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Africa Generator Sets Market Trends

Report ID: GMI5823
Published Date: May 2023
Report Format: PDF

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Africa Generator Sets Market Trends

Ongoing expansion of small and medium scale industries along with growing industrialization sector will propel the Africa generator sets market demand. These products have become increasingly important in addressing power deficits and providing reliable backup power sources. The growing need for reliable and constant power supply among various end-users including mining, manufacturing facilities, construction sites, and oil & gas sector will lead to increased usage of these products.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of Africa generator sets exceeded USD 2.6 billion in 2023 and is projected to grow at a 10.4% CAGR from 2024 to 2032, owing to the increasing investment to refurbish and redesign distribution grids and transmission lines.

The generator sets industry for units with a power rating of ? 50 kVA is expected to depict 10.5% growth during 2023-2032 due to the low upfront cost of these gensets, which makes them more accessible.

Egypt generator sets industry size crossed a valuation of USD 200 million in 2022 and is set to record significant growth through 2032 driven by favorable regulatory policies and funding, coupled with advancements in technology solutions.

Cummins Inc., GENESAL ENERGY, GFE Power Products, Wärtsilä, Mitsubishi Heavy Industries, Ltd., Deere & Company, Rolls-Royce plc, MAHINDRA POWEROL, J C Bamford Excavators Ltd., Atlas Copco AB, Caterpillar, HIMOINSA, Sterling and Wilson Pvt. Ltd., Yamaha Motor Co., Ltd., Generac Power Systems, Inc., Kohler Co., and Kirloskar are the major companies operating in the Africa generator sets competitive scenario.