Tanzania Diesel Generator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Tanzanian diesel generator market is expected to record a CAGR of around 3.6% during the forecast period. The COVID-19 outbreak significantly impacted the country’s diesel generator (DG) market due to reduced power demand caused by the slowdown in major sectors like manufacturing and construction. It was estimated that, in 2020, the production capacity in the light products manufacturing industry of all the East African nations reduced to 42% during the pandemic, from over 50% before the outbreak. The Tanzanian DG market is likely to grow due to the country’s deteriorated power supply scenario and the increasing industrial development. However, the market’s growth can be hindered by stringent regulations by the government on various industries to reduce the carbon-emission rate by adopting a cleaner method of power generation.
Key HighlightsThe Tanzanian diesel generator market is moderately fragmented. Some of the key players in the market include Masterpower Generator Industry and Trading Inc., African Power Machinery (TZ) Ltd, Aksa Power Generation, Caterpillar Inc., and Phoenix Diesel Power Ltd.
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