Posted On: 2019-09-20
Commercial segment is anticipated to drive the Middle East diesel genset market during the forecast period-6Wresearch
Middle East diesel genset market is projected to witness substantial growth during the forecast period on account of rising electricity demand from commercial, industrial, residential and tourism sector. The Middle East countries are witnessing huge investment inflows for development of infrastructure projects that is expected to boost the demand for diesel gensets as an auxiliary power resource to provide power backup.
According to 6Wresearch, Middle East Diesel Genset Market is expected to grow at a CAGR of 3.7% during 2019-25. Increase in demand of diesel gensets due to need of reliable power supply from manufacturing industries, transportation and communication systems, increased number of data centers, pharma industries and healthcare sector is expected to drive the growth of diesel gensets in the Middle East region.
According to Shefali Goel, Senior Research Analyst, Research and Consulting, 6Wresearch, 5-75 KVA rating diesel gensets acquired majority of the market share in the Middle East diesel genset market and are expected to dominate the market in terms of volume due to increasing demand from construction, retail & logistic, telecom and residential sectors.
Moreover, 75.1-375 kVA rating diesel genset would also experience healthy growth over the coming years owing to rising construction activities in the country and increasing government spending on transportation infrastructure in the region.
According to Alpana Tyagi, Research Associate, Research and Consulting, 6Wresearch, “to address the power requirements of the rapidly growing commercial sector in the Middle East region, the demand for diesel gensets is anticipated to propel the market revenues in the commercial segment of the overall diesel genset market revenues across the region.
Further, the segment is anticipated to dominate the market over the coming years as well owing to increasing development of non-residential commercial buildings including workshops, office spaces, hotels and tourist spots and other government buildings”, Alpana concluded.
Some of the key players in Middle East diesel genset market include: Caterpillar Inc., Cummins Inc., FG Wilson, Himoinsa Middle East, FZE, Aksa Power Generation, Kirloskar Middle East FZE, Kohler Power Systems, Atlas Copco AB, Perkins Engines Company Ltd and Saudi Diesel Equipment Co., Ltd.
"Middle East Diesel Genset Market (2019-2025)" report provides an in-depth analysis with 69 figures and 14 tables covered in more than 320 pages. The report estimates and forecast the overall Middle East diesel genset market by revenues, kVA ratings, applications, and countries that include Saudi Arabia, UAE, Qatar, Kuwait, Turkey and Iran. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.