Africa Diesel Gensets Market to See Robust Growth during 2016-2021, Says TechSci Research in Its New Report Recently Added at MarketPublishers.com
18 Oct 2016 • by Natalie Aster
LONDON – On the back of enhancing demand for electricity and poor grid infrastructure, the market for diesel gensets in Africa is poised to register robust growth during the next 5 years. Rising demand for electricity from a wide range of end-use industries results in widening of demand-supply gap, which is filled up by diesel gensets.
The access to grid electricity in the African continent is the lowest in the world. In the year 2012, almost 60% of the African population had no access to electricity. The demand-supply gap of electricity can be effectively reduced by the deployment of diesel gensets, which can also improve the supply of regular and reliable electricity. The number of African population is likely to grow from 1.2 billion in the current year to almost 2.8 billion by the year 2060. Therefore, driven by the rising population number, the African diesel gensets market is predicted to witness healthy growth in the next 5 years.
From 2016 up to 2021, the African diesel gensets market is anticipated to register a CAGR of more than 12%, spurred primarily by the enhancing demand for prime power and also standby power sources, particularly in the industrial infrastructure, mining activities and oil and gas exploration sites.
New research report “Africa Diesel Gensets Market By Type, By End User, By Country, Competition Forecast and Opportunities, 2011 – 2021” by TechSci Research gives a comprehensive guide to the African diesel gensets market.
The report contains reliable data on the historical, present and forecast performance of the African diesel gensets market, investigates prevailing and emerging trends, discloses info on the major market growth driving and restraining factors, identifies the top opportunities and challenges. The research study sheds light on the current scenario across the key country-wide markets for diesel gensets within the African continent, provides a granular segmental analysis, touches upon regulative environment and offers valuable strategic recommendations. Additionally, the report offers detailed forecasts for the African diesel gensets market through 2021.
Other insightful studies by this publisher can be found in the TechSci Research catalogue.