Ghana DG Set Market Future Prospects
The Ghana DG set market size stands at an estimated USD 59.3 million in 2024, and it is expected to demonstrate a CAGR of 2.1% during 2024–2030, to reach USD 67.0 million by 2030.
The growing demand for power from industries, increasing instances of power outages, and the high price of electricity, along with the growth in the construction sector, are the major factors driving the industry. The demand for diesel gensets in Ghana is poised to grow on account of the rapid industrialization, modernization of the agriculture sector, growth in the construction industry, and increase in disposable income of people.
Due to the continuous and high usage of electricity in a wide range of sectors, such as oil and gas, telecom, data center, and healthcare, the requirement for an uninterrupted supply of power becomes extremely important. For instance, diesel gensets are used in the oil and gas industry to assist in upstream operations. Furthermore, oil and gas fields are generally located in remote locations and, on most occasions, lack grid connectivity, thereby exerting heavy dependence on diesel gensets for power supply.