Middle East Diesel Genset Market (2017–2023): Forecast By KVA Ratings, Applications, Countries, and Competitive Landscape
Middle East Diesel Genset Market (2017–2023): Forecast By KVA Ratings (5-75 KVA, 75.1-375 KVA, 375.1-750 KVA, 750.1-1000 KVA and Above 1000 KVA), Applications (Retail & Logistics, Oil & Gas, Government & Transportation, Rental, Commercial and Others), Countries (Saudi Arabia, UAE, Lebanon, Turkey, Qatar, Kuwait, Iran, Oman and Rest of Middle East), and Competitive Landscape
(July 31, 2017 07:58 PM Eastern Daylight Time)
Dubai World Expo 2020, Qatar FIFA World Cup 2022, National Development Plans and economic diversification are the key drivers for the growth of diesel genset market in Middle East region. Diesel gensets have become major source of power for building modern infrastructures. Further, these are heavily deployed to provide prime back-up and peak power across the globe. GCC being one of the fastest growing regions of the world, utilizes gensets to power their infrastructure.
According to research, Middle East Diesel Genset market is anticipated to grow at a CAGR of 4.3% during 2017-2023. UAE, Saudi Arabia and Kuwait governments are taking major steps to strengthen the non-oil sectors due to recent decline in crude oil prices, which has impacted the market. With expected recovery of crude oil prices in 2017 and increase in public infrastructure development for next six years, the market would rebound during the forecast period.
Small and medium rating diesel gensets (5-75 KVA and 75-375 KVA) are expected to register strong growth over the coming years due to high demand from residential and construction sectors. Upcoming mega projects such as Lusail city, railway network expansion and economic cities would also drive the diesel genset market in Middle East region. Key players in the Middle East diesel genset market include- Caterpillar, Cummins, MTU Onsite Energy, Kohler SDMO, Arken and Teksan Generator.