Saudi Arabia Diesel Generator Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Saudi Arabia Diesel Generator market is projected to grow at a CAGR of around 12.18% during the forecast period, i.e., 2023-28. This is owing to the growing application of diesel generators in the oil & gas industry, manufacturing units, commercial, and other sectors. A diesel generator is the combination of a diesel engine with an electric generator to generate electrical energy. The main components of these generators include a diesel engine, an AC alternator, a fuel tank, a control panel, & radiator. These generators are used either as a power backup system or as a prime electricity source.
In addition, the Saudi Arabia Diesel Generator Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
Possible Restraint: Disruption in Supply Chain for Raw Materials
Saudi Arabia Diesel Generation industry is an import-dependent economy, owing to the fewer manufacturing facilities for generators. Further, most construction companies & rental equipment industries in the country buy these generators for short- & long-term construction projects to have an uninterrupted power supply. In recent years, the government in Saudi Arabia has highly invested & announced several mega construction projects such as NEOM, and Four Points Hotel Jeddah Corniche, among others, which led to a surge in the requirement for these generators in the construction sites.
However, due to supply chain disruption, the unavailability of components faced by the manufacturing companies resulted in hampering the market growth. The delay in supplying generators further slowed the country’s construction activities. Hence, the supply chain disruption for the raw materials after the pandemic made it difficult for the manufacturers to fulfill the growing need, thus impeding market growth.
Saudi Arabia Diesel Generator Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Saudi Arabia Diesel Generator Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter’s five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By KVA Rating
-Up to 75KVA
-75.1 KVA to 375 KVA
-375.1 to 750 KVA
-750.1 KVA to 1000 KVA
-Above 1000 KVA
-Prime & Continuous Power
-By End Users
-Commercial (Hospitality, Retail, Educational Institutions, etc.)
-Government & Transport (Airports, Metro Stations, Govt. Buildings, Religious Centres, etc.)
-Oil & Gas
-Industrial (Manufacturing Facilities, Assembly Units, etc.)
-Equipment Rental Companies
Each sections offer valuable insights into the Saudi Arabia Diesel Generator Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
Competitive Analysis of the Saudi Arabia Diesel Generator Industry
-Atlas Copco Industrial Equipment Co.
-Aksa Power Generation
-Saudi Diesel Equipment Co. Ltd.
-Generac Holdings Inc.
-Siemens Energy AG
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Saudi Arabia Diesel Generator Market Research Report Answers the Following Key Questions
- How big is the Saudi Arabia Diesel Generator Market?
- What is the projected growth rate or CAGR of the Saudi Arabia Diesel Generator Market during 2023-28?
- What are the key trends or growth opportunities for the key players in the Saudi Arabia Diesel Generator Market?
- Which ‘segment’ seems promising for companies operating in the Saudi Arabia Diesel Generator Market?
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