Market Size of East Africa Diesel Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.39 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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East Africa Diesel Generator Market Analysis
The market for diesel generators in East Africa is expected to grow at a CAGR of 4.39% during the forecast period of 2019 – 2024. Factors such as lack of accessibility to electricity in rural areas, leading to dependency on diesel generators and lack of reliability in the grid due to frequent power outages are the major factors driving the diesel generator market in the region. However, strengthening electricity sector in East Africa under the projects such as East African Power Pool (EAPP) and North-South Power Transmission Corridor (NSPTC) are expected to increase the level of electricity accessibility in the region, in turn, limiting the growth of the diesel generator market in the coming years.
- The industrial sector is expected to account for the largest share in the diesel generator market in East Africa by end-user owing to the increasing demand from small- and medium-scale enterprises which are heavily dependent on diesel generator due to frequent power outages.
- In rural areas hybrid systems powering micro grids are expected to be more viable than the extension of the national electricity grid. Hence, this evolving concept of hybrid mini-grid systems is likely to create opportunities for the companies involved of diesel generator business.
- Ethiopia is expected to dominate the market over the forecast period owing to the rapid industrialization in the country.
