October 06, 2022 05:53 ET | Source: Research and Markets Research and Markets
Dublin, Oct. 06, 2022 (GLOBE NEWSWIRE) -- The "Ghana DG Set Market Report: By Power Rating, End Use - Industry Trends and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The Ghana DG set market in 2021 was valued at $54,572.6 thousand, which is set to reach $67,032.6 thousand by 2030, advancing at a 2.3% CAGR from 2021 to 2030. 1200 Kw Generator
This is because diesel generators are extensively used in energy and power, manufacturing, mining, construction, office, hotel, telecom, hospital, locomotive, and small industrial applications in the country. Other factors propelling the market include the surging instance of power cuts, increasing price of electricity, and rising demand for power in industries. During the COVID-19 pandemic, the requirement for diesel gensets in Ghana reduced, due to the stoppage in manufacturing activities, which, in turn, led to a low power demand. Additionally, the export and import of such systems were affected, which hampered the Ghana DG set market growth.
However, due to the reopening of offices and manufacturing facilities, as well as the increasing economic activities, the sector has seen a significant comeback since 2021.
In 2021, gensets with a power rating of 15-75 kVA generated the most income ($21,443.5 thousand) in the Ghana DG set market. These systems have a high deployment rate in commercial complexes and residential apartments, such as small-scale enterprises, retail stores, and telecom towers, due to their adaptability to small-to-medium-sized settings. The major players in the m Ghana DG set market have been focused on launching new products, expanding their facilities, and collaborating with other companies, to improve their portfolios. These players include SUMEC Group Corporation, Siemens AG, General Electric Company, Mitsubishi Heavy Industries Ltd., Aggreko Ltd., Kohler Co., Caterpillar Inc., Atlas Copco AB, Cummins Inc., and Jubaili Bros. Key Findings of Ghana DG Set Market Report
Overview of the Power Sector in Ghana
1200kw Diesel Generator For more information about this report visit https://www.researchandmarkets.com/r/15jj0z