Market Size of Africa Portable Generator Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Portable Generator Market Analysis
The Africa Portable generator market is projected to register a CAGR of over 5.7% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Power outages and off-grid applications to increase the demand for portable generators in the forecast period.
- Geopolitical tensions and their impact on imports and prices are one of the major restraints for the market.
- The development of hybrid renewable energy systems is expected to be a significant growth opportunity for the generator set market during the forecast period.
- Nigeria region dominates the market and is also likely to witness the highest CAGR during the forecast period. Nigeria's one of the largest economies where businesses rely mainly on generators. According to the Central Bank of Nigeria (CBN), as of 2021, Nigerians spend an estimated USD 14 billion on generators and fuel yearly to prevent their businesses from crippling.
