value, Companies & Forecast

Topics Covered in the Zambia Diesel Genset Market

Zambia 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.

Zambia Diesel Genset Market Synopsis

Zambia Diesel Genset Market is anticipated to register growth in the coming years owing to rising government efforts towards enhancing electrification and substantial developments in the power sector. The power sector, one of the major contributors towards the economic and industrial growth in the country, along with continuous efforts by the government to propel economic activity in the country is anticipated to bring in new avenues for the growth of Zambia diesel Genset market during the forecast period.

According to 6Wresearch, the Zambia Diesel Genset Market size is projected to grow  at a CAGR  of 8% during the forecast period of 2024-2030. Government efforts towards the development of electrification rate in the country backed by the Power Africa strategy wherein, public-private led partnerships are contributing significantly towards doubling the electricity generation capacity in the country are expected to assist the growth of Zambia Diesel Genset market. Moreover, infrastructure development is a major priority of the Zambian government.  Large-scale infrastructure development in the country is anticipated to be backed by the country’s sixth national development plan as well as National Vision 2030. The substantial rise in the development of the airport, telecom, and transport infrastructure coupled with rising developmental contributions towards rural electrification is expected to benefit the growth of the Zambia diesel Genset market during the forecast period. There are certain challenges in the prevalent in the Zambia Diesel Genset Industry. One of the significant challenges facing the Zambian diesel genset market is counterfeit products. Counterfeit products are damaging the reputation of some trusted companies and causing a considerable loss in revenue. Another challenge is the high importation tax levied on imported machinery. This high import cost is driving up the prices of gensets, making it unaffordable to some buyers. The Zambian market is also facing increased competition from solar-powered systems. The new trend towards clean energy is causing a shift from the use of diesel gensets as a primary source of power generation.

Government policies and schemes introduced in the Zambia Diesel Genset Market 

The Zambian market is rich with diesel generator set manufacturers from various regions globally. One of the notable leaders is Cummins Africa, who is supplying the latest in technology and innovative designs for power generation needs in Zambia. Other firms present in the country include Generac, Perkins Engines, and Powerica Limited. With the vast market potential in the country and the region at large, many more players are looking into investing in the local market and accelerating the Zambia Diesel Genset Market growth.

Leading players in the Zambia Diesel Genset Market

The  Diesel Genset Market In Zambia is rich with diesel generator set manufacturers from various regions globally. One of the notable leaders is Cummins Africa, who is supplying the latest in technology and innovative designs for power generation needs in Zambia. Other firms present in the country include Generac, Perkins Engines, and Powerica Limited. With the vast market potential in the country and the region at large, many more players are looking into investing in the local market.

Market analysis by KVA Rating

The diesel genset market in Zambia is expected to witness significant growth along different KVA rating segments. One segment expected to grow is the 5 KVA-75 KVA segment and it leading to rise in Zambia Diesel Genset Market Share. This growth is attributable to the rising demand for small backup power solutions in residential settings and small businesses. The 75.1 KVA-375 KVA segment may also record significant growth due to the increasing need for backup power solutions in large commercial establishments and industrial settings.

Market analysis By Application

According to Shivankar, Research Manager, 6Wresearch, the diesel genset market in Zambia is divided into distinct segments based on applications, which are crucial indicators of the growth potential of various genset segments. The residential segment is one segment expected to witness considerable growth, driven by the increasing need for reliable backup power solutions amid frequent power outages. The commercial segment is also expected to grow significantly in Zambia, particularly in the hospitality and telecom sectors, where SPGS (small power generation systems) are increasingly replacing the national grid.

Key attractiveness of the report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Zambia Diesel Genset Market Outlook
• Market Size of Zambia Diesel Genset Market, 2023
• Forecast of Zambia Diesel Genset Market, 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues & Volume for the Period 2020 - 2030
• Zambia Diesel Genset Market Trend Evolution
• Zambia Diesel Genset Market Drivers and Challenges
• Zambia Diesel Genset Market Price Trends
• Zambia Diesel Genset Market Porter's Five Forces
• Zambia Diesel Genset Market Industry Life Cycle
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by KVA ratings for the Period 2020 – 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and Volume by 5 - 75 KVA for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by 75.1 - 375 KVA for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by 375.1 - 750 KVA for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by 750.1 - 1000 KVA for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by Above 1000 KVA for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by Application for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by Residential for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by Commercial for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by Industrial for the Period 2020 - 2030
• Historical Data and Forecast of Zambia Diesel Genset Market Revenues and volume by Transportation and public Infrastructure for the Period 2020 - 2030
• Zambia Diesel Genset Market Import Export Trade Statistics
• Market Opportunity Assessment by KVA ratings
• Market Opportunity Assessment by Application
• Zambia Diesel Genset Market Top Companies Market Share
• Zambia Diesel Genset Market Competitive Benchmarking by Technical and Operational Parameters
• Zambia Diesel Genset Market Company Profiles
• Zambia Diesel Genset Market Key Strategic Recommendation

 

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By KVA ratings

• 5 KVA-75 KVA
• 75.1 KVA-375 KVA
• 375.1 KVA-750 KVA,
• 750.1 KVA-1000 KVA
• Above 1000 KVA

By Application

• Residential
• Commercial
• Industrial
• Transportation & Public Infrastructure

Zambia Diesel Genset Market (2024-2030) : FAQs