Middle East & Africa Gas Gensets Market growth to Grow with a robust CAGR through to 2028
Increasing demand for electricity across various
sectors, including manufacturing, commercial, residential, and infrastructure are
expected to drive the Middle East & Africa Gas Gensets Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Middle East
& Africa Gas Gensets Market - By Country, Competition, Forecast and
Opportunities, 2018-2028”, the Middle East & Africa Gas Gensets Market is
expected to register a robust during the forecast period, 2024-2028. Numerous
areas in the MEA region face the challenge of an unreliable grid
infrastructure, marked by frequent power outages, voltage fluctuations, and
disruptions. This instability can have significant implications for businesses,
industries, and vital services such as healthcare and education. To ensure
seamless operations and mitigate financial losses, there is an increasing
demand for dependable backup power sources. The MEA region is currently
witnessing substantial population growth and urbanization, resulting in a surge
in energy consumption. This escalating demand for electricity, especially in
the industrial, commercial, and residential sectors, presents a significant
opportunity for gas gensets. Gas gensets can effectively cater to the energy
requirements of these sectors, ensuring reliable and uninterrupted power
supply, particularly in regions with unreliable grid infrastructure.
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Based on power rating, Up to 100 KVA segment has
emerged as the predominant market leader. Small and medium-sized enterprises
(SMEs) in the MEA region are experiencing rapid expansion. These businesses
often require a reliable source of backup power to safeguard sensitive
equipment and data. Gas gensets in the up to 100 kVA range are well-suited for
SMEs, offering cost-effective and efficient power solutions to meet their
needs. The demand for small to medium-sized gas gensets is being driven by
urbanization, ongoing construction projects, and infrastructure development in
the MEA region, including commercial complexes, residential communities, and
other vital establishments. These projects necessitate dependable power sources
during construction and continuous operations. In order to enhance the gensets'
responsiveness to load changes and provide short-term energy storage for
critical applications, some gas genset manufacturers are exploring the
integration of energy storage solutions, such as batteries, with up to 100 kVA
gas gensets. Rural areas with limited access to the grid can benefit from up to
100 kVA gas gensets for electrification projects. Gas genset providers have
opportunities to serve governments and organizations that aim to provide
electricity to underserved regions. Given the susceptibility of the MEA region
to extreme weather events and natural disasters, gas gensets in the up to 100
kVA range can support businesses and communities in enhancing their energy
resilience by providing backup power during emergencies.
Based on end user, Commercial segment is expected to
grow during the forecast period. The Middle East and Africa (MEA) region is a
highly sought-after tourist destination with a thriving hospitality industry.
Uninterrupted power supply is crucial for hotels and resorts to ensure a
comfortable experience for guests. Gas gensets provide a reliable source of
power, enabling smooth operations of hospitality businesses, encompassing air
conditioning, lighting, and food services. Additionally, the increasing demand
for data storage and cloud computing services has led to the emergence of data
centers in the MEA region. These data centers necessitate highly dependable
power sources to prevent data loss and minimize downtime. Gas gensets are
preferred due to their rapid response capabilities and ability to maintain
uninterrupted power supply during grid outages. Furthermore, some commercial
enterprises are exploring the integration of energy storage solutions, such as
batteries, with gas gensets. This combination enhances power stability,
improves response times, and facilitates load balancing, which is particularly
valuable in facilities with fluctuating power demands. As commercial businesses
increasingly prioritize energy efficiency and sustainability, gas genset
providers can position their systems as environmentally friendly and efficient
power solutions. This aligns with the region's focus on sustainability and
reduction of carbon emissions. In conclusion, the commercial segment in the MEA
Gas Gensets Market is driven by the growth of the commercial and retail sector,
tourism, data centers, and IT infrastructure.
Major companies operating in Middle East & Africa
Gas Gensets Market are:
- Caterpillar Inc.
- Cummins Inc.
- MTU Onsite Energy
- Generac Holdings Inc.
- KOHLER Co.
- Himoinsa
- Jubaili Bros
- Doosan Portable Power
- Atlas Copco
- Perkins Engines Company Limited
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“Saudi Arabia is expected to dominate the market
during the forecast period. Saudi Arabia is making substantial investments in
renewable energy, specifically in solar and wind power. The integration of
renewable energy sources with gas gensets in hybrid power systems is becoming
increasingly popular. This approach combines the reliability of gas gensets
with the sustainability of renewables, resulting in reduced carbon emissions
and improved energy resilience,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Middle
East & Africa Gas Gensets Market By Fuel (Natural Gas, Biogas, and Others),
By Power Rating (Up to 100 KVA, 100 to 350 KVA, 350-1000 KVA, and Above 1000
KVA), By Application (Standby, Peak Shaving, and Continuous), By End User
(Industrial, Commercial, and Residential), By Country, By Competition Forecast
& Opportunities, 2018-2028”, has evaluated the future growth
potential of Middle East & Africa Gas Gensets Market and provides
statistics & information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Middle East & Africa Gas Gensets Market.
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