Published: May 2022 | Report Code: 12326 | Available Format: PDF | Pages: 76
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.
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.
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 |
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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.
Key market companies have been involved in product launches, in order to stay ahead of their competitors. For instance:
During 2021–2030, the growth rate of the Zambia diesel genset market will be around 5%.
In 2021, the size of the Zambia diesel genset market stood at $13,762.1 thousand.
15–75 kVA is the largest power rating category in the Zambia diesel genset market.
The major Zambia diesel genset market drivers include the increase in demand for standalone and backup power sources, rapid growth in the telecom sector, and government initiatives for infrastructure development.
Top players in the Zambia diesel genset market include Atlas Copco AB, Kohler Co., Cummins Inc., Caterpillar Inc., and Aggreko Ltd.
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