Saudi Arabia Diesel Genset (Generator) Market (2020-2026) | Analysis, Size, Revenue, Forecast, Trends, Growth, industry, Outlook & 6Wresearch

Latest 2023 Development of the Saudi Arabia Diesel Genset Market

Saudi Arabia Diesel Genset Market is anticipated to grow rapidly owing to rapid industrialization which has led to an increased demand for electricity. Also, an unreliable power supply makes diesel gensets a reliable source of backup power for individuals and businesses. Additionally, the government has invested heavily in infrastructure development projects, driving the demand for diesel gensets in Saudi Arabia. Apart from this, the expansion of the power sector to meet the increasing demand for electricity in the country has led to the upsurging demand for diesel gensets. The adoption of renewable energy sources is one of the major developments in Saudi Arabia Diesel Genset Industry.

Further, the construction sector in Saudi Arabia is registering significant growth, with several large infrastructure projects underway. The expansion of the industrial sector with several projects underway in petrochemicals, mining, and manufacturing sectors. The introduction of new emission regulations to reduce pollution has led to the introduction of more fuel-efficient diesel gensets with lower emissions. Overall, the Saudi Arabia diesel genset market is projected to witness tremendous growth owing to the expansion of the power, construction, and industrial sectors, as well as the adoption of renewable energy sources.

Saudi Arabia Diesel Genset Market Synopsis

Saudi Arabia Diesel Genset (Generator) Market report comprehensively covers the Diesel Genset Market by kVA ratings, applications, and regions. The report provides an unbiased and detailed analysis of the diesel Genset ongoing trends, opportunities, high growth areas, market drivers, and market share by companies which would help the stakeholders to devise and align their market strategies to the current and future market dynamics.

Saudi Arabia Diesel Generator Market is anticipated to proliferate during the upcoming years owing to the deployment of diesel Genset across various applications such as commercial, industrial, and others to provide power backup during peak times or when there is a shortage. The rising number of upcoming infrastructure projects and growing electricity demand supported by favourable government initiative schemes for the overall development of the country are some of the key factors which would drive the market for Diesel generators in Saudi Arabia over the coming years. For instance, ‘Neom’, the Red Sea Project, Amaala, GCC Railway Project, Waterfront Infrastructure Facilities Project - Phase II, Medina Metro Project, and many more are the upcoming infrastructure projects in the country. Furthermore, the increasing focus on energy efficiency would positively influence the Saudi Arabia diesel Genset market during the forecast period. The outburst of coronavirus has adversely impacted the country’s Diesel Generator market in 2020 as the government-imposed nationwide lockdown has led to the closure of all construction operations and disrupted the demand and supply of diesel gensets. However, the market is expected to recover post the pandemic.

According to 6Wresearch, the Saudi Arabia Diesel Genset Market size is projected to grow at a CAGR of 2.8% during 2020-2026. Saudi Arabia Diesel Genset Market is anticipated to witness growth in the coming years on account of rapid urbanization coupled with rising industrialization in the country. Accelerating growth projections in the investments pertaining to the power and IT sector in Saudi Arabia coupled with commercialization in the country, the Saudi Arabia diesel Genset market is expected to witness sound growth in the upcoming six years. Also, with a rising consumer inclination towards electricity independence along with a lack of accessibility to the electricity grid system in the country, the Saudi Arabia diesel Genset market is anticipated to witness sound growth during the forecast period 2020-26F. Saudi Arabia has access to the electricity supply through renewable energy sources with the majority of the electricity being supplied to the country from hydroelectric power plants.

Surging growth in the telecommunication industry coupled with increasing telecom towers is driving the Saudi Arabia Diesel Generator Market Growth. Moreover, the rising need for backup power backup options owing to the increasing number of data centres is proliferating the development of the industry. 

The electricity supplied by hydroelectric power plants is exposed to increased blackouts and inefficient power supply. Accordance to enhance the quality of electricity supplied along with penetrating demand to avoid blackouts is expected to trigger the Saudi Arabia diesel Genset market growth six years down the line. On the basis of application, the residential domain of the Saudi Arabia Diesel Generator Market is expected to contribute significantly towards the growth of the Saudi Arabia diesel Genset market in the coming years backed by penetrating construction activities in the housing sector. Moreover, increasing public investments in the development of the housing sector in the country are expected to benefit the growth of the Saudi Arabia Diesel Generator Market in the coming years.

Market Analysis by kVA Rating

Diesel Genset with a rating of 375kVA-750kVA acquired the majority market share in the market revenues in 2020 due to the low electrification rate, growing residential, and construction sectors, and increased use of the same in industrial work. The 5kVA-75kVA rating Gensets are expected to be the fastest-growing segment in the market over the coming years as well owing to their low cost and multiple applications across various verticals. Additionally, growth in mining and oil & gas exploration in Saudi Arabia would also boost the growth of the diesel Genset market over the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Diesel Genset Market Overview.
• Saudi Arabia Diesel Genset Market Outlook.
• Saudi Arabia Diesel Genset Market Forecast.
• Historical data and forecast of Saudi Arabia Diesel Genset Market Revenues and Volume, for the Period, 2017-2027F.
• Historical data and Forecast of Revenues and Volume, By kVA Ratings, for the Period, 2017-2027F.
• Historical data and Forecast of Revenues and Volume, By Applications, for the Period, 2017-2027F.
• Historical data and Forecast of Revenues and Volume, By Regions, for the Period, 2017-2027F.
• Market Drivers and Restraints
• Saudi Arabia Diesel Genset Market Trends
• Industry Life Cycle
• Porter’s Five Forces Analysis
• Market Opportunity Assessment
• Saudi Arabia Diesel Genset Market Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following Market segments:

By kVA Ratings:

• 5-75 kVA
• 75.1-375 kVA
• 375.1-750 kVA
• 750.1-1000 kVA
• Above 1000 kVA

By Applications

• Commercial
• Industrial
• Residential
• Transportation & Infrastructure
  

By Regions:

• Eastern
• Central
• Western
• Southern