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.