Diesel Genset market in Middle East

Middle East Diesel Genset Market is anticipated to gain significant growth proliferation in the coming years owing to increased growth in the grid infrastructure development, a spur in the colocation centers, and rapid industrialization. An increase in the growth of the grid infrastructure development owing to the massive urban development is anticipated to be a growth proliferator for the overall product market and is expected to offer the potential investors to seek sound business growth potential in the coming time frame.

Dubai World Expo 2020, Qatar FIFA World Cup 2022, National Development Plans, and economic diversification are the key drivers for the growth of the diesel Genset market in the Middle East region. Diesel gensets have become a major source of power for building modern infrastructures. Further, these are heavily deployed to provide prime backup 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 6Wresearch, the Middle East Diesel Genset market size is anticipated to grow at a CAGR of 4.3% during 2017-23. UAE, Saudi Arabia, and Kuwait governments are taking major steps to strengthen the non-oil sectors due to the recent decline in crude oil prices, which has impacted the market. With the expected recovery of crude oil prices in 2017 and an increase in public infrastructure development for the 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 in the overall MEA Diesel Genset Market forecast period 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 MEA Genset Market share for low and medium rating segments. Key players in the MEA diesel Genset market include- Caterpillar, Cummins, MTU Onsite Energy, Kohler SDMO, Arken, and Teksan Generator.

The Middle East Diesel Genset Market report thoroughly covers the Market by KVA Ratings, Applications, and Countries. The Middle East Diesel Genset Market Outlook report provides an unbiased and detailed analysis of the ongoing Middle East Diesel Genset Market trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.