Over the last few years, Kenya’s industrial and commercial sectors have witnessed significant growth on account of stable political environment and growing FDIs. With development of industrial parks, ICT parks and agricultural zones, economy of Kenya is projected to reflect key growth amongst all African countries. With the rise in infrastructure, the need for power has surged resulting into progression of diesel genset market.
According to 6Wresearch, Kenya diesel genset market is projected to touch $206.5 Million by 2022. Low electrification rate and poor power quality are the major demand drivers for diesel gensets in Kenya. Emerging manufacturing, retail and ICT industries are other factors fueling the growth of Kenya’s diesel genset market.
According to Ravi Bhandari, Research Analyst, 6Wresearch, “Optimistic business environment has laid a positive effect on the country’s economic condition. Encouraging government initiatives and growth in electricity access rate are generating new business opportunities in the country, which requires reliable power backup solutions to run day-to-day operations. With anticipated establishment of new businesses, the demand for diesel gensets in Kenya would register growth in the coming years.”
“Manufacturing sector in Kenya is exhibited to expand with significant rate over the next six years with the development of Special Economic Zones”, Ravi concluded.
According to Prakhar Srivastava, Research Associate, Research and Consulting, 6Wresearch, “Kenya is an import driven market, where majority of gensets are imported in the form of knocked down units, which are assembled in the country by numerous assemblers.”
“Market for diesel genset is expected to grow in the forecast period on account of development of public infrastructure projects such as Konza City and Lamu Port South Sudan Ethiopian Transport (LAPSSET) Corridor. Also, rental segment would further create strong demand for diesel gensets owing to growth in commercial sector,” Prakhar further added.
Some of the major companies in Kenya diesel genset market include- Cummins, Caterpillar, Atlas Copco, SDMO, FG Wilson, Kirloskar and Perkins.
“Kenya Diesel Genset Market (2016–2022)” provides in-depth analysis with 57 figures and 12 tables covered in more than 125 pages. The report estimates and forecast overall Kenya diesel genset market by revenues, volume, KVA rating of diesel gensets and verticals such as retail & logistics, rental, manufacturing, oil & gas and power utilities, commercial, residential, others and regions. The report also gives the insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.