Published: May 2022 | Report Code: 12327 | Available Format: PDF | Pages: 86
The Madagascar diesel genset market size generated an estimated $21,429.8 thousand revenue in 2021, and the market size will advance at a CAGR of 2.9% during 2021–2030. 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 2019, only 26.9% of the total population of the country had the 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.
Further, the Madagascar telecom sector has 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 telecom products from 10% to 8%, which will benefit consumers at all levels. This leads to a potentially high demand for diesel generators in telecom towers to deal with power outages, whose frequency is high. Due to this factor, the Madagascar diesel genset market is expected to witness considerable progress in the forthcoming years.
In 2021, the 15–75 kVA category accounted for the largest share, of around 42%, in the market. 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.
Furthermore, 376–750 kVA diesel gensets are the second-largest category in the market. This is due to the high demand for these variants in industries, telecom towers, commercial complexes, hotels, and restaurants.
The commercial category is expected to witness the fastest growth during the forecast period, advancing at a CAGR of 3.9%. 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.
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. For instance:
Report Attribute | Details |
Historical Years |
2017-2021 |
Forecast Years |
2022-2030 |
Market Size in 2021 |
$21,429.8 thousand |
Revenue Forecast in 2030 |
$27,755.7 Thousand |
Growth Rate |
2.9% CAGR |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Power Rating; By Application |
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During 2021–2030, the growth rate of the Madagascar diesel genset market will be around 3%.
In 2021, the size of the Madagascar diesel genset market stood at $21,429.8 thousand.
15–75 kVA is the largest power rating category in the Madagascar diesel genset market.
The major Madagascar diesel genset market drivers include the growing construction, telecom, and manufacturing industries and the surging frequency of power outages in the country.
Top players in the Madagascar diesel genset market include Aksa Power Generation SA (Pty) Ltd., Atlas Copco AB, Kohler Co., Jubaili Bros, Cummins Inc., Caterpillar Inc., and Aggreko Ltd.
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