Increasing utilization of diesel gensets across telecom infrastructure, banking, residential, textile & leather manufacturing industries and other domains is driving the market of diesel gensets in Ethiopia.
According to 6Wresearch, Ethiopia Diesel Genset Market revenues are projected to grow at a CAGR of 6.6% during 2019-25. The government of Ethiopia has announced $7 billion worth of new road and power supply projects; three road and 13 new power projects which are expected to be launched in the country over the next five years, would result in surge in demand for diesel genset over the coming years. Moreover, upcoming large-scale industrial corridor projects, such as the Kilinto Industrial Park and Arerti Industrial Park are expected to positively influence the market for diesel gensets in the country.
According to Gurbani Kaur, Research Analyst, 6Wresearch, "75-375 kVA rating diesel gensets registered the highest revenue share in the Ethiopia diesel genset market and is projected to dominate the market during the forecast period as well on account of growing demand from residential sector, small manufacturing units, public offices, construction sector, banking sector, telecom sector and schools. Moreover, higher kVA rating diesel gensets are projected to grow at a very significant pace on account of rising construction of dams and industrial parks in the country"
"The Ethiopia diesel genset market is heavily import based as the machinery manufacturing sector of the country is still in its nascent stage and is not developed enough to support the local demand for diesel gensets in the region," Gurbani further added
According to Prashant Bhatia, Research Associate, 6Wresearch, "Industrial vertical accounted for majority of the revenue share in Ethiopia diesel genset market owing to development in the energy sector and establishment of industrial parks across the country. The aforementioned segment would further continue to dominate the market during the forecast period primarily due to government plan to increase the number of operational industrial parks to 30 by 2025 in the country."
"The southern region of Ethiopia accounted for the highest revenue share in the Ethiopia diesel genset market. Additionally, government has launched a five-year Urban Institutional and Infrastructure Development Program costing $860 million, under which the government would develop infrastructure in 117 cities, especially in the Southern region of the country, this would spur the demand for diesel gensets in the Southern region of Ethiopia" Prashant further added.
Some of the major companies in Ethiopia diesel genset market include- Caterpillar, Cummins, Perkins, FG Wilson, Deutz, Kohler-SDMO, Atlas Copco, Aksa and Kirloskar.
"Ethiopia Diesel Genset Market (2019-2025)" report provides an in-depth analysis with 32 figures and 5 tables, covered in 87 pages. The report estimates and forecast the overall Ethiopia Diesel Genset Market by Verticals, Regions and kVA rating such as 5-75 kVA, 75.1-375 kVA, 375.1-750 kVA and others. 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.