Market Forecast By kVA ratings (5 kVA to 75 kVA, 75 kVA to 375 kVA, 375 kVA to 750 kVA, 750 kVA to 1000 kVA & Above 1000 kVA), By Applications(Commercial (Hospitality, BFSI, IT & ITES, Construction, Offices), Industrial, Residential, Transport and Public Infrastructure) and Competitive Landscape.
Product Code: ETC001036 | Publication Date: Dec 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Qatar Diesel Genset market currently, in 2023, has witnessed an HHI of 1978, Which has increased slightly as compared to the HHI of 1437 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Qatar Diesel Genset Market report thoroughly covers the market by 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.
Qatar Diesel Genset Market is expected to grow in the forecast period mainly due to need for reliable and uninterrupted power supply. Due to the country's extreme climate conditions, power outages caused by the high demand for electricity during peak hours are common. Thus, the need for power backup solutions like diesel gensets has become essential for industries, households, and commercial spaces. The rise in construction activities, increasing population, and growing industrialization are major factors driving the market. Additionally, the government’s focus on providing reliable and affordable electricity, particularly during peak demand periods, also drives genset usage.
According to 6Wresearch, the Qatar Diesel Genset Market size is projected to grow at the CAGR of 4.68 % during the forecast period of 2025-2031. One of the key drivers of the diesel genset market in Qatar is the increasing demand for power. Qatar's economic growth has been rapid in recent years, with the population growing. This growth has increased the demand for electricity, making it more challenging to maintain a reliable power supply. The country's commitment to reducing carbon emissions has also made the diesel genset market more attractive, as diesel gensets are more eco-friendly than traditional generators. The significant factors driving the Diesel Genset Market in Qatar include the need for reliable power in the construction industry, an increasing demand for electricity in the healthcare sector, rising environmental concerns, and the scarcity of natural resources. Other drivers include the increasing oil and gas exploration activities, the government's push for public-private partnerships, and the adoption of advanced technologies across various sectors. Although the diesel genset market in Qatar has a positive outlook, there are challenges that need to be addressed. One of the significant challenges includes the increasing costs of fuel. Moreover, the noise pollution from diesel gensets has become a significant concern, and the government has implemented policies to reduce noise levels. Additionally, the high initial investment costs and maintenance expenses for gensets are significant challenges for small and medium-sized industries and this has led to decrease in Qatar Diesel Genset Market Growth.
The Qatari government has taken several initiatives to support the growth of the diesel genset market. One of the most significant initiatives is the National Vision 2030, which aims to promote the country's sustainable development. The government has also introduced policies that encourage the use of clean and renewable energy, including incentivizing the use of diesel gensets that are more eco-friendly. The government has also made significant investments in solar power deployment, which is fuelling the demand for hybrid gensets in the country. Additionally, the government has also introduced emission regulations that restrict the use of old and outdated gensets.
Some of the key players operating in the Qatar Diesel Genset market include Cummins Inc., Caterpillar Inc., Atlas Copco AB, MTU Onsite Energy, and Generac Power Systems, Inc. These companies are engaged in expanding their product portfolios, exploring new business strategies, and adopting advanced technologies to remain competitive in the market and significantly contributing towards rise in Qatar Diesel Genset Market Share.
The Qatar Diesel Genset Industry is segmented by kVA rating. The segments are as follows: 5 kVA - 75 kVA, 75.1 kVA – 375 kVA, 375.1 kVA - 750 kVA, 750.1 KVA-1000 KVA, and above 1000 KVA. The 375.1 kVA - 750 kVA segment is expected to grow the fastest during the forecast period (2024-2030). The growth of this segment can be attributed to the increasing demand for power in the industrial and commercial sectors in Qatar. These sectors require higher electricity supply and power backup.
