- India Diesel Genset Market Share Analysis by Power Rating (5 kVA–75 kVA, 76 kVA–375 kVA, 376 kVA–750 kVA, Above 750 kVA), Application (Commercial, Industrial, Residential) - Industry Growth and Demand Forecast to 2030
- Nigeria Diesel Genset Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)
- U.S. Diesel Genset Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)
- Indonesia Diesel Genset Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
- Report Code: 12326
- Available Format: PDF
- Pages: 76
- Report Description
- Table of Contents
- Market Segmentation
- Request Free Sample
Market Overview
The Zambian diesel genset market size stood at $13,762.1 thousand in 2021, and it is expected to demonstrate a CAGR of 4.9% during 2021–2030, primarily due to the rising demand for standalone and backup power sources, mostly in residential buildings, retail stores, offices, hospitals, and hotels. Furthermore, these gensets are required for construction, manufacturing, power, and oil and gas applications.
Increased government efforts to improve electrification and developments in the power sector, rapid urbanization, and rise in the need for safe and dependable electric supply in Zambia are major factors driving the market for diesel gensets. Furthermore, the increasing household construction activities in the country are significantly boosting the need for dependable electricity backup devices, which is expected to benefit the growth of the market in the upcoming years.
Moreover, Zambia is focusing on infrastructure development. For instance, in November 2021, it planned the expansion of toll booths on major roads, to fund road maintenance and widen the financing options for them. For instance, the Pave Zambia 2000 Program aims at the rehabilitation of 2,000 km of urban roads, and the L400 project involves the construction of 400 km of Lusaka urban roads, which costs $348 million. These ongoing infrastructure projects will positively impact the market growth.
15–75 kVA Variants Witnessed Highest Demand
In 2021, in terms of sales, the largest share in the Zambian diesel genset market was held by the 15–75 kVA category, of more than 40%. This is mainly attributed to the low price of these gensets and their high demand in residential facilities, restaurants, telecom towers, small industries, hotels, and commercial complexes.
Moreover, these gensets are suitable for small-to-medium-size locations and have a high installation rate in commercial complexes and residential apartments, such as telecom towers, retail shops, and small businesses. As a result of the abovementioned factors, these gensets are predicted to have the highest sales in the coming years as well in the country.
Surging Demand for Diesel Gensets in Telecom Sector
The telecommunications industry is rapidly evolving in Zambia. For example, following the August 2021 election, the new government instantly established the Ministry of Technology and Science to promote the use of information and communication technology (ICT) for economic growth and social inclusion. Data centers, computer assembly plants, ICT training centers, and smart education programs have all been funded as part of the Smart Zambia initiative. These efforts are aided by the expansion of broadband access and improvements in connectivity through international submarine cables.
Moreover, the fixed-line and mobile access pricing for end users has significantly reduced. This shows the growth in the ICT and telecom sectors, which require diesel gensets to deal with power outages. Therefore, such initiatives are driving the market for diesel gensets in Zambia.
| Report Attribute | Details |
Historical Years |
2017-2021 |
Forecast Years |
2022-2030 |
Market Size in 2021 |
$13,762.1 thousand |
Revenue Forecast in 2030 |
$21,210.5 Thousand |
Growth Rate |
4.9% CAGR |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Company Profiling |
Segments Covered |
By Power Rating; By Application |
Explore more about this report - Request free sample
Industrial Category Captured Majority of Market Share
In 2021, the industrial category accounted for around 41% revenue share in the Zambian diesel genset market. This is because diesel gensets are highly required in the industrial sector of the country, mainly for manufacturing, power generation, and oil and gas production, as a prime or a backup power source.
Market Players Involved in Product Launches to Gain Competitive Edge
Key market companies have been involved in product launches, in order to stay ahead of their competitors. For instance:
- In February 2022, Volvo Penta boosted its portfolio of generation engines, with the launch of TAD1346GE 500 kVA, a new D13 power node. This fuel-efficient and reliable compact engine is a valuable addition to the power offering of the company. It gives full power output, a key feature for a backup genset, mainly for those being used in standby/emergency operations.
Key Players in the Market Are:
- Atlas Copco AB
- Caterpillar Inc.
- Kohler Co.
- Cummins Inc.
- Aggreko Ltd.
Frequently Asked Questions About This Report
What will be the growth rate of the Zambia diesel genset market?+
What was the market size in 2021?+
Which is the largest power rating category in the market?+
What are the key drivers for the market?+
Who are the top players in the Zambia diesel genset market?+
Want a report tailored exactly to your business strategy?
Request CustomizationWant an insight-rich discussion with the report author?
Speak to AnalystWe are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Unmatched Standards
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
Reach Us Whenever You Need
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
Complete Data Security
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws