The Saudi Arabia Diesel Generator Market is projected to grow at a CAGR of 5% in the forecast period of 2021-26, states MarkNtel Advisors in their recent research report. It owes to the rapidly increasing focus of the Saudi government on infrastructure developments, i.e., leading to the burgeoning number of construction projects across commercial, industrial, & residential sectors and, in turn, augmenting the demand for diesel generators to deliver an uninterrupted flow of electricity.
Additionally, increasing government support through schemes & projects like Neom City, Amaala, Medina Metro Project, GCC Railway Project, Red Sea Project, & Waterfront Infrastructure Facilities Project - Phase II, among others, is another crucial aspect projected to propel the demand for Diesel generators across Saudi Arabia & drive the market through 2026, further states the research report, “Saudi Arabia Diesel Generators Market Analysis, 2021.”
Active Participation of Atlas Copco to Contribute Significantly to the Market Growth through 2026
Leading player Atlas Copco is actively participating in the Saudi Arabia Diesel Generators Market by working on strategic ways to diversify its services & equipment and expand its geographic scalability in the coming years. The leader is introducing several acquisitions of small businesses to expand its operational foothold. For instance:
Saudi Vision 2030 to Play a Crucial Role in Driving the Diesel Generator Market across the Commercial Sector
The rapidly increasing industrialization in Saudi Arabia, especially in line with Saudi Vision 2030, is displaying a burgeoning number of construction activities & propelling the demand for diesel generators across the country, which, in turn, is positively influencing the Saudi Arabia Diesel Generator Market.
Besides, the Saudi government is actively focused on developing office facilities, hotels, & resorts to attract companies for business establishments and enhance tourism in the country. Therefore, the commercial sector is witnessing massive investments across Saudi Arabia and propelling the market growth, reveals MarkNtel Advisors in their research report, “Saudi Arabia Diesel Generators Market Analysis, 2021.”
According to MarkNtel Advisors, the leading players in the Saudi Arabia Diesel Generator Market are Caterpillar Inc., Cummins, FG Wilson, Perkins, MTU, Himoinsa, Atlas Copco, Kohler Power System, Kirloskar, & Saudi Diesel Equipment Co., Ltd.
Key Questions Answered in the Study