Market Size of Africa Diesel Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.75 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Diesel Generator Market Analysis
The Africa Diesel Generator market is estimated to be at USD 636.5 million by the end of this year. It is projected to reach USD 809.2 million in the next five years, registering a CAGR of over 6.75% during the forecast period.
- Over the medium period, factors such as increased demand for uninterrupted and reliable power supply and the rise in the industrial sector are expected to drive the market.
- On the other hand, advancements in battery technologies may act as a restraint for the market.
- Nevertheless, the increasing popularity of hybrid generators and the rising reliability of the hybrid system may be an opportunity for the industry due to its usage of various resources, driving down the cost and reducing dependence on a single fuel.
- Nigeria is expected to dominate the market due to its large population and increasing economic growth. The electricity demand is expected to rise with an increase in the size of its population.
