Market Size of Tanzania Diesel Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Tanzania Diesel Generator Market Analysis
The Tanzanian diesel generator market is expected to record a CAGR of around 3.6% during the forecast period. The COVID-19 outbreak significantly impacted the country's diesel generator (DG) market due to reduced power demand caused by the slowdown in major sectors like manufacturing and construction. It was estimated that, in 2020, the production capacity in the light products manufacturing industry of all the East African nations reduced to 42% during the pandemic, from over 50% before the outbreak. The Tanzanian DG market is likely to grow due to the country's deteriorated power supply scenario and the increasing industrial development. However, the market's growth can be hindered by stringent regulations by the government on various industries to reduce the carbon-emission rate by adopting a cleaner method of power generation.
- The industrial segment is expected to witness the highest growth in the future due to the numerous planned industrial projects in the country.
- The recent growth in the construction activities in the country is likely to become the most attractive opportunity for the Tanzanian DG market. It includes private projects, such as residential and commercial real estate projects, and public projects, such as the construction of roads, bridges, railways, and water systems.
- The steady growth in the service sector is expected to drive the market in the coming years.
