South America and Africa Diesel Generator Market Overview
South
America and Africa Diesel Generator Market is expected to grow with the CAGR of
approximately 9.38% during the forecast period. Diesel generators for South
America & Africa region are poised to grow at a substantial rate as the
growing urbanization & industrialization has resulted into the demand for
excess and uninterrupted electricity supply. 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.
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, construction
sites, remote & discrete sites, commercial and residential.
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.
Market Segmentation
The market for South
America and Africa Diesel Generator Market Analysis has been segmented
into product type, material type, storage and application type.
By the mode of product type, the global market has
been segmented into redox and hybrid.
By the mode of material type, the global market
includes vanadium and zinc-bromine.
By the mode of storage type, the global market
includes compact and large scale.
By the mode of application, the global market includes
industrial & commercial, defense, utilities, and others.
Regional Outlook
Regionally, the South America & Africa Diesel
Generator Market is growing tremendously in the prime regions of North
America, Europe, APAC region and the Middle East & Africa.
As per the study, Colombia is hugely investing in
developing hybrid renewable energy system to fulfill the rising 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. The existing scenario in
the states of Colombia is the upward demand for electricity, which can be
fulfilled through hybrid renewable energy systems.
On the other hand, Nigeria is one of the biggest
economies in Africa that had a GDP of 405,082.7 million USD, in 2016. Nigeria’s
growth is severely restrained 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. But now, Nigeria is receiving heavy aid &
investment for the development of hybrid renewable energy systems and
micro-grids. It is now forecast that diesel generator market in Nigeria will
observe an extensive growth in forecast period.
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