Middle East Diesel Generator Market: Current Analysis and Forecast (2023-2030)
Emphasis on Power Rating (Less Than 75 kVA, Between 75 and 375 kVA, Between 375 kVA and 750 kVA, and Above 750 kVA); Portability (Stationary and Portable); Application (Standby Backup Power, Prime Power, and Peak Shaving Power); End-User (Industrial, Commercial, and Residential); and Country
The Diesel Generator Market was valued at USD 1,133.7 Million in 2022 and is expected to grow at a CAGR of around 6.16% during the forecast period (2023-2030). The market is driven by various factors, including rapid industrialization, urbanization, and investment in infrastructure development projects. Industries such as construction, oil and gas, mining, telecommunications, and healthcare often rely on diesel generators for uninterrupted power supply. Furthermore, the Middle East region is also witnessing a significant increase in tourism, which has led to the growth of the hospitality sector and the demand for reliable power solutions. Additionally, the surge in population, rising disposable income, and increasing government focus on developing renewable energy sources have further propelled the market growth.
Some of the major players operating in the market include Caterpillar Inc., JCB Ltd., MTU Onsite Energy, Volvo Penta, Perkins Engines Co. Ltd., Wärtsilä Corporation, Kirloskar Oil Engines Ltd., Yanmar Holdings Co., Ltd., Kohler Co., and Generac Power Systems, Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst power rating, the less than 75 kVA diesel generators segment to held dominant share of the market in 2022”
On the basis of power rating, the market is segmented into: Less Than 75 kVA, Between 75 and 375 kVA, Between 375 kVA and 750 kVA, and Above 750 kVA. Less Than 75 kVA segment led the market in 2022. One of the leading factors driving the growth of less than 75 kVA diesel generators in the Middle East is the rising demand for power. The Middle East region has experienced significant growth in power demand due to rapid urbanization, industrialization, and population growth. This increased demand for electricity has led to a greater need for backup power solutions, including smaller diesel generators. Also, the versatility, reliability, and cost-effectiveness of these generators make them a popular choice for a wide range of applications in the region.
“Amongst portability, the stationary category to held dominant share of the market in 2022”
On the basis of portability, the market is segmented into stationary and portable. The stationary segment led the market in 2022. Stationary diesel generators play a pivotal role in the Middle East, providing a dependable and cost-effective power solution for various applications. Their reliability, ease of maintenance, and widespread availability of diesel fuel have made them indispensable in the industrial, commercial, construction, and residential sectors. As the region’s energy demands continue to grow, the industry is poised to witness advancements in cleaner technologies and the integration of hybrid power systems, ensuring a greener and more sustainable future for power generation in the Middle East.
“Amongst applications, the Standby Backup Power segment to held dominant share of the market in 2022”
On the basis of application, the market is segmented into Standby Backup Power, Prime Power, and Peak Shaving Power. The Standby Backup Power segment led the market in 2022. Standby backup power diesel generators have become a crucial component of the Middle East’s energy infrastructure, ensuring uninterrupted power supply and supporting continuous operations in critical sectors. While benefiting from their reliability and fuel availability, the region is also faced with environmental challenges that necessitate the adoption of more sustainable energy solutions alongside diesel generators. Striking the right balance between reliability, affordability, and sustainability will be key to ensuring long-term energy security in the Middle East.
“UAE held a significant share of the market in 2022”
The growth of the UAE diesel generator market can be attributed to factors such as the increasing demand for uninterrupted power supply in industries, construction sites, and residential buildings. The UAE’s construction sector, in particular, is witnessing rapid growth, which is driving the demand for diesel generators for power backup. For instance, the number of construction projects in major cities like Dubai and Abu Dhabi has been consistently increasing over the past decade. As these projects continue to expand, the need for a reliable power backup system becomes crucial to ensure uninterrupted operations on construction sites. Furthermore, the availability of abundant oil reserves in the UAE makes diesel a cost-effective and widely available fuel, contributing to the market’s growth. Diesel generators are also preferred due to their long lifespan, high energy density, and ease of maintenance. Cummins Middle East FZE and Azizi Developments have joined forces in 2022 to provide power generators for Riviera, MBR City.
Q1: What is the current market size and growth potential of the Middle East Diesel Generator Market?
Ans: The Middle East Diesel Generator Market was valued at USD XX Billion in 2022 and is expected to grow a CAGR of 6.16% during the forecast period (2023-2030).
Q2: What are the driving factors for the growth of the Middle East Diesel Generator Market?
Ans: Rapid industrialization, urbanization, and investment in infrastructure development projects are the key factors driving the growth of the market.
Q3: Which segment has the largest share of the Middle East Diesel Generator Market by end-user?
Ans: In 2022, the industrial segment emerged as the leading market segment by end-user in the region.
Q4: What are the emerging technologies and trends in the Middle East Diesel Generator Market?
Ans: The growing rental market is one of the major trends in the market.
Q5: Which country will dominate the Middle East Diesel Generator Market?
Ans: Saudi Arabia is expected to dominate the market during the forecast period.
Q6: Who are the key players operating in the Middle East Diesel Generator Market?
Ans: Caterpillar Inc., JCB Ltd., MTU Onsite Energy, Volvo Penta, Perkins Engines Co. Ltd., Wärtsilä Corporation, Kirloskar Oil Engines Ltd., Yanmar Holdings Co., Ltd., Kohler Co., and Generac Power Systems, Inc.
Diesel Generator Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The Middle East Diesel Generator Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Middle East Diesel Generator Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Middle East diesel generator market were the three major steps undertaken to create and analyze the adoption of diesel generators. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Middle East Diesel Generator Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Diesel Generator Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Diesel Generator Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as power rating, portability, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Diesel Generator Market. Further, we conducted factor analysis using dependent and independent variables such as power rating, portability, application, and end-user of the Diesel Generator Market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Middle East Diesel Generator Market.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Middle East Diesel Generator Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across Middle East. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Diesel Generator Market across Middle Eastern countries
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Middle East Diesel Generator Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.). Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Key Stakeholders
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Middle East Diesel Generator Market. Data was split into several segments & and sub-segments post studying various parameters and trends in the areas of the device, application, and end-user in the Middle East Diesel Generator Market.
The main objective of the Middle East Diesel Generator Market Study
The current & future market trends of the Middle East Diesel Generator Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Diesel Generator Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the power rating, portability, application, and end-user
- Define and analysis of the regulatory framework for the Diesel Generator industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Diesel Generator Market in the Middle East
- Major countries of regions studied in the report include UAE, Saudi Arabia, Egypt, Iran, and Rest of MENA
- Company profiles of the Diesel Generator Market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive country-level analysis of the industry.
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