Ethiopia became the highest revenue shareholder in Africa Diesel Genset Market – 6Wresearch
Ethiopia has emerged as the major revenue shareholder in Africa Diesel Genset Market attributed to its highest deployment as power backup systems in the residential as well as commercial sectors. Moreover, the construction of Kilinto Industrial Park, Airline, logistics Park 4 as well as the expansion of Largest Airport in Ethiopia is anticipated to drive the demand for diesel genset market.
According to 6Wresearch, Africa Diesel Genset Market size is anticipated to grow at a CAGR of 5.2% during 2023-2029. On account of increase in industrial infrastructure such as construction of Industrial parks, growing industrialization and strong manufacturing activities would contribute to demand for diesel genset across the country. Owing to rise in construction sector such as Cameroon government has prioritised investments in oil and gas projects, Ethiopia’s Growth and Transformation Plan, Ivory Coast’s construction of metro and extension of international airport projects would boost the demand for diesel genset. The rise in air pollution which is causing impact on environment and increase in volatility of fuel prices would act as a restraint for diesel genset market.
According to Shivankar, Research Manager, 6Wresearch, the 5-30 kVA rating diesel registered maximum revenue share as well as volume share in 2022. This same trend is projected to continue in the coming years due to the rising demand in the commercial sector, small manufacturing facilities, offices, malls and hotels. Small and medium-scale manufacturing units are one of the key end-users for the 5-30 kVA and 30.1-75 kVA rated diesel gensets in Africa.
The Africa Diesel Genset Market (2023-2029) report provides an in-depth analysis with 47 figures and 24 tables, covered in 126 pages. The report comprehensively covers the market by types, applications, and countries. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.