Diesel Gensets Market in Middle East to Cross $1.5 Billion by 2026
Rising focus on infrastructure developments and increasing
demand for standby power sources to drive Middle East diesel gensets market
through 2026
According to TechSci Research report “Middle
East Diesel Genset Market By Type, By End User Segment,
Competition Forecast & Opportunities, 2012-2026”, Middle East diesel gensets market
is projected to reach $ 1.5 billion by 2022, due to growing use of diesel
gensets for addressing power requirements from industrial, commercial and
residential sectors. Broadly, diesel gensets find application, as a standby
power system when prime source of power is unable to meet electricity demands.
Diesel gensets are also used for peak shaving application. Middle East countries
such as Saudi Arabia, UAE, Qatar, etc., are witnessing huge investment inflows
in infrastructure projects that would increase demand for electricity. Growing
demand for continuous and reliable power supply from newly developed healthcare
facilities, pharmaceutical industries, manufacturing facilities, transportation
& communication systems, datacenters, water & sewage facilities, etc.,
is boosting use of diesel gensets across the region and the trend is expected
to continue in the coming years as well.
Browse 65 market data Tables and 81 Figures
spread through 183 Pages and an in-depth TOC on "Middle East Diesel Gensets Market"
https://www.techsciresearch.com/report/middle-east-diesel-genset-market-by-type-low-power-up-to-75-kva-medium-power-75-1-kva-to-350-kva-high-power-350-1-kva-to-750-kva-etc-by-end-user-segment-commercial-residential-etc-competition-forecast-opportunities/997.html
Per capita electricity
consumption in the Middle East is higher than the global average. In the UAE,
per capita electricity consumption stood at 15,131 kilowatt hour in 2015, which
is significantly higher than the global average per capita electricity
consumption of around 3,200 kilowatt hour. Demand for electricity in the region
is anticipated to grow in the near future, on account of growing population
base. Increasing demand for electricity in the Middle East is projected to
boost demand for diesel gensets during the forecast period. Further, disposable
income in Middle East countries is higher than the global average. Gross
National Income (GNI) in Qatar stood at USD99.50 thousand dollars in 2014,
which is one of the highest, globally. High per capita income results in
widespread use of electrical appliances and this is anticipated to boost demand for diesel gensets, as standby source of electricity.
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“Upcoming mega events such as World
Expo 2020 to be held in Dubai, FIFA World Cup 2022 to be held in Qatar, etc.,
is anticipated to drive development of urban infrastructure projects such as
metro rail, housing complexes, etc., and this is anticipated to drive demand
for diesel gensets in the region through 2026. Moreover, growing oil & gas
upstream activities is expected to result in increasing deployment of diesel
gensets in Middle East, as regular supply of electricity at oil & gas
upstream sites is of paramount importance. This is anticipated to create
opportunities for diesel gensets in the Middle East in the coming years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global energy management consulting firm.
“Middle East Diesel Genset
Market By Type, By
End User Segment, Competition Forecast & Opportunities, 2012-2026” has evaluated the future growth
potential of diesel gensets market in the Middle East and provides statistics
and information on market structure, industry behavior and trends. The report
includes market projections and demand forecasting. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes emerging trends
along with essential drivers, challenges and opportunities available in the middle
east diesel gensets market.
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