Africa Diesel Genset Market Synopsis
The Africa Diesel Genset Market is majorly driven by the need for reliable backup power solutions to deal with the frequent power outages that many parts of Africa experience such as just 48% of Ethiopia’s 115 million people had access to electricity and in DRC only 19% of the 108 million people have access to electricity – about 41% in urban areas and 1% in rural areas, in such cases diesel gensets become a crucial power source to sustain and to provide stable and reliable power solution. In addition, diesel gensets tend to have a lower upfront cost compared to other options, making them more affordable for African businesses and consumers. In 2020, the diesel genset market in Africa experienced a decline due to the COVID-19 pandemic, causing economic shutdowns and temporary halts in major operations to control the virus spread. However, infrastructure development and housing projects in Africa including Mesob tower development with US $681m projects in Ethiopia, Sangomar Field Development Phase 1 2023 in Senegal, Banana Port 2025 in DRC and others are expected to contribute to the country's infrastructure growth and lead to increased usage of diesel gensets.
According to 6Wresearch, Africa Diesel Genset Market size is anticipated to grow at a CAGR of 5.2% during 2023-2029. The diesel genset market in the key countries is witnessing significant growth, primarily driven by the ongoing infrastructure development projects like Felix Houphouet-Boigny Airport Expansion in Ivory Coast, the Nachtigal Hydropower Project in Cameroon, and the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) corridor. These developments across transportation, commercial complexes, and various sectors are poised to significantly raise power demand, resulting in a notable increase in the adoption of diesel gensets throughout the region to meet the growing need for reliable power supply.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Market Opportunity Assessment
- Africa Diesel Genset Market Outlook
- Historical Data and Forecast of Africa Diesel Genset Market Revenues and Volume, for the Period 2019-2029F
- Market Drivers and Restraints
- Historical Market Data and Forecast of Revenues, By Applications, for the Period 2019-2029F
- Africa Diesel Genset Market Overview
- Africa Diesel Genset Market Trends
- Historical Market Data and Forecast of Revenues and Volume, By kVA Ratings, for the Period 2019-2029F
- Africa Diesel Genset Market Forecast
- Historical Market Data and Forecast of Revenues and Volume, By Countries, for the Period 2019-2029F
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