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South America & Africa Diesel Generator Market is expected to grow with the CAGR of approximately 9.38% during the forecast period

12-11-2018 07:24 PM CET | Energy & Environment

Press release from: Market Research Future - MRFR

South America & Africa Diesel Generator Market ? Forecast to 2023

South America & Africa Diesel Generator Market ? Forecast to 2023

South America & Africa Diesel Generator Market by Power Rating (Upto 10 kW, 11 kW – 100 kW and Above 100 kW), by End-User (Residential, Commercial and Industrial), by Portability (Stationary and Portable), by Hybrid System Type (Solar Diesel and Wind Diesel), by Country (Colombia, Nigeria, Peru Congo, Sudan, Guatemala, Tanzania, Kenya, Ethiopia, Bolivia, Uganda and Other Countries) - South America & Africa Forecast to 2023

Market Scenario:
South America & Africa Diesel Generator Market is marked with the overall dependency of the energy consumers in South America & Africa for uninterrupted & reliable power through diesel generators. These diesel generators provide standby, prime & continuous power output, where the end user is facing frequent power outages and needs emergency power backup. Diesel generators for South America & Africa regions are poised to grow at a substantial rate as the growing urbanization & industrialization has resulted in demand for excess and uninterrupted electricity supply. Diesel generators provide prime, standby and continuous power output to residential, commercial & industrial sector, and is also a reliable source of power generation in emergency situation and at remote location.

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South America & Africa regions have most of the countries that are in their developing stage or are under-developed. These countries are highly reliable on standby power generation or non-conventional methods of power generation, as the overall power generation through conventional methods is expensive and is generated in smaller capacity than the actual demand. All these factors majorly result in power outage in these regions. Thus, most of the end users are heading towards the utilization of diesel powered generator. The diesel generator provides continuous, prime and standby power to the end users such as industries, hospitals, construction sites, remote & discrete sites, commercial and residential.

The growing demand for diesel generators in African & South American region is due to, rise in power outages and high average price of power produced through conventional power plants. These make the consumers, opt for an interminable & dependable power supply. The poor grid infrastructure and low power generation capacity have resulted in high investment in independent diesel generators unit. Diesel generators are more fuel efficient than other fuel type generators and also have a longer life span. Diesel generators provide reliable and continuous power supply according to consumer need with safe operations and high efficiency. All these major factors are driving the demand of diesel generators in South America & Africa.

Diesel generators for South America & Africa region are poised to grow at a substantial rate as the growing urbanization & industrialization has resulted into the demand for excess and uninterrupted electricity supply. Diesel generators provides prime, standby and continuous power output to residential, commercial & industrial sector and is also a reliable source of power generation in emergency situation and at remote location. The market is driven by various factors such as surge in power outages & power failure, growing demand for interminable & dependable power supply and growth in hybrid renewable energy systems. However, rise in renewable energy technologies and high operating & maintenance cost of diesel generator will act as restrains for the South America & Africa Diesel Generator Market.
South America & Africa Diesel Generator Market is expected to grow with the CAGR of approximately 9.38% during the forecast period.

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Market Segmentation
Regional Analysis
The South America & Africa Diesel Generator Market is growing tremendously under the influence of factors such as surge in power outages & power failure, growing demand for interminable & dependable power supply and growth in hybrid renewable energy systems.
Colombia is hugely investing in developing hybrid renewable energy system so to fulfill the growing demand for electricity. According to World Bank, the national electrification rate of Columbia in 2016 was 98% with about 90% rural electrification rate, also industrial sector contributed 34.00% of the total GDP. It was also observed that about 53.3% of firms experienced electrical outages, in 2016 with about 10.8% of firms owing or sharing a generator. The current scenario in the states of Colombia is the growing demand for electricity, which can be fulfilled through a hybrid renewable energy systems.
Nigeria is one of the biggest economies in Africa, with a GDP of 405,082.7 million USD, in 2016. However, Nigeria’s growth is harshly constrained by an inadequate supply of reliable electricity.

According to World Bank, the national electrification rate of Nigeria in 2016 was 45% with 36% rural electrification rate. Also industrial sector contributed 19.4% of the total GDP. It was also noticed that about 77.6% of firms experienced electrical outages, in 2016, with about 70.7% of firms owing or sharing a generator. Nigeria is currently receiving heavy aid & investment for the development of hybrid renewable energy systems and micro-grids. It has been forecast that diesel generator market in Nigeria will witness a substantial growth in forecast period.

Key Players
The key players of South America & Africa diesel generator market are Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Mitsubishi Heavy Industries Engine & Turbocharger, Ltd., AKSA Power Generation, Kohler Co., Rolls-Royce Power Systems AG, Wuxi Kipor Power Co. Ltd, Aggreko PLC, MAN Diesel & Turbo, General Electric Company and Wärtsilä.

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Table of Content:
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis 31
5.1.1 Threat of New Entrants 32
5.1.2 Bargaining Power of Suppliers 32
5.1.3 Threat of Substitutes 32
5.1.4 Bargaining Power of Buyers 32
5.1.5 Segment Rivalry 32
5.2 Supply Chain Analysis 33
11 Company Profile
11.1 Competitive Scenario 89
11.1.1 Competitive Landscape 89
11.2 Caterpillar Inc. 93
11.2.1 Company Overview 93
11.2.2 Financial Overview 93
11.2.3 Service Offering 94
11.2.4 Strategy 96
11.3 Cummins INC. 98
11.3.1 Company Overview 98
11.3.2 Financial Overview 98
11.3.3 Service Offering 99
11.3.4 Strategy 101
11.4 Generac Holdings Inc 103
11.4.1 Company Overview 103
11.4.2 Financial Overview 103
11.4.3 Service Offering 104
11.4.4 Strategy 105
11.5 Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. 106
11.5.1 Company Overview 106
11.5.2 Financial Overview 106
11.5.3 Service Offering 107
11.5.4 Strategy 107
11.6 AKSA Power Generation 109
11.6.1 Company Overview 109
11.6.2 Financial Overview 109
11.6.3 Service Offering 109
11.6.4 Strategy 110
11.7 Kohler Co. 111
11.7.1 Company Overview 111
11.7.2 Financial Overview 111
11.7.3 Service Offering 111
11.7.4 Strategy 112
11.8 Rolls-Royce Power Systems AG 113
11.8.1 Company Overview 113
11.8.2 Financial Overview 113
11.8.3 Service Offering 114
11.8.4 Strategy 115
11.9 Wuxi Kipor Power Co. Ltd 117
11.9.1 Company Overview 117
11.9.2 Financial Overview 117
11.9.3 Service Offering 117
11.9.4 Strategy 118
11.10 Aggreko PLC 119
11.10.1 Company Overview 119
11.10.2 Financial Overview 119
11.10.3 Product/Service Offering 120
11.10.4 Strategy 120
11.11 MAN Diesel & Turbo 122
11.11.1 Company Overview 122
11.11.2 Financial Overview 122
11.11.3 Product/Service Offering 123
11.11.4 Strategy 123
11.12 General Electric Company 125
11.12.1 Company Overview 125
11.12.2 Financial Overview 125
11.12.3 Product/Service Offering 126
11.12.4 Strategy 126
11.13 Wärtsilä Corporation 127
11.13.1 Company Overview 127
11.13.2 Financial Overview 127
11.13.3 Product/Service Offering 128
11.13.4 Strategy 129

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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