Africa Genset Market to Exhibit 4.6% CAGR through 2023, Expects 6Wresearch in Its In-Demand Report Available at MarketPublishers.com22 May 2017 • by Natalie Aster
LONDON – The diesel genset market in Africa is expected to gain traction in the coming years, propelled majorly by the high electricity supply-demand gap, and increasing commercialization and industrialization of such African countries as Kenya, Nigeria and Tanzania. On the back of continuously rising population number coupled with favourable governmental initiatives, the demand for power is expected to increase considerably in urban parts of Africa, thus, driving growth in the regional diesel genset market over 2017-2023. Increase in the mining and oil and gas exploration sector in Ghana, Nigeria and Tanzania will also fuel the demand for diesel gensets in the African region.
The African diesel genset market is projected to grow at a 4.6% CAGR through 2021.
Diesel gensets with rating 5KVA-75KVA capture the major share of the regional market volume owing to low electrification rate and also uptake in residential and construction markets in Africa. This type of gensets is forecast to maintain its dominant position in the African market through 2021.
Amid all application sectors, the manufacturing vertical holds the largest share of the African diesel genset market. Other important revenue contributing verticals include commercial offices, retail, hospitals and hotels.
In-demand report “Africa Diesel Genset Market (2017-2023): Market Forecast by KVA Ratings, Verticals, Countries, Import Statistics and Competitive Landscape” prepared by 6Wresearch gives a comprehensive analysis of the African diesel genset market and overs all the important aspects.
This topical study highlights the market dynamics and the major growth influencing factors, touches upon the prevailing and emerging market development trends, reviews the historical background, describes the current situation in the regional genset market and also presents access to a future outlook through 2023. Data on the competitive landscape, regulative framework, state of the key country-wide markets in the region and the main challenges and opportunities are also available in this report.
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