| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 23.9 Million |
| 2025 Market Size | USD 24.5 Million |
| 2030 Forecast | USD 27.7 Million |
| Growth Rate (CAGR) | 2.5% |
| Largest Application Category | Commercial |
| Largest Power Rating Category | 15–75 kVA |
| Nature of the Market | Consolidated |
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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.
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:
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.
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