NEW YORK, October 7, 2016 /PRNewswire/ --
Huge electricity demand supply & gap and increasing need for reliable power from industrial and commercial sectors to boost sales of diesel gensets in African countries through 2021
According to a recently published TechSci Research report "Africa Diesel Gensets Market By Type, By End User, By Country, Competition Forecast and Opportunities, 2011 - 2021", the market of diesel gensets in Africa is projected to grow at a CAGR of over 12% during 2016 - 2021 on account of increasing demand for electricity and growing presence of global manufacturers. Absence of grid electricity is another major factor boosting the demand for diesel gensets in Africa. In 2012, around 622.6 million people in Africa had no access to electricity, which was equivalent to 57% of the continent's population.
Browse 36 market data Tables and 73 Figures spread through 204 Pages and an in-depth TOC on "Africa Diesel Gensets Market"
Africa telecom market is projected to grow at a CAGR of around 6% during 2013-2018 on account of widespread adoption of low-cost smartphones and expanding 3G coverage and capacity. This will pave the way for the expansion and upgradation of telecom infrastructure in the country, which, in turn, creates huge demand for electricity in the continent. Diesel gensets act as a prime power source and standby power source to mobile towers at off grid locations and unreliable grid locations, respectively. Backed by booming telecom market, Africa diesel gensets market is expected to grow at a robust pace over the next five years.
Africa Telecom Market Size, By Value, 2013 & 2020F (USD Billion)
Market Size (USD Year Billion) 2013 60 2020F 234
Source: TechSci Research
Low and medium voltage diesel gensets are preferred by consumers for residential and commercial applications, while high and very high voltage diesel gensets are mainly used by large manufacturing facilities. Manufacturing, IT and Banking sectors in the continent rely heavily on diesel gensets as consistent power supply is extremely critical for them to ensure seamless operations and prevent data loss.
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"The development of decentralized power generation system is considered as a big boost for meeting the power requirements in Africa, a region with no proper access to grid. Development of decentralized power generation system using diesel gensets can offset the investments in power transmission and distribution network, and ensure huge savings. In addition, pilferage and theft of electricity can be reduced from transmission and distribution network by limiting the size of the same." Said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Africa Diesel Gensets Market By Type, By End User, By Country, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of Africa diesel gensets market and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in the Africa diesel gensets market.
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