Saudi Arabia Cogeneration Equipment Market Outlook (2020-2026) | Share, Size, Revenue, Trends, COVID-19 IMPACT, Value, Forecast, Companies, Growth, Analysis & Industry

Saudi Arabia Cogeneration Equipment Market report thoroughly covers the market by capacity, by fuel, by applications, and by technology. The report provides an unbiased and detailed analysis of the ongoing Saudi Arabia cogeneration equipment market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to device and align the market strategies according to the current and future market dynamics.

Saudi Arabia Cogeneration Equipment Market Synopsis

Saudi Arabia energy initiatives to reduce dependence on oil and transition to cleaner fuels are anticipated to propel the market for cogeneration equipment in the region. For instance, Saudi Arabia announced the $28 billion Saudi Industrial Development Fund in 2019 which would invest in clean and renewable energy projects and focus on independent power production projects, thereby positively impacting the cogeneration equipment market in the country during the forecast period. However, the Covid-19 pandemic had slowed down the market in terms of the supply of the product during 2020. While on the other hand, the demand-side also fell victim to the slowdown due to the market being closed during the lockdown period. Currently, the market has recovered gradually and is likely to witness growth over the coming years.

According to 6Wresearch, Saudi Arabia Cogeneration Equipment market size is expected to grow at a CAGR of 2.5% during 2020-2026. Saudi Aramco’s upcoming projects aimed at reducing its dependence on the national electricity grid and enabling electrical power self-sufficiency for its operating plants, such as Jafurah cogeneration independent steam and power plant, are expected to bolster the market for cogeneration equipment in the kingdom over the coming years.

Market Analysis By Applications

In terms of applications, the industrial vertical dominated the overall Saudi Arabia cogeneration equipment market in 2019. Additionally, the commercial vertical also held the majority of the market revenue share. Further, the residential vertical is likely to register moderate growth 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 2020.
• 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 Cogeneration Equipment Market Overview
• Saudi Arabia Cogeneration Equipment Market Outlook
• Saudi Arabia Cogeneration Equipment Market Forecast
• Historical Data of Saudi Arabia Cogeneration Equipment Market Revenues for the Period 2017-2029
• Saudi Arabia Cogeneration Equipment Market Size and Market Forecast of Revenues, Until 2026
• Historical Data of Saudi Arabia Cogeneration Equipment Market Revenues, by Fuel, for the Period 2017-2019
• Market Size & Forecast of Saudi Arabia Cogeneration Equipment Market Revenues, by Fuel, until 2026
• Historical Data of Saudi Arabia Cogeneration Equipment Market Revenues, by Applications, for the Period 2017-2019
• Market Size & Forecast of Saudi Arabia Cogeneration Equipment Market Revenues, by Applications, until 2026
• Historical Data of Saudi Arabia Cogeneration Equipment Market Revenues, by Capacity, for the Period 2017-2019
• Market Size & Forecast of Saudi Arabia Cogeneration Equipment Market Revenues, by Capacity, until 2026
• Historical Data of Saudi Arabia Cogeneration Equipment Market Revenues, by Technology, for the Period 2017-2019
• Market Size & Forecast of Saudi Arabia Cogeneration Equipment Market Revenues, by Technology, until 2026
• Market Drivers and Restraints
• Saudi Arabia Cogeneration Equipment Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Saudi Arabia Cogeneration Equipment Market Share, By Players
• Saudi Arabia Cogeneration Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The Saudi Arabia cogeneration equipment market report provides a detailed analysis of the following market segments:

By Capacity:

• Up to 30 MW
• 31 MW – 60 MW
• Above 60 MW

By Fuel:

• Natural Gas
• Biomass
• Coal
• Others

By Applications:

• Residential
• Commercial
• Industrial

By Technology:

• Reciprocating Engine
• Steam Turbine
• Combined Cycle Gas Turbine
• Others