Press Release

Bahrain's Metal Manufacturing Plant Expansion to Boost the Diesel Generator Market

The Bahrain Diesel Generator market is projected to grow at a CAGR of around 9.06% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. Over the past few years, the market has been propelled by various factors such as providing power supply at construction sites, residential & commercial spaces, and various others. The requirement for diesel generators raised dramatically as a result of the country's rapid economic recovery and the start of construction projects in 2020-2021. The expansion of metal manufacturing plants, the country's growing number of desalination plants, and the accelerated construction of local food manufacturing units have contributed to the expansion of the market.

Additionally, some advantages, such as tax exemptions on business and individual income and capital gains, 100% foreign ownership of companies and branch offices in Bahrain, and straightforward fund repatriation, have all helped Bahrain attract foreign investment. The greater need for diesel power generation systems caused an upsurge in greenfield investment and FDI inflow, which had a positive impact on non-oil industries like tourism, manufacturing, healthcare, and the pharmaceutical industry.

The role of private sector companies in developing non-oil sectors has also contributed to the rising number of leisure & business travelers & the growth of the expatriate population in the country. This has accelerated the construction of commercial & residential buildings, resulting in a significant demand for diesel generators during the forecast period to ensure an uninterrupted power supply, further states the research report, “Bahrain Diesel Generator Market Analysis, 2023.”

Stand by Diesel Generator takes major shares in Bahrain Diesel Generator Market

Based on the type, the market is divided into Stand by, Prime & Continuous Power, and Peak Shaving. Among them, the Standby diesel generator has accounted for the majority share in the historic year & is expected to be the leading type during the forecast period as well due to the growing demand for uninterrupted power solutions in the end-user industries over the past few years.

Since these generators fulfill the need for automatic power backup, installing them is a common practice to guarantee continuous power supply after the majority of construction projects are finished. Additionally, the expansion of healthcare facilities, other commercial infrastructure, and ICT infrastructure would raise the demand for standby diesel generators.

Commercial Sector Dominates the Diesel Generator Market in Bahrain

The Commercial Sector has dominated the market in the past years and is expected to dominate during the forecast period. Due to the country's favorable business climate and government tax benefits for personal and business revenue, the commercial sector—which includes shopping malls, co-working spaces, etc.—has been expanding. In response to this, foreign corporations and expatriates have chosen to establish offices in the country. This has driven up demand for office space and raised the cost of diesel generators with capacities ranging between 75.1 kVA & 350 kVA and 350.1 kVA to 750 kVA.

Furthermore, various retail projects, such as shopping malls, have been established to improve the residents' standard of living. As the country's welcoming business environment succeeds in attracting foreign corporations and expatriates, hotels like Marassi Al Bahrain & Tivoli Bilaj Al Jazayer Bahrain are expected to drive demand for diesel generators in the forthcoming years.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Cummins, Caterpillar, Rolls-Royce Solutions Middle East FZE, Kohler SDMO, Himoinsa Middle East, FZE, Aksa Power generation FZE, Kirloskar DMCC, PR Middle East FZE, and Westerbeke Corp are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends that have shaped the industry to its current form?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition shaped across various countries, followed by their comparative factorial indexing?
6. How have buying behavior, customer inclination, and expectations from Products manufacturers evolved during 2018-28?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?