South America & Africa Diesel Generator Market to Grow at 9.38%% CAGR by 2023.

South America & Africa Diesel Generator Market industry - Forecast to 2023

South America & Africa Diesel Generator Market to Grow at 9.38% CAGR by 2023.

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South America & Africa Diesel Generator Market industry - Forecast to 2023

1 Summary South America & Africa Diesel Generator Market is marked with the overall dependency of the energy consumers in South America & Africa for uninterrupted & reliable power through diesel generators. These diesel generators provide standby, prime & continuous power output, where the end user is facing frequent power outages and needs emergency power backup. Diesel generators for South America & Africa regions are poised to grow at a substantial rate as the growing urbanization & industrialization has resulted in demand for excess and uninterrupted electricity supply. Diesel generators provide prime, standby and continuous power output to residential, commercial & industrial sector, and is also a reliable source of power generation in emergency situation and at remote location.

Key Players: The key players of South America & Africa diesel generator market are Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Mitsubishi Heavy Industries Engine & Turbocharger, Ltd., AKSA Power Generation, Kohler Co., Rolls-Royce Power Systems AG, Wuxi Kipor Power Co. Ltd, Aggreko PLC, MAN Diesel & Turbo, General Electric Company and Wärtsilä.

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South America & Africa Diesel Generator Market industry - Forecast to 2023

2 Market Overview: South America & Africa regions have most of the countries that are in their developing stage or are under-developed. These countries are highly reliable on standby power generation or non-conventional methods of power generation, as the overall power generation through conventional methods is expensive and is generated in smaller capacity than the actual demand. All these factors majorly result in power outage in these regions. Thus, most of the end users are heading towards the utilization of diesel powered generator. The diesel generator provides continuous, prime and standby power to the end users such as industries, hospitals, and construction sites, remote & discrete sites, commercial and residential.

Market Segmentation

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South America & Africa Diesel Generator Market industry - Forecast to 2023

Market Research Analysis: Colombia is hugely investing in developing hybrid renewable energy system so to fulfill the growing demand for electricity. According to World Bank, the national electrification rate of Columbia in 2016 was 98% with about 90% rural electrification rate, also industrial sector contributed 34.00% of the total GDP. It was also observed that about 53.3% of firms experienced electrical outages, in 2016 with about 10.8% of firms owing or sharing a generator. The current scenario in the states of Colombia is the growing demand for electricity, which can be fulfilled through a hybrid renewable energy systems.

Nigeria is one of the biggest economies in Africa, with a GDP of 405,082.7 million USD, in 2016.

However, Nigeria’s growth is harshly constrained by an inadequate supply of reliable electricity. According to World Bank, the national electrification rate of Nigeria in 2016 was 45% with 36% rural electrification rate. Also industrial sector contributed 19.4% of the total GDP. It was also noticed that about 77.6% of firms experienced electrical outages, in 2016, with about 70.7% of firms owing or sharing a generator.

Nigeria is currently receiving heavy aid & investment for the development of hybrid renewable energy systems and micro-grids. It has been forecast that diesel generator market in Nigeria will witness a substantial growth in forecast period.

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Copyright Š 2018 Market Research Future.

South America & Africa Diesel Generator Market industry - Forecast to 2023

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Copyright Š 2018 Market Research Future.