openPR Logo
Press release

Madagascar Diesel Generator Set Market Will Propel at a 2.9% CAGR in This Decade

11-29-2022 10:09 AM CET | Energy & Environment

Press release from: P&S Intelligence

Madagascar Diesel Generator Set Market Will Propel at a 2.9% CAGR

The Madagascar diesel genset market was valued at $21,429.8 thousand in 2021, and the market will propel at a 2.9% CAGR during 2021-2030, to reach $27,755.7 thousand. The speedy growth in the construction and telecom sectors and the intensification in the incidence of power cuts are the main factors accountable for the growth of the market.

According to the World Bank, only about 27% of the population of Madagascar had access to electricity in 2019, which is one of the primary reasons for the increasing requirement for diesel gensets in the mining, telecom, construction, and residential sectors.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/madagascar-diesel-genset-market/report-sample

The telecom sector of Madagascar has profited from the snowballing rivalry among key operators such as Orange Madagascar, Airtel, and Telma. In 2021, the government relaxed the excise duty on telecom products to 8% from 10%, which is advantageous for customers. This opened the gates for a high requirement for diesel gensets in telecom towers to cope with the high-frequency power cuts.

Key Findings of Madagascar Diesel Genset Market

• The 15-75 kVA category held the largest share, of approximately 42%, in 2021. This is due to the increasing use of these gensets in residences, small industries, restaurants, hotels, telecom towers, and commercial complexes.

• Furthermore, the 376-750 kVA category is the second significant contributor to the Madagascar diesel genset market. The primary reason for this is the high requirement for these generators in industries and commercial complexes.

• The commercial application category is likely to grow at the highest rate in the years to come, propelling at a 3.9% CAGR. This can be primarily due to the constant advancement in the construction sector.

• The Madagascar diesel genset market is likely to be boosted by the increase in the requirement for power backup in the commercial and residential sectors and the development of the mining and construction industries.

Make inquiry before purchase of this report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=madagascar-diesel-genset-market

• Power consistency is an important prerequisite for Madagascar's economic development. Thus, the requirement for energy among public institutions of the country has augmented, to improve the eminence of the services provided to people.

• Key firms in the Madagascar diesel genset market are taking part in partnerships and alliances with the intention of staying ahead of their competitors. For example, Green Energy Solutions (GES) and Colas Madagascar entered into a collaboration in April 2021 to construct a hybrid power plant driven by solar energy for Colas Madagascar at the Ambokatra quarry and offer construction supplies within the country.

Browse more related reports:

Philippines DG Set Industry - https://www.psmarketresearch.com/press-release/diesel-generators-market-philippines

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

India Residential DG Set Industry - https://www.psmarketresearch.com/press-release/india-residential-diesel-genset-market

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://psintelligence.blogspot.com

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Madagascar Diesel Generator Set Market Will Propel at a 2.9% CAGR in This Decade here

News-ID: 2825979 • Views: 307

More Releases from P&S Intelligence

Workplace Transformation Market To Reach USD 57.9 Billion by 2030
The total size of the workplace transformation market was USD 16.2 billion in 2022, and it will grow at a compound annual growth rate of 17.3% by the end of this decade, to reach USD 57.9 billion by 2030, as per a report by P&S Intelligence. Creating office flexibility can set an institution different from its competitors. A big constituent in generating a flexible work atmosphere is to have supporting tech,
Gamification Market To Reach USD 70.4 Billion by 2030
A market research firm, P&S Intelligence, the value of the gamification market was USD 12.4 billion in 2022, and it will power at a brisk rate of 24.2% in the years to come, for reaching USD 70.4 billion by 2030. The growth of the industry has a lot to do with the rapid acceptance in the corporate sector, incorporation of social media with games, and increasing requirement for enhancing the customer
3D Printing Market To Reach USD 77,228 Million by 2030
The size of the 3D printing market was at USD 16,102 million in 2022, and it will reach USD 77,228 million by 2030, advancing at a rate of 21.7% by the end of this decade, as per a report by P&S Intelligence. The printer category had the largest share of over 40%. This is because this technology is still in acceptance phase by numerous large administrations. Industrial printers are highly required
Image Sensor Market To Reach USD 49,275 million by 2030
The total size of the image sensor market was USD 26,622 million in 2022, and it will grow at a rate of 8% during the projected period, to reach USD 49,275 million by 2030, as stated by P&S Intelligence. Progressions in optical molecular imaging are leading to new advancements in imaging, including improved accuracy and sensitivity. Furthermore, technical progressions in optical molecular imaging have expanded the scope for the usage of

All 5 Releases


More Releases for Madagascar

Madagascar: Country Intelligence Report - Expectation Surges with Rising Demand …
Madagascar: Country Intelligence Report, a new Country Intelligence Report by HTF, provides an executive-level overview of the telecommunications market in Madagascar today, with detailed forecasts of key indicators up to 2023. Click to get Madagascar: Country Intelligence Market Research Sample PDF Copy Here @: https://www.htfmarketreport.com/sample-report/728117-madagascar-country-intelligence-report Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband
2018 The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022
ResearchMoz presents Professional and In-depth Study of "The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect. ' ' GlobalDatas "The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022" report provides detailed analysis of the market trends, drivers and challenges in the Malagasy insurance industry. It provides key performance indicators
Madagascar Intelligence Report Market 2017: Key Players Airtel Madagascar, Orang …
Pune, India, 29th December 2017: WiseGuyReports announced addition of new report, titled “Madagascar: Country Intelligence Report”. Summary "Madagascar: Country Intelligence Report", a new Country Intelligence Report provides an executive-level overview of the telecommunications market in Madagascar today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony,
Madagascar plague: mitigating the risk of regional spread
Newspatrolling.com/Glamourtreat.com :This year plague came early to Madagascar and spread quickly. When it began to move out from the areas where it traditionally occurs, people became increasingly alarmed – both within the island nation and in neighbouring territories and countries. From August to late October 2017, more than 1800 suspected, probable or confirmed plague cases were reported, resulting in 127 deaths. This outbreak is unusually severe, and there are still five
Global Sweet Potato Market 2017- India, China, USA, Vietnam, Madagascar
Extensive primary and secondary research capabilities have been used to prepare the report Sweet Potato Industry. The report on the Sweet Potatomarket presents accurate market estimates and forecasts backed by in-depth primary and secondary research. The research report delivers key insights verified by key industry participants. These include market-leading participants, key clients and consumers, and product vendors and distributors. Download Sample Report @ http://www.fiormarkets.com/report-detail/30578/request-sample Significant industry insights, industry expectations, and key developments
New Cutting Edge Textile Testing Laboratory in Madagascar
SGS has recently established a textile testing laboratory at Madagascar, one of the important textile and garment manufacturing sites in the region. The new 160 m2 state-of–the-art facility is staffed by highly experienced technical personnel offering physical testing and services for a broad range of apparel and textile products. New State-of-the-Art Textile Testing Laboratory The new capacity and testing capabilities of the SGS Madagascar laboratory serve the country's ever expanding textile industry