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 Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Regions (Eastern, Northern, Western and Southern) and Competitive Landscape.
Product Code: ETC001815 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Tunisia Diesel Genset market currently, in 2023, has witnessed an HHI of 2176, Which has increased moderately as compared to the HHI of 1449 in 2017. The market is moving towards moderately competitive. 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.
Tunisia Diesel Genset Market report thoroughly covers the market by KVA rating and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Tunisia Diesel Genset Market is expected to grow as the country has traditionally relied on fossil fuels for its electricity production, but with the government’s focus shifting towards renewables, there has been a surge of interest in diesel gensets as a backup power source. Diesel genset manufacturers have recognized this potential and are leveraging the demand by introducing technologically advanced products that meet the country’s stringent emission regulations. The shift towards clean energy has also resulted in increased investment in renewable energy projects, which is expected to have an impact on the diesel genset market in the long run.
According to 6Wresearch, the Tunisia Diesel Genset Market size is projected to grow at a CAGR OF 8.1 % during the forecast period of 2024-2030. The primary driver for the diesel genset market in Tunisia is the unreliable power grid. Tunisia has one of the highest electricity consumption rates in North Africa, with an average demand of around 4,000 MW. However, the country's power infrastructure is unable to meet this demand, resulting in frequent power outages and load-shedding. This has led to increased demand for power backup solutions such as diesel gensets. Moreover, the country's rapidly growing economy has led to a surge in construction activities, with new commercial and residential projects cropping up all over the country. These developments require reliable and consistent power backup solutions, further boosting the genset market. There are certain challenges present in the market. One of the primary challenges faced by the diesel genset market in Tunisia is the high import tax levied on these products. This makes gensets expensive and limits their adoption, especially in the low-income segment of the population. Another challenge is the environmental impact caused by diesel gensets, which emit harmful pollutants that can lead to air pollution. This has led to increased scrutiny from regulatory bodies, which might impact the future of the Tunisia Diesel Genset Industry.
The government of Tunisia has taken several initiatives to promote the use of renewable energy sources, including solar and wind power. This has led to increased investment in these sectors, and several projects are currently underway. However, the government has also been supporting the diesel genset market by providing subsidies and tax incentives for companies investing in this sector. This has led to increased collaboration between the government and private players, further boosting the market.
The Tunisia diesel genset market has attracted several international and local players which are remarkably increasing the Tunisia Diesel Genset Market Share, including Caterpillar, Cummins, Perkins, FG Wilson, AKSA, and SDMO. These players offer a wide range of diesel gensets with different capacities and features to meet the needs of various customer segments, including industrial, commercial, and residential.
The Tunisia diesel genset market can be segmented based on their KVA ratings, and it is projected that the 5 KVA-75 KVA segment will experience the highest growth in the coming years. This is due to the rising demand for uninterrupted power supply in residential sectors, including households, apartment complexes, and small businesses. Additionally, this category is preferred in areas that are not yet connected to a reliable power grid, which is prevalent in Tunisia's rural areas and this factor is leading to Tunisia Diesel Genset Market Growth.
According to Shivankar, Research Manager, 6Wresearch, the residential genset market in Tunisia is majorly driven by the demand for off-grid electrification and backup power during power outages. This segment is expected to experience significant growth, driven by rising energy demand from the expanding population.
By Application
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Tunisia Diesel Genset Market Overview |
3.1 Tunisia Country Macro Economic Indicators |
3.2 Tunisia Diesel Genset Market Revenues & Volume, 2020 & 2030F |
3.3 Tunisia Diesel Genset Market- Industry Life Cycle |
3.4 Tunisia Diesel Genset Market- Porter's Five Forces |
3.5 Tunisia Diesel Genset Market Revenues & Volume Share, By KVA rating , 2020 & 2030F |
3.6 Tunisia Diesel Genset Market Revenues & Volume Share, By Application 2020 & 2030F |
4 Tunisia Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Tunisia Diesel Genset Market Trends |
6. Tunisia Diesel Genset Market, By KVA Ratings |
6.1 Tunisia Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2020 - 2030F |
6.2 Tunisia Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2020- 2030F |
6.3 Tunisia Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2020- 2030F |
6.3 Tunisia Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2020- 2030F |
6.3 Tunisia Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2020- 2030F |
7 Tunisia Diesel Genset Market, By Application |
7.1 Tunisia Diesel Genset Market Revenues & Volume, By Residential, 2020 - 2030F |
7.2 Tunisia Diesel Genset Market Revenues & Volume, By Commercial, 2020 - 2030F |
7.3 Tunisia Diesel Genset Market Revenues & Volume, By Industrial, 2020 - 2030F |
7.3 Tunisia Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2020 - 2030F |
8 Tunisia Diesel Genset Market Import-Export Trade Statistics |
8.1 Tunisia Diesel Genset Market Export to Major Countries |
8.2 Tunisia Diesel Genset Market Imports from Major Countries |
9 Tunisia Diesel Genset Market Key Performance Indicators |
10 Tunisia Diesel Genset Market- Opportunity Assessment |
10.1 Tunisia Diesel Genset Market Opportunity Assessment, By KVA rating , 2030 |
10.2 Tunisia Diesel Genset Market Opportunity Assessment, By Application, 2030 |
11 Tunisia Diesel Genset Market- Competitive Landscape |
11.1 Tunisia Diesel Genset Market Revenue Share, By Companies, 2023 |
11.2 Tunisia Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
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 Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Regions (Eastern, Northern, Western and Southern) and Competitive Landscape.
Product Code: ETC001815 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Tunisia Diesel Genset Market is expected to witness slow growth in the coming years owing to declining economic growth in the country. However, a spurred growth in the tourism and financial services sector, coupled with rising demand projections in the private consumption for basic commodities such as access to power and transportation are anticipated to contribute towards the growth of the Tunisia Diesel Genset market. Further, rising construction activities in the country on the back of increasing urbanization are expected to volunteer for the growth of the Tunisia diesel Genset market during the forecast period.
According to 6Wresearch, Tunisia Diesel Genset Market size is projected to witness growth during the forecast period 2020-26F. Despite being suffering slow economic growth, Tunisia has sound electricity access in the country and this is expected to restrain the growth of the Tunisia diesel Genset market during the forecast period. However, backed by the rising need for electric advancements coupled with efforts to avoid brownouts, the Tunisia diesel Genset market is expected to register moderate growth projections during the forecast period 2020-26F.
A sound-installed power production grid that tends to provide around 81 percent of the electricity to the country is expected to hinder the growth of the Tunisia Diesel Genset market. Moreover, reluctance to invest in the power sector by private as well as the public sector would further slow down the growth of the Tunisia diesel Genset market during the forecast period. Further, the government’s efforts to support the technical upgrades in the electricity grid system in the country coupled with laws to support energy generation from natural resources are expected to act as a barrier for the growth of the Tunisia Diesel Genset market in the upcoming six years.
The Tunisia diesel Genset market report thoroughly covers the market by kVA rating, verticals, and regions. Tunisia diesel Genset market outlook report provides an unbiased and detailed analysis of the ongoing Tunisia diesel Genset market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
Markets Covered
The Tunisia Diesel Genset market report provides a detailed analysis of the following market segments: