The South African DG set market is projected to be worth USD 159,129.0 thousand by 2030, growing at a CAGR of 3.9%, according to P&S Intelligence. This growth can be ascribed to the high demand for medium- and high-power diesel gensets from the commercial industry and the development in the construction and manufacturing sectors.
The development in such industries is because of the macroeconomic growth, surge in capital investments by private and public-private companies, and government support and steps to boost foreign and domestic expenditure in numerous sectors.
Furthermore, hybrid generators are gaining more and more traction in the nation as they have reduced functioning prices and are less dependent on a single fuel. Moreover, the regular power cuts in the nation have caused crippling traffic delays, and also less mining activities, and reduced factory production. DG sets play a vital role in such industries by guaranteeing constant power supply for smooth processes, particularly in remote locations with no or undependable grid connectivity.