Southeast Asia Tyre Market | Africa Diesel Genset Market | Africa Elevator and Escalator Market | Nigeria Diesel Genset Market | North America Gas Genset Market (2018-2024)

Southeast Asia Tyre Market

South East Asia tyre market size is projected to grow at a CAGR of over 8.3% during 2018-24. Radial Tyre is the key revenue generating segment in the South East Asia tyre market revenues owing to its low life cycle cost and high deployment, especially in the passenger vehicles and two & three-wheeler vehicles. In passenger vehicles, majorly radial tyres are installed due to availability of certain key features such as higher safety, long-term value and lower life-cycle cost. Further, radial tyres are expected to maintain its dominance during the forecast period as well due to surge in the sales of passenger vehicles in the region.

Africa Diesel Genset Market

Africa diesel genset market size is projected to grow at a CAGR of 3.5% during 2018-24. In Africa, diesel gensets with rating 5kVA-75kVA captured key slice in Africa Diesel Genset market share due to growth in residential and telecom sectors, which are prime users of low rating diesel gensets. These gensets are expected to maintain their dominance in the market throughout the forecast period as well due to their low cost and widespread application across multiple verticals. Growth in mining and oil & gas exploration in countries such as Tanzania, Ghana and Egypt would also spur Africa diesel gensets market forecast revenues.

Africa Elevator and Escalator Market

Africa Elevators and Escalators Market size is projected to grow at a CAGR of 6.7% during 2018-24. The commercial and residential segments are expected to grow in future due to expected increase in FDI and urbanization across all major countries would boost Africa Elevators and Escalators Market forecast revenues. Additionally, major hotel chains are expanding their presence across several countries and large-scale government infrastructure development such as airport expansion, metro expansion and development of other social infrastructure. The strengthening of construction sector would imply an increase in the demand for elevators and escalators in the African region.

Nigeria Diesel Genset Market

Nigeria diesel genset market size is projected to grow at a CAGR of 2.8% during 2018-24. In Nigeria, diesel gensets with ratings 375.1-750 kVA accounted for majority of the revenue share in 2017. However, diesel gensets in the 5-75 kVA range would continue to dominate the market in volume terms during the forecast period due to their widespread use in the residential, telecom and banking sectors.

North America Gas Genset Market

North America Gas Genset market is projected to grow at a CAGR of 5.4% during 2018-24. Growing electricity demand with rising population, industrialization, low operational cost of gas gensets as well as growing demand for clean and reliable power supply and expansion of gas pipeline infrastructure in the United States, Canada and Mexico would drive the growth of gas genset market in the North America region. Moreover, high power losses in many North American countries due to increasing frequency of grid failures on account of inability to sustain amplified demand load and high susceptibility to extreme weather conditions would also augment the growth of gas genset market in the region. Additionally, upcoming projects such as Google Data Centre, Mountain Valley Pipeline Project and Eagle Ford Shale would further drive the demand for gas gensets in the region.

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