Nigeria is the Key Contributor in the Africa Diesel Genset Market-6Wresearch
Africa diesel genset market is projected to witness a healthy growth during the forecast period on account of establishment of SEZs, development and expansion of state & national highways and poor state of on grid infrastructure. Rising electricity demand as a result of rising population and increasing number of infrastructure projects is also anticipated to boost the demand for diesel gensets across the Africa region over the coming years.
According to 6Wresearch, Africa Diesel Genset Market is expected to grow at a CAGR of 3.2% during 2019-25. Lack of efficient power infrastructure that creates demand and supply gap is a major reason for increase in demand for diesel gensets across the region during the forecast period.
According to Chhavi Malpani, Senior Research Analyst, Research and Consulting, 6Wresearch, “Amongst all the countries, Nigeria accounted for a major revenue share in the overall revenues generated by the diesel genset market in Africa region. Additionally, Nigeria is likely to dominate the market during the forecast period as well, owing to the growth in the manufacturing sector, public infrastructure projects and telecom segment in the country. In addition, several upcoming infrastructural projects in many parts of the region would further trigger progression of the product.
Moreover, owing to low electrification rate, there is a strong demand for diesel gensets from the residential sector across the Africa region. However, on account of increase in the number of commercial complexes and growth in the construction sector, the commercial segment accounted for a significant revenue share in the Africa diesel genset market and is expected to maintain its dominance over the coming years as well.”
According to Alpana Tyagi, Research Associate, Research and Consulting, 6Wresearch, “5-75 kVA rating diesel gensets captured majority of the share in the overall market revenues of diesel gensets in the Africa region. Increasing utilization of lower rated gensets across several domains, such as telecom infrastructure, unreliable and off-grid areas, and other commercial sectors, would further help the 5-75 kVA rating diesel genset market to dominate the market throughout the forecast period as well.”
Some of the key players in the Africa diesel genset market include Caterpillar Inc., Cummins Inc., Perkins Engines Co. Ltd., FG Wilson, YorPower Ltd., JMG Limited and Mikano International Ltd.
"Africa Diesel Genset Market (2019-2025)” report provides an in-depth analysis with 94 figures and 19 tables covered in more than 350 pages. The report estimates and forecast the overall Africa Diesel Genset market by kVA ratings, applications, and countries that include Algeria, Ghana, Egypt, Nigeria, Kenya, South Africa and Ethiopia. The report provides an unbiased and detailed analysis of the on-going 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.