Market Forecast By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA and Above 1000 kVA), By Verticals (Residential, Commercial, Industrial and Transportation & Infrastructure), By Regions (Northern and Southern) and Competitive Landscape
Product Code: ETC060971 | Publication Date: Aug 2021 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 24 | No. of Tables: 5 | |
Ethiopia Diesel Genset market currently, in 2023, has witnessed an HHI of 3602, Which has increased slightly as compared to the HHI of 2728 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Ethiopia Diesel Genset Market report comprehensively covers the Diesel Genset market by kVA ratings, applications, and regions. The report provides an unbiased and detailed analysis of the diesel Genset market on-going trends, opportunities, high growth areas, market drivers, and market share by companies which would help the stakeholders to devise and align their market strategies to the current and future market dynamics.
Ethiopia Diesel Genset Market Synopsis
Ethiopia Diesel Genset Market declined in 2020 due to the ongoing pandemic of COVID-19, which caused a halt to economic and manufacturing activities across the country. The Ethiopian market is primarily import-driven, and disruptions in the supply chain and international trade have significantly impacted the diesel genset market in the country. However, an upsurge in the construction activities, tourism sector, and manufacturing sectors under the ambit of “Growth and Transformation Plan-III” and Ethiopia vision 2025 plan is anticipated to boost the diesel genset market in the upcoming years. Projects such as the Awash railway project, 250ha agricultural processing park, Public Service Depo Jemo site, among others launched by the Ethiopian government, would act as catalysts for the overall growth of the diesel genset market in Ethiopia.
According to 6Wresearch, Ethiopia Diesel Genset Market size is projected to grow at CAGR of 7.5% during 2021-27. Attributed to the presence of a robust industrial sector in Ethiopia along with a rapidly growing automotive sector, the diesel gensets market in the country accounted for a major share in the market. However, the market is projected to exhibit highest growth rate on account of flourishing construction and industrial segments providing immense opportunities for the diesel gensets demand in the country during the forecast period. Further, the Ethiopia Vision 2030 and the National Transformation Programme 2020 are a few of the government initiatives, which aims at developing and strengthening public service sectors such as healthcare, education, infrastructure and tourism, creating a huge demand for power backup equipment for the developmental activities, leading to a surge in demand for Diesel Genset Market in Ethiopia.
Market Analysis by Application
By applications segment, the industrial sector accounted for the highest revenue share in the overall market in 2020 owing to increasing industrial output and the upcoming industrial parks in the country. Moreover, the increasing number of textile and leather manufacturing industries has also raised the demand for diesel gensets over the last few years. The Ethiopian government is taking a proactive approach to make Ethiopia a light manufacturing hub in Africa and a lower-middle-income economy by 2025. Further, during the forecast period, the commercial segment is anticipated to exhibit the highest growth due to hotel expansions and the flourishing banking industry in the country.
Market Analysis by kVA Rating
In Ethiopia, Diesel Gensets with a rating of 75.1 kVA-375 kVA accounted for the majority of revenue share in the overall market in 2020 due to increased demand for diesel gensets across sectors such as hospitality, industrial, mining, and construction. Growing road infrastructure investment would further drive the market as the Ethiopian government intends to invest around $194 mn to construct four new roads comprising a length of 299 km. Increasing utilization of lower power rating gensets across domains, such as telecom infrastructure and the commercial sector, would help the 75.1 kVA-375 kVA diesel genset market segment maintain its dominance throughout the forecast period.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Ethiopia Diesel Genset Market Overview |
3.1 Ethiopia Diesel Genset Market Revenues and Volume, 2017-2027F |
3.2 Ethiopia Diesel Genset Market-Industry Life Cycle |
3.3 Ethiopia Diesel Genset Market-Porter’s Five Forces |
3.4 Ethiopia Diesel Genset Market Revenue and Volume Share, By kVA Ratings, 2020 & 2027F |
3.5 Ethiopia Diesel Genset Market Revenues and Volume Share, By Applications, 2020 & 2027F |
