Makret Forecsat By kVA Rating (5 kVA - 75 kVA, 75.1 kVA – 375 kVA, 375.1 kVA - 750 kVA, 750.1 KVA-1000 KVA, Above 1000 KVA), By Applications (Residential, Commercial, Industrial, Transportation & public Infrastructure), By Countries (Saudi Arabia, UAE, Qatar, Kuwait,Oman, Bahrain, Turkey) and Competitive landscape
Product Code: ETC090128 | Publication Date: May 2024 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Middle East Diesel Genset Market report thoroughly covers the market by Countries, KVA rating and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market 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.
Middle East Diesel Genset Market is expected to grow in the forecast period on the account of booming infrastructure, industrialization, and urbanization. The increasing demand for electricity has propelled the market for diesel gensets, a crucial source of backup power in industries, commercial establishments, hospitals, and residential complexes. The diesel genset market in the Middle East is forecasted to grow significantly, given the rising demand for reliable power supply, coupled with government initiatives to promote sustainable energy and support industrialization.
According to 6Wresearch, the Middle East Diesel Genset Market size is projected to grow at the CAGR of 4.9 % during the forecast period of 2024-2030. The Middle East has a thriving economy, fuelled by oil and gas exports, rising GDP, and investments in various sectors. This growth has led to an increase in power consumption, making backup power a necessity for critical applications. Diesel gensets have been the default choice for backup power in the region due to their reliability, durability, and low maintenance. Besides, many industries, oil rigs, and mines operate in remote or unstable areas with unreliable grid connectivity, making diesel gensets the only viable source of power. Furthermore, the region's unique climate, with high temperatures and frequent dust storms, requires robust and energy-efficient equipment that can withstand harsh conditions.
Despite the favourable market conditions, the Middle East diesel genset Industry faces several challenges that affect growth and sustainability. One of the main obstacles is the increasing competition from alternative backup power sources such as solar, wind, and battery storage. The shift towards sustainable energy sources has become a global trend, and the Middle East is no exception. The volatility of oil prices, which affects the region's economy, has an impact on the genset market, as well as the imposition of strict environmental regulations, which affect diesel gensets' emissions. The market is fragmented, with many small and medium players competing for market share, leading to price wars and reduced profit margins.
To support sustainable energy, reduce greenhouse gas emissions, and promote industrial growth, many governments in the Middle East have launched several initiatives and policies in the Diesel Genset Market in Middle East For instance, the Saudi Vision 2030 initiative aims to increase the contribution of renewable energy to the total energy mix, reduce oil dependency, and diversify the economy. Similarly, the UAE's Energy Strategy 2050 aims to increase the share of clean energy and reduce carbon emissions by 50%. The Oman Power and Water Procurement Company aims to develop renewable energy sources such as wind and solar power, reducing the reliance on diesel gensets. Besides, many governments offer subsidies, tax incentives, and funding opportunities to support the growth of sustainable energy.
The Middle East diesel genset market is highly competitive, with many established global players and local players vying for market share. The leading global players in the market include Caterpillar Inc, Cummins Inc, MTU Onsite Energy (Rolls-Royce Power Systems AG), and Kohler Co. The key local players include Saudi Diesel Equipment Co. Ltd, Energya Power Holding, and Jubaili Bros LLC. The global players have an advantage in terms of technology, R&D, and distribution networks, while the local players have a better understanding of the local market and customer needs and are contributing towards Middle East Diesel Genset Market Growth.
The Middle East diesel genset market is segmented into different countries, including Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, and Turkey. Among these countries, Saudi Arabia and UAE hold the largest share of the market, due to their high dependence on diesel gensets due to inconsistent grid power.
The diesel genset market is segmented based on the kVA ratings, including 5 kVA - 75 kVA, 75.1 kVA – 375 kVA, 375.1 kVA - 750 kVA, 750.1 KVA-1000 KVA, and above 1000 KVA. The 5 kVA-75 kVA segment is expected to increase Middle East Diesel Genset Market Share due to its wide applications in residential and small commercial settings.
