The Egypt Diesel Generator Market is expecting around 5% CAGR during 2023-28, says MarkNtel Advisors in their research report. The market growth attributes primarily to the mounting demand for uninterrupted & reliable power supply across Egypt's industrial, commercial, & transportation industries. In addition, rising electricity demand aided by Egypt's economic diversification plans, including Egypt Vision 2030 and long-term national development framework, also drive the market. Moreover, the increasing number of industrial projects like coal-fired power plant-Hamrawein, an industrial city in Atfih, El-Dabaa Nuclear Power Plant, & coal-fired power plant- Suez are other crucial factors infusing the demand for diesel generators across Egypt.
During 2016-20, the growth of the diesel generator market in Egypt witnessed a substantial decline, mainly due to the global oil crises and the Covid-19 pandemic, which resulted in the suspension of major construction projects and disruption in demand & supply chain. However, technological advancements in diesel generators like clean generators with low carbon emissions shall provide lucrative growth opportunities to the market in the coming years, further states the research report, "Egypt Diesel Generator Market Analysis, 2023."
Commercial & Telecom Sectors Captures the Largest Share of the Egypt Diesel Generator Market
The increasing number of construction projects in line with Egypt Vision 2030 and the burgeoning need for an uninterrupted & reliable power supply to operate construction equipment are the prime aspects driving the market across the Commercial sector. In addition, the constant need for electricity to ensure smooth production activities in the industrial sector is another crucial aspect boosting the diesel generator market.
On the other hand, the Egypt Diesel Generator Market in the telecom sector shall observe a considerable expansion in the coming years since telecom tower operators use diesel generators as a primary power management solution. The increasing frequency of power grid outages in Egypt has accelerated massive investments & extensive developments in the telecom sector.
On the other hand, the oil & gas sector is also witnessing a dramatically increasing demand for diesel generators. Since this sector extensively deals with heavy machines & equipment, any interruption in the functioning of these machines might lead to massive losses. Hence, the high-quality continuous power supply is extremely crucial in such industries.
Stand-By Diesel Generators Dominate the Egypt Diesel Generator Market
Stand-By diesel generators can automatically work since they do not require any manual operator to operate the generator. They are used widely in residential sectors for automatically providing the power back-up as soon as there is a loss of utility power supply. They help in the uninterrupted functioning of crucial elements like elevators in high-rise buildings, thereby ensuring the safety of people. Moreover, with the rapidly growing tourism industry in Egypt, proper power back-ups, especially in hotels, are mandatory to enhance customer experience & avoid any accidents. Hence, these aspects indicate the dominance of Stand-By diesel generators in the Egypt Diesel Generator Market, reveals MarkNtel Advisors in their research report, “Egypt Diesel Generator Market Analysis, 2023.”
According to MarkNtel Advisors, the leading players in the Egypt Diesel Generator Market include Caterpillar Inc., Cummins, FG Wilson, Perkins, MTU, Himoinsa, Atlas Copco, Kohler Power System, & Mitsubishi.
Key Questions Answered in the Study