Name: Africa Genset/Generator Market By Fuel Type (Diesel and Gas), By End-Use (Residential, Commercial, Industrial and Others), By Application (Stationary and Portable), By Capacity (0-100 kVA, 100-350 kVA, 350-1000 kVA, and Above 1000 kVA), By Countries - Opportunities and Forecast, 2020-2027
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Africa Genset/Generator Market By Fuel Type (Diesel and Gas), By End-Use (Residential, Commercial, Industrial and Others), By Application (Stationary and Portable), By Capacity (0-100 kVA, 100-350 kVA, 350-1000 kVA, and Above 1000 kVA), By Countries – Opportunities and Forecast, 2020-2027

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A genset/generator is a machine that converts mechanical energy into electrical energy. It produces electric energy based on the electromagnetic induction principle. There are two fundamental types of generators available int the market: AC generator and DC generator. These generator uses diesel and gas as a fuel to generate electricity. Generators are widely adopted in various industries and for residential and commercial installations as it acts as a source of power backup. It is used for continuous and undisturbed power supply at the time of power grid downtime.

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The major factors that are driving the growth of the Africa Genset/Generator market are the shortage of access to electricity in rural areas, which is leading to an increase in the dependency on the generator and the lack of reliability in the grid due to frequent power outages. Establishment of Special Economic Zones, upcoming government infrastructure projects such as tech cities, expansion of state and national highways, railways as well as the increasing demand for power are fuelling the growth of the genset/generator market in Africa. Additionally, the African countries are planning to build megacities due to the increasing working population, which will further boost the growth of the Africa generator market.

The growing number of construction projects in Africa, especially in Egypt, Kenya, Tanzania, South Africa, and Ethiopia, coupled with the increasing number of project in the transportation, healthcare, real estate, energy & power, mining, water, and oil & gas sector, are further surging the demand for the generators to fulfil the electricity demand. Ongoing construction of Bourgreg Valley, Konza Technology city, Modderfontein Mega City, Dangote Oil Refinery, Grand Ethiopian Dam, and Walvis Bay Port Container Terminal, among other, are further fuelling the market growth. Moreover, the rising voltage fluctuations and power cuts, which is adversely impacting the industrial operation, is encouraging the adoption of reliable power backup equipment. However, the high initial capital investments required for generator is restraining the growth of the market.

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Based on the Fuel Type, the diesel generator segment is expected to grow at a higher CAGR during the forecast period owing to the increasing commercial and residential project in Africa, coupled with the growing demand for cost-efficient generators, which have a longer life span and require less maintenance.

Based on End-Use, commercial segment is projected to grow at a faster CAGR in the market during the forecast period due to the rising construction activities in Ethiopia, Egypt, and Nigeria and various favorable government policies to revitalize the economy by focusing on developing the country’s infrastructure.

Based on Application, portable generator segment is expected to grow at a higher CAGR in the market during the forecast period owing to the increasing adoption of the portable generator as it offers numerous remarkable benefits such as highly flexible, transferable, easy to use, and efficient in power backup.

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Based on countries, Ethiopia is projected to dominate the market during the forecast period owing to the rising government investment in infrastructure project, which has enabled manufacturing and other industries in the country to opt for a generator as a secure power backup source. In addition to this, the growing construction industry and the introduction of the Growth and Transformation Policy (GTP) is leading to an increase in the infrastructure development in the country, which further surged the demand for generator market in Africa.

Various notable players operating in the Africa Genset/Generator market include Caterpillar Inc., Cummins Inc., MTU Onsite Energy Corporation, Perkins Engines Co. Ltd., SDMO Industries, FG Wilson, YorPower Ltd., Mikano International Ltd., Atlas Copco AB, and Himoinsa S.L, among others.

The Africa Genset/Generator market has been segmented based on Fuel Type, End-Use Application, capacity and countries. Based on Fuel Type, the market is segmented into Diesel and Gas. Based on end-use, the market is further segmented into Residential, Commercial, Industrial and Others. Based on application, the market is segmented into standalone and portable. Based on capacity, the market is segmented into 0-100 kVA, 100-350 kVA, 350-1000 kVA, and Above 1000 kVA.

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Key questions answered in this research report:

- At what pace is the Africa Genset/Generator market growing? What will be the trend in growth in the future?
- What are the key drivers and restraints in the Africa Genset/Generator market? What will be the impact of drivers and restraints in the future?
- What are the various Application areas of the Africa Genset/Generator market, and how are they poised to grow?
- Which End-Use generated maximum revenues in 2019 and identify the most promising End-Use during the forecast period?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Fuel Type, By End-Use, By Application, By Capacity, By Countries
Regional Coverage	Africa
Companies Profiled	Caterpillar Inc., Cummins Inc., Atlas Copco AB, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Africa Smart Meter Market by Fuel Type

- Diesel
- Gas
- Others