According to Ravi Bhandari, Research Head, 6Wresearch, the commercial segment, including retail stores, hospitals, and hotels, holds the largest share of the market due to high power demand and the need for continuous power supply. Moreover, with the increasing number of commercial buildings in Middle Eastern countries, the demand for diesel gensets is expected to rise in this segment.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Diesel Genset Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Diesel Genset Market Revenues & Volume, 2020 & 2030F |
3.3 Middle East Diesel Genset Market - Industry Life Cycle |
3.4 Middle East Diesel Genset Market - Porter's Five Forces |
3.5 Middle East Diesel Genset Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Middle East Diesel Genset Market Revenues & Volume Share, By KVA, 2020 & 2030F |
3.7 Middle East Diesel Genset Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Middle East Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Diesel Genset Market Trends |
6 Saudi Arabia Diesel Genset Market, 2020-2030 |
6.1.1 Saudi Arabia Diesel Genset Market, Revenues & Volume, By KVA, 2020-2030 |
6.1.2 Saudi Arabia Diesel Genset Market, Revenues & Volume, By Application, 2020-2030 |
7 UAE Diesel Genset Market, 2020-2030 |
7.1 UAE Diesel Genset Market, Revenues & Volume, By KVA, 2020-2030 |
7.2 UAE Diesel Genset Market, Revenues & Volume, By Application, 2020-2030 |
8 Qatar Diesel Genset Market, 2020-2030 |
8.1 Qatar Diesel Genset Market, Revenues & Volume, By KVA, 2020-2030 |
8.2 Qatar Diesel Genset Market, Revenues & Volume, By Application, 2020-2030 |
9 Kuwait Diesel Genset Market, 2020-2030 |
9.1 Kuwait Diesel Genset Market, Revenues & Volume, By KVA, 2020-2030 |
9.2 Kuwait Diesel Genset Market, Revenues & Volume, By Application, 2020-2030 |
10 Oman Diesel Genset Market, 2020-2030 |
10.1 Oman Diesel Genset Market, Revenues & Volume, By KVA, 2020-2030 |
10.2 Oman Diesel Genset Market, Revenues & Volume, By Application, 2020-2030 |
11 Bahrain Diesel Genset Market, 2020-2030 |
11.1 Bahrain Diesel Genset Market, Revenues & Volume, By KVA, 2020-2030 |
11.2 Bahrain Diesel Genset Market, Revenues & Volume, By Application, 2020-2030 |
12 Turkey Diesel Genset Market, 2020-2030 |
12.1 Turkey Diesel Genset Market, Revenues & Volume, By KVA, 2020-2030 |
12.2 Turkey Diesel Genset Market, Revenues & Volume, By Application, 2020-2030 |
13 Rest of Middle East Diesel Genset Market, 2020-2030 |
13.1 Rest of Middle East Diesel Genset Market, Revenues & Volume, By KVA, 2020-2030 |
13.2 Rest of Middle East Diesel Genset Market, Revenues & Volume, By Application, 2020-2030 |
14 Middle East Diesel Genset Market Key Performance Indicators |
15 Middle East Diesel Genset Market - Opportunity Assessment |
15.1 Middle East Diesel Genset Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Middle East Diesel Genset Market Opportunity Assessment, By KVA, 2020 & 2030F |
15.3 Middle East Diesel Genset Market Opportunity Assessment, By Application, 2020 & 2030F |
16 Middle East Diesel Genset Market - Competitive Landscape |
16.1 Middle East Diesel Genset Market Revenue Share, By Companies, 2023 |
16.2 Middle East Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |
Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By KVA (5 - 75 KVA, 75.1 - 375 KVA, 375.1 - 750 KVA, 750.1 - 1000 KVA, Above 1000 KVA), By Application (Residential, Commercial , Industrial, Transportation & Public Infrastructure) And Competitive Landscape
Product Code: ETC090128 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Diesel Genset (Generator) Market is projected to grow over the coming years. Middle East Diesel Genset (Generator) Market is a part of our various regional publications globally.6W tracks Diesel Genset (Generator) Market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Diesel Genset (Generator) Market outlook report annually.
Middle East Diesel Genset (Generator) Market report comprehensively covers the market by kVA ratings, application and countries. The market report provides an unbiased and detailed analysis of the ongoing market 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.
Middle East Diesel Genset (Generator) Market Synopsis
Middle East Diesel Genset (Generator) Market is expected to register substantial growth owing to the rising population and inadequate generation of power supply. The rising number of government offices, shopping complex and industries beholds the development of the diesel genset market. Additionally, increasing number of chemical and power projects is likely to further expand the growth of the market. Economic diversification backed by upsurge investment of government in infrastructure is likely to boost the growth of the market.
According to 6Wresearch, Middle East Genset (Generator) Market size is projected to register growth during the forecast period 2021-2027. Massive urban development coupled with growing population drives the need for regular power supply in order to avoid the risk of power failure beholds the growth of the market. Moreover, the growth of the market is also driven by establishment of commercial offices backed by the development of roads and railways. The outburst of COVID-19 pandemic has led to the decline in the growth of the market backed by shutting down of manufacturing units and disruption in supply chain. However, the market is expected to boost owing to the lifting of restrictions and resumption of construction activities.
Market Analysis by kVA Ratings
On the basis of kVA Ratings, 5-75 kVA segment is likely to dominate the market owing to the increasing demand of generators on construction sites.
Market Analysis by Application
On the basis of application, the commercial segment is anticipated to register substantial growth owing to the increasing development in non-residential sector such as establishment of commercial and government offices.
Market Analysis by Geography
On the basis of Geography, the Saudi Arabia and UAE is expected to project immense growth owing to the availability of fuel during the forecast period.
 Key Attractiveness of the Report
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Key Highlights of the Report:
Market Segmentation: