South America and Africa Diesel Generator Market Insight
According to Market Research Future, South America and
Africa Diesel generator market is anticipated to expand with the CAGR of
approximately 9.38% during the forecast period as it is marked with overall
dependency of the energy consumers in South America & Africa for
uninterrupted & reliable power through diesel generators. A detailed
analysis report of COVID-19
impact on South
America & Africa Diesel Generator Market is provided with the report.
The diesel generators in South America & Africa
provide standby, prime & continuous power output, where the end user is
facing frequent power outages. Thus, such need of emergency power backup is
thriving the market to explore wisely with time and earn maximum valuation of
the coming years. Diesel generators for South America & Africa regions are
further poised to nurture at a substantial rate owing to growing urbanization
& industrialization that has resulted in demand for excess and uninterrupted
electricity supply.
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The diesel generators offer prime, standby and
continuous power output to residential, commercial & industrial sector
which makes it a reliable source of power generation in emergency situation and
at remote location. These factors are thus promoting the market to proliferate
substantially over the forecast period.
South America & Africa regions have most of the
countries that are in their developing stage or are under-developed and are
highly reliable on standby power generation or non-conventional methods of
power generation. 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 as it provides continuous, prime and standby power to
the end users such as industries, hospitals, construction sites, remote &
discrete sites, commercial and residential. These factors are also contributing
largely to the market’s growth, which would also take to expand in the forecast
period.
On the other hand, the growing demand for diesel
generators in African & South American region is also due to the rise in
power outages and high average price of power produced through conventional
power plants. These make the consumers to opt for an interminable &
dependable power supply as diesel generators are more fuel efficient than other
fuel type generators with longer life span. All these major factors are driving
the demand of diesel generators in South America & Africa.
Diesel generator in South America and
Africa Market Segmentation
The market for South America and Africa Diesel generator market globally 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.
Diesel generator in South America and
Africa Market Key Companies Studied in This Research Report Are:
The well-known players of South America & Africa
diesel generator market are listed as 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.
Browse Complete Research Report @ https://www.marketresearchfuture.com/reports/south-america-africa-diesel-generator-market-5205
About Market Research Future:
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Market Research Future (MRFR), we enable our customers to unravel the
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