3.6 Ethiopia Diesel Genset Market Revenues Share, By Regions, 2020 & 2027F |
4. Ethiopia Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Ethiopia Diesel Genset Market Trends |
6. Ethiopia Diesel Genset Market Overview, By kVA Ratings |
6.1 Ethiopia Diesel Genset Market Revenues and Volume, By Up to 75 kVA, 2017-2027F |
6.2 Ethiopia Diesel Genset Market Revenues and Volume, By 75.1 KVA - 375 kVA, 2017-2027F |
6.3 Ethiopia Diesel Genset Market Revenues and Volume, By 375.1 KVA - 750 kVA, 2017-2027F |
6.4 Ethiopia Diesel Genset Market Revenues and Volume, By 750.1 KVA - 1000 kVA, 2017-2027F |
6.5 Ethiopia Diesel Genset Market Revenues and Volume, By Above 1000 kVA, 2017-2027F |
7. Ethiopia Diesel Genset Market, By Applications |
7.1 Ethiopia Diesel Genset Market Revenues, By Commercial, 2017-2027F |
7.2 Ethiopia Diesel Genset Market Revenues, By Industrial, 2017-2027F |
7.3 Ethiopia Diesel Genset Market Revenues, By Residential, 2017-2027F |
7.4 Ethiopia Diesel Genset Market Revenues, By Transportation & Infrastructure, 2017-2027F |
8. Ethiopia Diesel Genset Market, By Regions |
8.1 Ethiopia Diesel Genset Market Revenues, By Northern Region, 2017-2027F |
8.2 Ethiopia Diesel Genset Market Revenues, By Southern Region, 2017-2027F |
9. Ethiopia Diesel Genset Market Key Performance Indicators |
10. Ethiopia Diesel Genset Market Opportunity Assessment |
10.1 Ethiopia Diesel Genset Market Opportunity Assessment, By kVA Ratings, 2027F |
10.2 Ethiopia Diesel Genset Market Opportunity Assessment, By Verticals, 2027F |
10.3 Ethiopia Diesel Genset Market Opportunity Assessment, By Regions, 2027F |
11. Ethiopia Diesel Genset Market Competitive Landscape |
11.1 Ethiopia Diesel Genset Market Revenues Share, By Company, 2020 |
11.2 Ethiopia Diesel Genset Market Competitive Benchmarking, By Technical Parameters |
11.3 Ethiopia Diesel Genset Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
12.1 Atlas Copco Industrial Equipment Co. |
12.2 Caterpillar Inc. |
12.3 Cummins Inc. |
12.4 Aksa Power Generation |
12.5 Deutz AG |
12.6 Kirloskar Oil Engines Limited |
12.7 Generac Power Systems, Inc |
12.8 Yanmar Holdings Co. Ltd. |
12.9 Kohler Co. |
12.10 MTU Onsite Energy Corporation |
12.11 JET Electric Machinery Co. Ltd |
13. Key Strategic Recommendation |
14. Disclaimer |
List of Figures |
Figure 1. Ethiopia Diesel Genset Market Revenues and Volume, 2017-2027F ($ Million, Units) |
Figure 2. Ethiopia Diesel Genset Market Revenue Share, By kVA Ratings, 2020 & 2027F |
Figure 3. Ethiopia Diesel Genset Market Volume Share, By kVA Ratings, 2020 & 2027F |
Figure 4. Ethiopia Diesel Genset Market Revenue Share, By KVA Applications, 2020 & 2027F |
Figure 5. Ethiopia Diesel Genset Market Revenue Share, By Regions, 2020 & 2027F |
Figure 6. Ethiopia Industrial Sector Growth Rate, 2014-2019 (% Y-o-Y) |
Figure 7. Ethiopia Industrial Sector GDP Share, 2014-2019 (% of Total) |
Figure 8. Ethiopia Electricity Access, 2014-2019 (% of Population) |
Figure 9. Ethiopia Diesel Genset Market Revenues, By Up to 75 KVA Ratings, 2017-2027F ($ Million) |
Figure 10. Ethiopia Diesel Genset Market Revenues, By 75.1 KVA - 375 KVA , 2017-2027F ($ Million) |
Figure 11. Ethiopia Diesel Genset Market Revenues, By 375.1 KVA - 750 KVA, 2017-2027F ($ Million) |
Figure 12. Ethiopia Diesel Genset Market Revenues, By 750.1 KVA - 1000 KVA, 2017-2027F ($ Million) |
Figure 13. Ethiopia Diesel Genset Market Revenues, By Above 1000 KVA, 2017-2027F ($ Million) |
Figure 14. Ethiopia Diesel Genset Market Revenues, By Northern Region, 2017–2027F ($ Million) |
Figure 15. Ethiopia Diesel Genset Market Revenues, By Southern Region, 2017–2027F ($ Million) |
Figure 16. Ethiopia Sectoral Contribution to GDP, 2014-2019 (Billion Birr) |
Figure 17. Ethiopia Sectoral Contribution to GDP Share, 2014-2019 |
Figure 18. Ethiopia Manufacturing Sector GDP Share, 2014-2019 |
Figure 19. Ethiopia Manufacturing Sector Value added, 2014-2019 (current US$) |
Figure 20. Ethiopia Manufacturing Sector Annual Growth Rate, 2014-2019 |
Figure 21. Ethiopia Diesel Genset Market Opportunity Assessment, By kVA Ratings, 2027F |
Figure 22. Ethiopia Diesel Genset Market Opportunity Assessment, By Applications, 2027F |
Figure 23. Ethiopia Diesel Genset Market Opportunity Assessment, By Applications, 2027F |
Figure 24. Ethiopia Diesel Genset Market Revenue Share, By Companies, 2020 |
List of Tables |
Table 1. Ethiopia Ongoing Mega Construction Projects, 2021 |
Table 2. Ethiopia Diesel Genset Market Revenues, By Applications, 2017–2027F ($ Million) |
Table 3. Ethiopia Ongoing Hotel Projects, 2021 |
Table 4. Ethiopia Agriculture, Industry and Services GDP and Growth Rate, 2014-2019 |