Kigali region accounted for the largest share in the Rwanda diesel genset market– 6Wresearch
Rwanda diesel genset market is projected to witness growth during the forecast period on account of growing infrastructural projects and increasing demand for diesel genset in hybrid mini grids. Further, growing projects acrossn commercial and industrial sectors are also anticipated to boost the demand for diesel gensets across the region over the coming years.
According to 6Wresearch, Rwanda Diesel Genset Market is expected to grow at a CAGR of 5.8% during 2019-25. The government of Rwanda has targeted to achieve 512 MW installed power generation capacity, from its current 216 MW by 2023/24. The country switched to a hybrid mini grid power generation system as diesel generators alone as the main source of electrification involves huge operating & maintenance cost, which led to a decline in demand for diesel gensets in Rwanda over the past few years. However, upcoming hydropower projects such as the 80MW Rusumo project, the 147MW Rusizi III project and construction projects, would generate huge opportunities for diesel genset providers in the country over the coming years.”
According to Shefali Goel, Assistant Manager, Research and Consulting, 6Wresearch, “Diesel gensets in the 5 kVA – 75 kVA and 75 kVA -375 kVA range holds the maximum volume share in the overall Rwanda diesel genset market, due to their applicability in hybrid mini grid power generation plants.
By Verticals, the commercial vertical is expected to experience growth over the coming years owing to increasing demand for diesel genset in infrastructure and commercial projects. For instance, upcoming Commonwealth Heads of Government meeting (2020), Basketball Africa League (2020) and FIBA Men’s Africa Basketball Championship (2021) in Rwanda, would drive the commercial sector and consequently, the demand for diesel gensets as a standby backup power system in stadiums and commercial infrastructures such as hotels, etc.”
According to Gurbani Kaur, Senior Research Analyst, Research and Consulting, 6Wresearch, “In Rwanda, the demand for diesel gensets would accelerate in the Kigali Region as majority of the industrial and commercial activities are concentrated in this region. Additionally, the region has been experiencing a high urbanization rate in the past few years further driving the demand for diesel genset market in the Kigali region.”
"Rwanda Diesel Genset Market (2019-2025)” report provides an in-depth analysis with 26 figures covered in over 79 pages. The report estimates and forecast the overall Rwanda diesel 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.
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