Madagascar Diesel Genset Market To Generate Revenue Worth $27,755.7 Thousand in 2030
- Published: May 2022
The Madagascar diesel genset market is projected to generate $27,755.7 thousand revenue in 2030, advancing at a CAGR of 2.9% during 2021–2030. The growing construction, telecom, and manufacturing industries and the surging frequency of power outages in the country are propelling the market growth.
In Madagascar, the telecom industry is growing at a significant rate, with the lunch of 5G services. For instance, in July 2020, Telma launched commercial 5G services. This results in the increasing need for diesel generators in telecom towers to deal with power outages.
Commercial Category Is Contributing Highest Revenue to the Market
The commercial category accounted for the largest share, of around 37.5%, based on application, in the market. This is because diesel gensets are highly required in the commercial sector of the country, mainly in railway stations, hotels, shops, and telephone exchange offices, as a prime or backup power source.
Moreover, the 15–75 kVA category is expected to witness the fastest growth during the forecast period in the market, based on power rating. This can be mainly due to the high installation rate of 15–75 kVA DG sets in residential apartments and commercial complexes, such as small-scale businesses, telecom towers, and retail shops.
Product Launches Are Key Strategic Measures in the Market
Players operating in the Madagascar diesel genset market have been involved in product launches to gain a significant position. For instance, in October 2021, Laborde Products introduced a Yanmar diesel generator, model LPI-Y-40kW, with a power output of 40 kW. This generator is a tier 3, 3.3-liter 4TNV98T-ZGGM, which is a turbocharged diesel engine with four cylinders and a rated speed of 1,800 rpm and a maximum output of 45 kW.
Similarly, in July 2021, Caterpillar Inc. introduced 12 new models to its Cat GC diesel genset series for stationary standby applications. The new models are primarily aimed at the global market for electrical contractors. There are six models in the range, with power ratings ranging from 450 kVA to 715 kVA for 50 Hz applications, and six from 350 kW to 600 kW for 60 Hz applications.
Major players operating in the industry include Aksa Power Generation SA (Pty) Ltd., Atlas Copco AB, Kohler Co., Jubaili Bros, Cummins Inc., Caterpillar Inc., and Aggreko Ltd.