Zambia Diesel Genset Market Trends, Business Strategies, Regional Outlook and Growth Forecast to 2030

By 2030, the Zambia diesel genset market is predicted to touch $21,210.5 thousand and was valued $13,762.1 thousand in 2021. The market is predicted to advance at a 4.9% CAGR owing to increasing backup power sources in hotels, offices, retail stores, hospitals, and residential buildings. Moreover, there is a dire need for these gensets in the oil and gas, power, manufacturing, and construction industries. In addition, the requirement for dependable and safe electric supply, swift urbanization, and constant government policies to develop and enhance electrification in the power sector will drive the market.

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The 15 -75 kVA category holds the biggest share in the Zambia diesel genset market accounting for more than 40% of the total sales. This can be credited to the sharply increasing demand in commercial complexes, hotels, small industries, telecom towers, restaurants, and residential facilities. Furthermore, apartments, as well as commercial complexes, have higher installation rates, coupled with better suitability in small-to-medium-sized locations. These factors assist in generating higher sales in this country during the forecast period.

The telecommunications industry is developing swiftly in Zambia. The snowballing demand for diesel gensets in the telecom sector will help in the Zambia diesel genset market growth. For instance, to encourage using information and communication technology for social inclusion and economic growth, the newly established government after the August 2021 elections formed the Ministry of Technology and Science. These initiations are supported by the enhancements in connectivity via international submarine cables and greater broadband access. Furthermore, the mobile access pricing and fixed-line for end-users have gone down in numbers.

Approximately 41% revenue share of the Zambia diesel genset market was generated by the industrial category because of the snowballing demand for diesel gensets in the country's industrial sector, especially for oil and gas production, power generation, and manufacturing in the form of a strong backup power source. This would not only strengthen the industrial infrastructure of the economy but also pave the way for increasing sales to reap larger profit margins.

The diesel generators play a pivotal role in the hospitals and clinics. There are diesel generators in the healthcare industry to give constant and consistent energy supply, and power backup for medical equipment. With the outbreak of COVID-19, the government has been surging the count of hospitals, which will propel the demand for gensets in Zambia. Thus, the growth of healthcare infrastructure and the genset market will go hand in hand.

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The highly-competitive Zambia diesel genset market is driven by new product launches. For instance, Volvo Penta enhanced its portfolio of generation of engines by launching the latest D13 power node named TAD1346GE 500 kVA. This well-grounded and fuel-efficient compact engine is a prominent part of the company's power provision. It is a major feature for a backup genset, exhibiting 100% power output, especially for emergency operations.

Hence, a dire need for power backup, and extensive government support, coupled with rising backup power sources will drive the market.

Browse more related reports:

Global Diesel Genset Industry Report - https://www.psmarketresearch.com/press-release/diesel-genset-market

Indonesia Diesel Genset Industry - https://www.psmarketresearch.com/press-release/indonesia-diesel-genset-market

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