The Kenya Diesel Generator Market is expecting less than 5% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The various ongoing & upcoming construction projects across industrial, commercial, & residential sectors, coupled with increasing mining activities as a source of economic fluidity in Kenya, are the prime aspects driving the diesel generator market in the country.
Besides, the growing unavailability of electricity due to grid failures & power outages across different end-user industries & rural areas are also contributing to the significantly growing demand for diesel generators and, in turn, augmenting the market growth.
Moreover, since corporate organizations cannot afford to lose a minute without electricity since it might lead to substantial revenue losses, the demand for diesel generators is burgeoning swiftly across these sectors and, in turn, propelling the overall market growth, further states the research report, “Kenya Diesel Generator Market Analysis, 2022.”
Rapidly Expanding Telecom Sector to Boost the Market through 2027
The telecom industry is anticipated to display the fastest growth in the Kenya Diesel Generator Market during the forecast period, i.e., 2022-27. It attributes principally to the rising demand for continuous power supply in telecom towers, coupled with benefits like low operational costs & subtle initial investments for diesel generators. Besides, rising telephony subscriptions & deployment of telecom towers in rural areas are other notable factors augmenting the demand for diesel generators across the telecom sector.
On the other hand, the residential sector is likely to contribute significantly to the overall market growth through 2027. It owes to the escalating demand for uninterrupted power supply to run different home appliances, i.e., surging the need for diesel generators as a primary & prominent backup source for electricity.
Besides, high cost-effectiveness, energy storage & availability are other benefits of diesel generators playing a crucial role in boosting the market across the residential sector, reveals MarkNtel Advisors in their research report, "Kenya Diesel Generator Market Analysis, 2022."
The leading players in the Kenya Diesel Generator Market are Caterpillar Inc., Cummins, FG Wilson, Perkins, MTU Onsite Energy Corporation, Kirloskar, Atlas Copco, SDMO Industries, and YorPower Ltd.
Key Questions Answered in the Study