South African Diesel Genset Market, Future Outlook 2025

South African Diesel Genset Market, Future Outlook 2025

Innovation and Integration Alongside Renewable Energy to Drive Future Growth Opportunities

Expected RELEASE DATE
30-Nov-2022
REGION
Africa
Research Code: MGB6-01-00-00-00
SKU: EG02277-AF-MO_27068

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Description

South Africa is arguably sub-Saharan Africa’s most developed economy and is home to the region’s largest energy sector. However, the country has faced a chronic energy crisis over the past decade. The country’s energy utility Eskom has been mismanaged, resulting in rapid degradation of the ageing coal-fired power fleet and insufficient maintenance of the transmission and distribution network. As a result, the country continuously faces loadshedding (scheduled localised blackouts), massively impacting the economy. The industry has looked to alternative backup power sources such as diesel-powered generators to avoid further operational losses. South Africa’s primary need for diesel gensets lies in standby applications for industries and businesses, not prime power use. The electricity grid is generally stable, and demand is linked directly to loadshedding. The country has no direct manufacturing of diesel generators and heavily relies on imports of engines, alternators or complete gensets from international markets. Growing population, higher standard of living and increased industrial/mining activity drive the demand for diesel gensets. Still, alternative technologies such as renewable sources (wind, solar), battery energy storage systems and gas generators are becoming increasingly popular, restraining the diesel Genset market growth. However, alternative distributed energy resources (DER) are, to date, still more expensive than diesel Genset and will remain so over the near future (five years). There are many opportunities for Genset distributors to overcome market restraints through innovative customer service and the ability to adapt and enter new market opportunities.

Description

South Africa is arguably sub-Saharan Africa’s most developed economy and home to the region’s largest energy sector. However, the country’s chronic energy crisis, most evident from the frequent loadshedding, largely stems from the failure of the national power utility, Eskom, to provide reliable, constant power supply due to its ailing coal-powered fleets and insufficient maintenance of the transmission and distribution network. The poor condition of South Africa’s national T&D network makes it prone to frequent unscheduled breakdowns, theft, and vandalization. The industry is looking at alternative backup power sources, such as diesel-powered generators, to avoid further operational losses. South Africa’s primary need for diesel gensets lies in standby applications for industries and businesses, not prime power use. The electricity grid is generally stable, with demand linked directly to loadshedding. The country has no direct manufacturing of diesel generators and heavily relies on the import of engines, alternators, or complete gensets from international markets. While population growth, higher living standards, and increased industrial/mining activity drive demand for diesel gensets, alternative technologies such as renewable sources (wind, solar), battery energy storage systems, and gas generators are increasingly popular, restraining the diesel genset market growth. However, alternative distributed energy resources (DER) are, to date, more expensive than diesel gensets and forecast to remain in the next 5 years. There are many opportunities for genset distributors to overcome market restraints through innovative customer services and the ability to adapt and enter new market opportunities.

Author: John Raspin

Table of Contents

Summary and Conclusions

Key Highlights of the Global Diesel Generator Industry

Challenges Faced by the Diesel Generator Industry in South Africa

South African Diesel Generator Industry—Actuals vs Forecast

Diesel Generator Industry Historical Sales

Top Predictions Beyond 2022

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the South African Diesel Genset Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Scope

Macroeconomic Outlook

Energy Industry

Growth Drivers

Growth Drivers (continued)

Growth Drivers (continued)

Growth Restraints

Growth Restraints (continued)

Growth Restraints (continued)

Diesel Generator Market

Diesel Generator Market by Power Range

Diesel Generator Market Analysis

Diesel Generator Market Analysis (continued)

Diesel Generator Market by Application Sector

Diesel Generator Market Share

Diesel Generator Engine and Alternator Analysis

Diesel Generator Competitor Activity Analysis

Diesel Generator Competitor Activity Analysis (continued)

Growth Opportunity 1: Diesel Genset Technology Merging with Alternative Distributed Energy Resources

Growth Opportunity 1: Diesel Genset Technology Merging with Alternative Distributed Energy Resources (continued)

Growth Opportunity 2: Incorporating Diesel Gensets in Charging Stations for Electric Vehicles

Growth Opportunity 2: Incorporating Diesel Gensets in Charging Stations for Electric Vehicles (continued)

Key Conclusions

Key Conclusions and Future Outlook

Learn More— Next Steps

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

South Africa is arguably sub-Saharan Africa’s most developed economy and is home to the region’s largest energy sector. However, the country has faced a chronic energy crisis over the past decade. The country’s energy utility Eskom has been mismanaged, resulting in rapid degradation of the ageing coal-fired power fleet and insufficient maintenance of the transmission and distribution network. As a result, the country continuously faces loadshedding (scheduled localised blackouts), massively impacting the economy. The industry has looked to alternative backup power sources such as diesel-powered generators to avoid further operational losses. South Africa’s primary need for diesel gensets lies in standby applications for industries and businesses, not prime power use. The electricity grid is generally stable, and demand is linked directly to loadshedding. The country has no direct manufacturing of diesel generators and heavily relies on imports of engines, alternators or complete gensets from international markets. Growing population, higher standard of living and increased industrial/mining activity drive the demand for diesel gensets. Still, alternative technologies such as renewable sources (wind, solar), battery energy storage systems and gas generators are becoming increasingly popular, restraining the diesel Genset market growth. However, alternative distributed energy resources (DER) are, to date, still more expensive than diesel Genset and will remain so over the near future (five years). There are many opportunities for Genset distributors to overcome market restraints through innovative customer service and the ability to adapt and enter new market opportunities.
More Information
Industries Energy
No Index No
Is Prebook Yes
Podcast No
WIP Number MGB6-01-00-00-00