Diesel genset market to reach $1.54bn in 2026
by Baset Asaba on Jun 16, 2017
The market for diesel gensets is forecast to reach as high as $1.54bn by 2026 according to the most recent industry report by Research and Markets.
According to the report, Saudi Arabia and the UAE will continue to lead Middle East and Africa diesel genset market in the coming years, primarily because of the large population size of the two countries in the region.
Research and Markets report has elaborated that infrastructure development and an increasing focus on diversification of the industrial sector are the major drivers leading to an incline in the Middle East diesel genset market.
The report has explained that as the infrastructure development projects require continuous electricity supply both during the project execution and post development of the project, demand of continuous supply of electricity is increasing in the Middle East.
Having been able to address the growing electricity demand, the diesel gensets are increasingly being deployed as backup power sources at construction sites in the Middle East, and for use as standby source of power at consumption centres.
The market research report has discussed the Middle East diesel genset market by various dimensions, such as by type, by end user segment and by country.
In addition, the report has analysed the policy and regulatory landscape, strategic recommendations for emerging opportunities in the diesel genset market.
The report has also identified the changing market trends and projected segment wise growth in the coming years, with an aim to help the industry leaders, consultants, business and other stakeholders to align their market-centric strategies.