Kenya Diesel Gensets Market size is anticipated to grow at a CAGR of 3.9% during 2023-2029F

5-75 kVA diesel gensets by kVA ratings generated the highest revenue share in the Kenya Diesel Genset Market – 6Wresearch

In terms of kVA ratings, 5-75 kVA diesel gensets have emerged as the highest volume shareholder in the market in 2022, owing to their major deployment as power backup systems in the residential and commercial sectors. Moreover, Kenya government is targeting the construction of 2,50,000 affordable houses every year under the Affordable Housing Program in Finance Bill 2022/23, driving the demand for diesel genset market in the coming years.

According to 6Wresearch, the Kenya Diesel Gensets Market size is anticipated to grow at a CAGR of 3.9% during 2023-2029F. Kenya’s Vision 2030 aims to increase the manufacturing sector industry contribution to GDP from 7.2% in 2022 to 20% by 2030. The manufacturing sector would grow owing to Kenyan government initiatives such as Country Vision 2030, the Kenya Industrial Transformation Programme, and, the Big Four Agenda which demonstrate the government’s high level of commitment to revitalizing the manufacturing sector. The growing industrial sector would increase the demand for diesel gensets as backup power sources to mitigate the risks of power outages, voltage fluctuations, or grid failures.

Kenya plans to develop power utility projects such as Globeleq (UK) contracted Toyota Tsusho Corporation in February 2023 to build a geothermal plant costing USD 108 million near Menengai, Nakuru which is scheduled to be completed by 2025. Moreover, two more geothermal projects are in the pipeline in Menengai, one by Ormat and the other by Sosian, which would contribute to the market for diesel genset in the future.

According to Shivankar, Research Manager, 6Wresearch, the commercial sector is projected to grow significantly. The rising commercial sector with major upcoming office projects such as Purple Tower, The Atrium, and many others would need a constant power supply and thereby increase the demand for diesel gensets in the coming years.

The Kenya Diesel Genset Market (2023-2029) report provides an in-depth analysis with 9 figures and 8 tables, covered in 56 pages. The report comprehensively covers the market by kVA rating and application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.