Posted On: 2019-12-19
Growing commercial and industrial sector acquired a combined revenue share of 74.3% in the Burundi diesel genset market in 2018 – 6Wresearch
Development of public infrastructure, change in government policies to support establishment of new industries coupled with huge increase in funds for mining sector are the key drivers for the growth of diesel genset market in Burundi.
According to 6Wresearch, Burundi diesel genset market revenues are projected to grow at a CAGR of 4.8% during 2019-25. Growing funds for mining industry on account of USA showing interest in Burundi’s mining sector as a result of ongoing USA-China trade war would be a major driver in the growth of the Burundi diesel genset market during the forecast period.
According to Ravi Bhandari, Research Manager, Research and Consulting, 6Wresearch, "75.1 – 375 kVA rated diesel generators registered the highest revenue share and is projected to dominate the market during the forecast period as well on account of growing demand from commercial and industrial sectors.”
“Telecommunication sector is one of the fastest growing industry in the country and would be a major revenue generating segment for diesel gensets in the country during the forecast period due to extensive use of diesel generators in telecom towers.” Ravi further added
According to Prithu Chawla, Research Analyst, Research and Consulting, 6Wresearch, "Commercial segment accounted for the major revenue share in diesel genset market of Burundi in 2018, due to extensive use of diesel generators in telecom towers and commercial offices. However, the industrial segment is projected to overtake the commercial segment in terms of growth during the forecast period due to sudden development and rise in FDI in the mining sector of the country.”
"Imported Chinese gensets acquired majority of the market share in the diesel genset market of Burundi. Furthermore, the Western region acquired majority of the revenue share in the diesel genset market of the country for the year 2018 due to concentration of many industrial and commercial activities in the area. " Prithu further added.
Some of the major companies in Burundi diesel genset market include- Caterpillar Inc., Cummins Inc., Perkins Engines Co. Ltd, FG Wilson etc.
"Burundi Diesel Genset Market (2019-2025)" report provides an in-depth analysis with 22 figures and 2 tables, covered in more than 70 pages. The report estimates and forecast the overall Burundi siesel genset market by kVA rating, verticals and regions. 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 device and align their market strategies according to the current and future market dynamics.