Insufficient power supply is boosting the demand for diesel and gas generators (gensets) in African countries, a new report claims.
GlobalData’s research showed diesel and gas gensets had a market value worth $450million (£287million) last year, which could reach $950.7million (£606.9million) by 2020.
The report shows the inability of African countries to meet power demands has resulted in large-scale use of electricity gensets, with Nigerian manufacturers leading the market.
It claims if little is done to improve power networks across Africa, it could be the next major growth destination for international genset manufacturers.
The researchers claim only 30% of electricity demand is being met in Nigeria and only 45% of the population have access to electricity.