According to Shivankar, Research Manager, 6Wresearch, the Qatar diesel genset market is also segmented by application. The segments are as follows: residential, commercial, industrial, and transportation & public infrastructure. According to the same Market Research Future report, the industrial segment is expected to grow the fastest during the forecast period. The growth of this segment can be attributed to the booming construction sector in Qatar, which has led to a higher demand for power. Qatar is currently preparing for the 2022 FIFA World Cup, which has led to increased construction activities.
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 Qatar Diesel Genset Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Diesel Genset Market Revenues & Volume, 2021 & 2031F |
3.3 Qatar Diesel Genset Market- Industry Life Cycle |
3.4 Qatar Diesel Genset Market- Porter's Five Forces |
3.5 Qatar Diesel Genset Market Revenues & Volume Share, By KVA rating , 2024 & 2031F |
3.6 Qatar Diesel Genset Market Revenues & Volume Share, By Application 2024 & 2031F |
4 Qatar Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Diesel Genset Market Trends |
6. Qatar Diesel Genset Market, By KVA Ratings |
6.1 Qatar Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2021 & 2031F |
6.2 Qatar Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2021 & 2031F |
6.3 Qatar Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2021 & 2031F |
6.3 Qatar Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2021 & 2031F |
6.3 Qatar Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2021 & 2031F |
7 Qatar Diesel Genset Market, By Application |
7.1 Qatar Diesel Genset Market Revenues & Volume, By Residential, 2021 & 2031F |
7.2 Qatar Diesel Genset Market Revenues & Volume, By Commercial, 2021 & 2031F |
7.3 Qatar Diesel Genset Market Revenues & Volume, By Industrial, 2021 & 2031F |
7.3 Qatar Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2021 & 2031F |
8 Qatar Diesel Genset Market Import-Export Trade Statistics |
8.1 Qatar Diesel Genset Market Export to Major Countries |
8.2 Qatar Diesel Genset Market Imports from Major Countries |
9 Qatar Diesel Genset Market Key Performance Indicators |
10 Qatar Diesel Genset Market- Opportunity Assessment |
10.1 Qatar Diesel Genset Market Opportunity Assessment, By KVA rating , 2031 |
10.2 Qatar Diesel Genset Market Opportunity Assessment, By Application, 2031 |
11 Qatar Diesel Genset Market- Competitive Landscape |
11.1 Qatar Diesel Genset Market Revenue Share, By Companies, 2024 |
11.2 Qatar Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
Market Forecast By kVA ratings (5 kVA to 75 kVA, 75 kVA to 375 kVA, 375 kVA to 750 kVA, 750 kVA to 1000 kVA & Above 1000 kVA), By Applications(Commercial (Hospitality, BFSI, IT & ITES, Construction, Offices), Industrial, Residential, Transport and Public Infrastructure) and Competitive Landscape.
Product Code: ETC001036 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Qatar diesel genset market would witness robust growth, owing to infrastructure development across different sectors for FIFA World Cup 2022 and National Vision 2030. There has been growth in commercial sector in recent years and it is expected that the construction industry would witness vigorous growth over the coming years as well.
According to 6Wresearch, Qatar Diesel Genset Market size is projected to grow at a CAGR of 8.6% during 2019-25. Construction projects costing around $92.98 billion which are to be undertaken by 2022, are consequently pushing up the demand for diesel genset in Qatar. Additionally, 9 new stadiums, 41 new hotels should be built in Qatar by 2022, which would further spur the demand for diesel genset in the country during the forecast period.
Diesel genset with 375 kVA to 750 kVA rating diesel accounts for the highest revenue share in the overall market of diesel genset and is expected to maintain its dominance during the forecast period owing to heavy usage in commercial and industrial projects.
The Qatar diesel genset market report thoroughly covers market by kVA rating and applications. The Qatar diesel genset market outlook report provides an unbiased and detailed analysis of the on-going Qatar diesel genset market trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Reports
Qatar Diesel Genset Market Report Covered:
The Qatar Diesel Genset Market report provides a detailed analysis of the following market segments: