Madagascar Diesel Genset Market Analysis

Madagascar DG Industry 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