Africa Genset Rental Market (2020-2026) | Size, Analysis, Share, Revenue, Forecast, Trends, Growth, industry, Outlook & COVID-19 IMPACT

Latest 2023 Developments of the Africa Genset Rental Market

The Africa Genset Rental Market is witnessing success and one of the significant trends in the market is the rising demand for sustainable power solutions which includes solar- and wind-powered generators. Growth in mobile apps which enable customers to rent gen-sets online is another crucial development of the market. The tech-driven approach allows businesses in the market to access reliable power sources efficiently and rapidly without navigating complex logistics manually. A number of players offer customized rental packages tailored explicitly in order to meet the needs of their clients. Personalized rentals support businesses to save money by paying only for what they require. In addition, there is a growth in collaborations between telecom providers and Genset rental companies, which stimulates the Africa Genset Rental Market Growth.

Topics Covered in The Africa Genset Rental Market

Africa Genset Rental Market report thoroughly covers the market by types, kVA Rating, applications, prime applications, verticals, and countries. The Africa Genset rental market outlook report provides an unbiased and detailed analysis of the ongoing Africa Genset rental 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.

Africa Genset Rental Market Synopsis

Africa Genset Rental market is anticipated to show significant growth during the forecast period on account of rising energy demand from a growing population along with unreliable electricity supply in the region. Increasing commercialization, and expanding the manufacturing sector coupled with continuous government efforts to provide basic amenities to all citizens would drive the Genset rental market in Africa during the forecast period. The major coronavirus outbreak in the region would hamper the Genset rental market growth resulting in negative growth in the current year. However, demand would pick up during the second half of FY21 with a revival in economic activities. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in overall market growth.

According to 6Wresearch, the Africa Genset Rental Market size is projected to grow at a CAGR of 9.5% during 2020-2026. Growing power demand by the industrial and manufacturing sector would be a key driving factor for Genset rental market growth on account of the ageing grid infrastructure in the region. Further, increasing construction activities, development in oil & gas verticals, and shortage of electricity in peak hours would increase the dependence on rental Gensets as a source of continuous power supply which would result in healthy growth of the Genset rental market over time.

Market Analysis by Component Types

On the basis of component types, Diesel Genset above 375 kVA acquired a significant market share in the Africa Genset rental market in 2019 owing to its high usage in the oil & gas sector which requires a continuous and efficient power supply. However, gas Gensets are also expected to gain prominence during the forecast period owing to rising environmental awareness among the people and strict environmental norms implemented by governments across the region.

Africa Genset Rental Market: Key Players

The competition in the market is becoming more instance as the number of industry players is growing with each passing day owing to the opportunities that are arising in the sector. The leading industry players in the Africa Genset Rental Industry are Aggreko PLC, Atlas Copco, Caterpillar Inc., Cummins Inc., Aksa Power Generation, Teksan, APR Energy, Himoinsa S.L., United Rentals Inc., AGCO Corporation. These players are aiding the market to move smoothly by meeting the needs of the consumers in the region. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Africa Genset Rental Market Outlook
• Africa Genset Rental Market Overview
• Africa Genset Rental Market Forecast
• Historical Data & Forecast of Africa Genset Rental Market Revenues for the Period 2016-2026F
• Historical Data & Forecast of Africa Genset Rental Market Revenues, By Countries, for the Period 2016-2026F
• Historical data & Forecast of Algeria, Ghana, Egypt, Nigeria, Kenya, South Africa, and Ethiopia Genset Rental Market Revenues, By Types, for the Period 2016-2026F
• Historical data & Forecast of Algeria, Ghana, Egypt, Nigeria, Kenya, South Africa, and Ethiopia Genset Rental Market Revenues, By kVA Rating, for the Period 2016-2026F
• Historical data & Forecast of Algeria, Ghana, Egypt, Nigeria, Kenya, South Africa, and Ethiopia Genset Rental Market Revenues, By Application, for the Period 2016-2026F
• Historical data & Forecast of Algeria, Ghana, Egypt, Nigeria, Kenya, South Africa, and Ethiopia Genset Rental Market Revenues, By Prime Application, for the Period 2016-2026F
• Historical data & Forecast of Algeria, Ghana, Egypt, Nigeria, Kenya, South Africa, and Ethiopia Genset Rental Market Revenues, By Verticals, for the Period 2016-2026F
• Africa Genset Rental Market Drivers and Restraints
• Africa Genset Rental Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Africa Genset Rental Market Opportunity Assessment
• Africa Genset Rental Market Player’s Revenue Shares
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Diesel Genset Rental
• Gas Genset Rental

By kVA Rating

• Diesel Genset
• Below 100 kVA
• 1-350 kVA
• 1-750 kVA
• 1-1000 kVA
• Above 1000 kVA
• Gas Genset
• Below 100 kVA
• 1-375 kVA
• 1-1000 kVA
• Above 1000 kVA
• By Applications
• Standby Genset Rental
• Prime/ Continuous Genset Rental
• By Prime Applications
• Peak Load
• Base Load
• By Verticals
• Utilities
• Oil & gas
• Construction
• Manufacturing
• Quarrying & Mining
• Commercial
• Others (Agriculture, Municipal Work, and Events)
• By Countries
• Algeria
• Ghana
• Egypt
• Nigeria
• Kenya
• South Africa
• Ethiopia
• Rest of Africa