Congo DG Set Market Present Scenario And The Growth Prospects 2030
In 2021, the Democratic Republic of the Congo diesel generator set market contributes $46.4 million, and it is projected to generate $62.1 million in 2030, rising at a rate of 3.3%. The country is home to an 85 million population, among those 12 million share their residential space in Kinshasa.
In addition, it holds the third-significant urban population in the sub-Saharan Africa region, after South Africa and Nigeria. Around 1 million people migrate to cities every year, due to the increasing requirement for standalone and backup power sources majorly in residential buildings, hospitals, retail stores, and hotels. Moreover, generators are massively utilized in manufacturing, oil & gas, construction, and power applications.
Moreover, infrastructure development is crucial for the government, and they are increasingly investing in the airport, transportation, and telecom infrastructure, and it is projected to drive Democratic Republic of the Congo diesel generator set market in the near future.
Furthermore, the 15–75 kVA capacity generators capture the significant revenue share of the diesel generator industry of the Congo. The rising demand for generators for residential applications contributes to 35% of the nation’s electricity consumption. In addition, most generator sets used in homes usually range between the capacity of 15kVA to 75kVA in rating.
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In addition, the Congo lures regional operators to make investments, including the extension of fiber networks of SCPT, and national telco in other cities. Moreover, numerous licenses have been issued to companies in the past few years for launching networks and services in the country. Mobile telephony penetrates 44% of the country's population, whereas the internet penetrates 3%, with ongoing development in the 3G/4G stage speed.
Its increasing investments escalate internet connectivity led by increased sales of mobile phones and supply of telecom equipment, that supports the telecom software development, led by new technologies and cybersecurity solutions. The telecom infrastructure development in the country is driven by the demand for diesel generator sets.
Therefore, the expansion of the telecom sector with the extension of fiber networks in various cities boosts the sales of diesel generators in the country.
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