Kuwait Diesel Genset Market (2021-2027) | Forecast, Companies, Industry, Trends, Value, COVID-19 IMPACT, Size, Share, Outlook, Growth, Analysis & Revenue

Kuwait Diesel Genset Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Lebanon. It has registered a decline of -89.81% over the previous year. While Lebanon registered a decline of -68.99% as compare to the previous year. In the year 2017 USA was the largest exporter followed by UK. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Kuwait has the Herfindahl index of 1642 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  2816 which signifies high concentration in the market.

Kuwait Diesel Genset Market - Export Market Opportunities

Kuwait Diesel Genset 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 market on-going 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.

Kuwait Diesel Genset Market Synopsis

Kuwait Diesel Genset Market is anticipated to gain strong growth projections in the coming years. Deeper penetration and internet-related services along with the era of globalization are expected to be another growth proliferating factor for the growth of the global Software-defined wide Area Network market in the impending period. Also, the impressive growth of the IT industry in the developing economies across the globe is anticipated to be of great importance for the growth of the software-defined wide area network across the globe and provide the potential industrialists and to be investors of the market to seek high business growth potential by induced investments in the cloud-based industrial landscape in the forthcoming years. Diesel Genset Market in Kuwait would witness modest growth over the coming years on account of rising demand for a continuous and reliable source of power, increasing power outages, thereby leading to the rising need for power backup solutions. Additionally, the rising demand for electricity in Kuwait is in line with the infrastructural growth in the country along with the projected growth in the construction market, upcoming new hotels and shopping malls such as Horeca Kuwait, Dusit Princess Mahboula, Al Khiran Hybrid Outlet Mall, Marina Mall on the back of increasing government spending on infrastructural development projects would drive the Genset Market in the country over the forthcoming period.

The outburst of coronavirus has adversely impacted the country’s Generator Market in 2020 as the government imposed a nation-wide lockdown which has led to the closure of all construction operations and disrupted the demand and supply of Diesel Generator, however, the market is expected to recover in 2021 due to opening of international borders and gradual restart of economic activities in the country.

According to 6Wresearch, Kuwait Diesel Genset Market size is projected to grow at CAGR of 4.9% during 2021-27. Attributed to the presence of a robust industrial sector in Kuwait along with a rapidly growing automotive sector, the diesel gensets market in the country accounted for a major share in the market. However, the market is projected to exhibit the highest growth rate on account of flourishing construction and industrial segments providing immense opportunities for the diesel gensets demand in the country during the forecast period. Further, the Kuwait Vision 2030 and the National Transformation Programme 2020 are a few of the government initiatives, which aims at developing and strengthening public service sectors such as healthcare, education, infrastructure, and tourism, creating a huge demand for power backup equipment for the developmental activities, leading to a surge in demand for Diesel Genset Market in Kuwait.

Market Analysis by Application

On the basis of application, commercial domain is anticipated to register highest growth in the overall diesel genset market in 2020. On the back of rising infrastructural developments in the commercial sector and its expanding base in the country. Further, government’s initiatives such as Pakistan Vision 2025 and National Development plans, Digital Vision 2018, and the efforts to maximize rural electrification in the country is expected to assist the country’s Genset market growth during the forecast period and offer decent investment avenues for the potential investors for the overall DG Market of the country.

Market Analysis by kVA Rating

In terms of kVA ratings, diesel gensets of 375.1- 750kVA emerged as a significant revenue contributor in Kuwait's diesel genset market in 2020. Such diesel gensets are a prime source of power during power outages and are reasonably priced & suitable in industrial and logistics applications. Further, 750.1kVA - 1000kVA rating Diesel Generator would witness the fastest growth in terms of both revenues and volumes due to a rise in upcoming development projects. Such projects are the Zour Refinery integrated with the Olefins 3 Complex for petrochemical and petroleum derivatives, as well as other government-led industrial development initiatives where 750-1000 kVA Diesel Generator would be commonly used as a power backup solution.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Kuwait Diesel Genset Market Overview.
• Kuwait Diesel Genset Market Outlook.
• Kuwait Diesel Genset Market Forecast.
• Historical data and forecast of Kuwait 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
• Kuwait Diesel Genset Market Trends
• Industry Life Cycle
• Porter’s Five Forces Analysis
• Market Opportunity Assessment
• Kuwait 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 (Hospitality, BFSI, IT & ITES, Construction, Offices)
• Industrial
• Residential
• Transportation & Infrastructure
• By Regions
• Eastern Region
• Western Region

Other Key Reports Available:

• Saudi Arabia Diesel Genset Market (2017-2027F)
• Turkey Diesel Genset Market (2017-2027F)
• UAE Diesel Genset Market (2017-2027F)

Kuwait Diesel Genset Market: FAQs