South Africa Diesel Generator Market Size Grows at Steady CAGR of 5.6% to Touch USD 157.5 Million by 2029

Published | 06 October 2023

South Africa diesel generator market is gaining traction because of the rapid growth in telecom sector and government’s supportive initiatives for infrastructure development.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Africa Diesel Generator market size at USD 107.52 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the South Africa Diesel Generator market size to grow at a CAGR of 5.6% reaching a value of USD 157.45 million by 2029. Frequent power outages, which hamper economic activity, as well as the rising number of data centers as a result of growing digitalization, are major growth factors for the South Africa diesel generator market. As a result, the government is making large investments in power backup solutions to provide an uninterrupted power supply for ongoing economic activity.

South Africa Diesel Generator Market – Overview

A diesel generator produces electricity using an electric generator and a diesel engine. Combining the efficiencies of the diesel engine and alternator, the diesel generator has an efficiency range of 30%–50%. Generators are practical devices that provide electricity during a power outage, preventing the interruption of daily activities or business operations. They have 50% higher energy efficiency than a gasoline generator operating at the same capacity because they burn fuel using compression heat rather than spark ignition.

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South Africa Diesel Generator Market

Segmental Information

South Africa Diesel Generator Market – By Application

Based on application, the South Africa diesel generator market is segmented into manufacturing, construction, telecom, mining, data centers, tourism, banking, and others. The telecom sector accounts for the highest share of the South Africa diesel generator market. The rising digitization and increasing internet penetration further propel the need for uninterrupted power supply in the telecom industry to keep the cell tower sites powered and in service. Following telecom, the construction industry also covers substantial market growth owing to the rising growth in the sector for the infrastructural development of the country.

Impact of COVID-19 on the South Africa Diesel Generator Market

The COVID-19 pandemic disrupted the growth of the South Africa diesel generator market. The severe restrictions imposed by the South African government on economic activities, especially the operations of the main end users of diesel generators, had a detrimental effect on the market's expansion. Additionally, supply chain disruptions brought about by lockdowns in many regions of the world slowed the market's expansion. However, a growing remote working culture and the requirement for a constant power supply in data centers are expected to propel the growth of the diesel generator industry in the years following COVID-19.

Competitive Landscape

Major players operating in the South Africa diesel generator market include Yamaha Motor Co. Ltd, Cummins Inc., Kirloskar Oil Engines Limited, Yanmar Holdings Co., Ltd, Caterpillar Inc., Briggs & Stratton Corporation, Mitsubishi Hitachi Power Systems Ltd, Honda Siel Power Products Limited, Aggreko Ltd, and Kohler Co.

These companies employ various strategies to further enhance their market share, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the South Africa Diesel Generator Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the South Africa Diesel Generator Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the South Africa Diesel Generator Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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