Get a Comprehensive Overview of the Madagascar Diesel Genset Market Report Prepared by P&S Intelligence, Segmented by Power Rating (15–75 kVA, 76–375 kVA, 376–750 kVA, Above 750 kVA), Application (Commercial, Industrial, Residential), and Geographic Regions. This Report Provides Insights From 2019 to 2030
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Madagascar Diesel Genset Market Future Prospects
The Madagascar diesel genset market size generated an estimated revenue of USD 23.9 million in 2024, and the market size will advance at a CAGR of 2.5% during 2025–2030, reaching USD 27.7 million in 2030. The rapid growth in the telecom and construction sectors and the increase in the frequency of power outages are driving the market growth.
As per the World Bank, in 2023, only 33.7% of the total population of the country had access to electricity, which is leading to the rising demand for diesel gensets. In addition, the market is expected to be driven by the surge in the need for backup power from the residential and commercial sectors and the growth in the construction and mining industries.
Moreover, power reliability is a defining feature of the country's level of development. As a result, the need for energy is being assessed among public institutions in Madagascar is increased, in order to improve the quality of services provided to populations. The public services that are considered include health centers, schools, administrative buildings, customs offices, police stations, army settlements, and public street lighting units. The quality of these services varies significantly between rural and urban areas in the country, and it is heavily influenced by power availability.
Growing Telecom Industry Drives Market for DG Sets
Madagascar telecom services have benefited from the increasing competition among major operators, including Airtel, Orange Madagascar, and Telma.
In the 2021 Finance Law, the Government of Madagascar reduced the excise duty levied on telecommunications from 10% to 8%, which will benefit consumers at all levels.
Moreover, in July 2020, Telma launched commercial 5G services. This shows a potentially high demand for in telecom towers to deal with power outages, the frequency of which is rather high.
Due to this factor, the Madagascar diesel generator market is expected to witness considerable progress in the forthcoming years.
Madagascar Diesel Genset Market Analysis
Power Rating Insights
In 2024, the 15–75 kVA category accounts for the largest value share, of 60%, in the market, and it will also witness the highest CAGR, of 2.5%, during the forecast period. This is primarily due to the high usage of these gensets in residential facilities, small industries, telecom towers, restaurants, commercial complexes, and hotels. Moreover, they are highly safe in terms of storage, consume less fuel, and have good durability.
The following power ratings are covered:
15–75 kVA (Largest and Fastest-Growing Category)
76–375 kVA
376–750 kVA
Above 750 kVA
Application Insights
The commercial category is expected to witness the fastest growth during the forecast period, advancing at a revenue CAGR of 3.2%. It also dominates the market in 2024. This can be mainly attributed to the ongoing development in the construction industry, which includes hotels, residential establishments, transport infrastructures, retail outlets, hospitals, restaurants, malls, and telecom towers, which generates high demand for DG sets in the country.
We have studied the below-mentioned applications:
Commercial (Largest and Fastest-Growing Category)
Industrial
Residential
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Madagascar Diesel Genset Market Share
The market is consolidated as a handful of the major companies hold the major share.
These companies have been in operation for decades, and their products are known around the world.
Manufacturing gensets compliant with the prevailing emission and fuel efficiency norms requires substantial capital investments, thus increasing the entry barriers for small, local firms.
Additionally, having been in business for a long time, the major companies enjoy economies of scale, strong customer trust, and comprehensive distribution networks.
The major companies operating in the Madagascar diesel genset market have been involved in partnerships and collaborations, in order to stay ahead of their competitors.
Key Diesel Genset Providers in Madagascar:
Aksa Power Generation SA (Pty) Ltd.
Jubaili Bros
Atlas Copco AB
Kohler Co.
Cummins Inc.
Caterpillar Inc.
Aggreko Ltd.
MTU Onsite Energy
Doosan Group
Madagascar Diesel Genset Company News
In May 2024, Kohler Co. sold its energy business to Platinum Equity, post which it has been established as an independent company.
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