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The growing support of the governments to diversify their country’s economy has positively impacted the infrastructure development. In 2018, Saudi Arabia unveiled an annual budget of around USD 260 billion, to be spent across the creation of new infrastructure, construction, mining, and oil exploration activities, etc. Therefore, the surging construction projects for residential, commercial, and hospitality sectors are anticipated to strongly contribute to the growth of the Middle East Diesel Generator market in the years to come.
According to the MarkNtel Advisors’ research report titled “Middle East Diesel Generator Market Analysis, 2020”, the Diesel Generator market is projected to register a CAGR of less than 5% during 2020-25. The diesel generators with capacities ranging from 5 KVA to 75 KVA acquired a considerable market share in the Middle East Diesel Generator market in 2019. The highest market share is attributed to the increasing construction activities in the countries, coupled with the surging demand for electricity in countries such as Saudi Arabia, UAE, Oman, etc.
Moreover, the residential sector captured the highest market share in the Middle East Diesel Generator market in 2019. The maximum market share is due to the introduction of several plans for the establishment of residential units in the country. In 2018, the government signed five agreements for the construction of around 19,000 housing units in Riyadh.
According to MarkNtel Advisors, the key players capturing a substantial market share in the Middle East Diesel Generator market include Aksa Power Generation, Atlas Copco, Caterpillar Inc., Cummins Inc., Teksan, FG Wilson, etc. The companies are introducing new generators in the region that are more energy-efficient than the traditional generators thereby gaining a competitive edge over its competitors.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Middle East Diesel Generator Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of Unit sold.
Q. What would be the growth rate or CAGR of Middle East Diesel Generator Market during 2020-25?
A. The growth rate of Middle East Diesel Generator Market during 2020-25 is forecast to be around >5%.
Q. Who are the key competitors or players operating in Middle East Diesel Generator Market?
A. Aksa Power Generation, Atlas Copco, Caterpillar Inc., Cummins Inc., Teksan, FG Wilson are few of the leading players in the Middle East Diesel Generator Market.
Q. Does the report scope cover Middle East Diesel Generator Market Power rating wise market statistics also?
A. Yes, the scope of the report encompass detailed power rating wise statistics such as market size, market segmentation based on various subcategories.
Q. Which capacity of generator would emerge as an opportunity area for players in Middle East Diesel Generator Market?
A. The diesel generators with capacities ranging from 5 KVA to 75 KVA grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Middle East Diesel Generator Market.
Q. Which end-user would emerge as an opportunity area for players in Middle East Diesel Generator Market?
A. The Residential sector will grabbed a significant market share due to the growing support by the government to boost the industrial sector and it will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Middle East Diesel Generator Market.
