Saudi Arabia Diesel Genset Market Synopsis
Saudi Arabia Diesel Generator Market is heavily deployed across various applications such as commercial, industrial, and others to provide power backup during peak times or when there is a shortage. The rising number of upcoming infrastructure projects and growing electricity demand supported by favorable government initiative schemes for the overall development of the country are some of the key factors which would drive the market for Diesel generators in Saudi Arabia over the coming years. For instance, ‘Neom’, the Red Sea Project, Amaala, GCC Railway Project, Waterfront Infrastructure Facilities Project – Phase II, Medina Metro Project, and many more are the upcoming infrastructure projects in the country. Furthermore, the increasing focus on energy efficiency would positively influence the Saudi Arabia diesel Genset market during the forecast period. The outburst of coronavirus has adversely impacted the country’s Diesel Generator market in 2020 as the government imposed nationwide lockdown has led to the closure of all construction operations and disrupted the demand and supply of diesel gensets. However, the market is expected to recover post the pandemic.
According to 6Wresearch, Saudi Arabia Diesel Genset Market size is projected to grow at CAGR of 2.8% during 2020-2026. Saudi Arabia Diesel Genset Market is anticipated to witness growth in the coming years on account of rapid urbanization coupled with rising industrialization in the country. Owing to accelerating growth projections in the investments pertaining to the power and IT sector in Saudi Arabia coupled with commercialization in the country, the Saudi Arabia diesel Genset market is expected to witness sound growth in the upcoming six years. Also, with a rising consumer inclination towards electricity independence along with a lack of accessibility to the electricity grid system in the country, the Saudi Arabia diesel Genset market is anticipated to witness sound growth during the forecast period 2020-26F. Saudi Arabia has access to the electricity supply through renewable energy sources with the majority of the electricity being supplied to the country from hydroelectric power plants.
Key Highlights of the Report
- Saudi Arabia Diesel Genset Market Overview.
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- Saudi Arabia Diesel Genset Market Share, By
- Companies
- Competitive Benchmarking
- Saudi Arabia Diesel Genset Market Outlook.
- Saudi Arabia Diesel Genset Market Forecast.
- Market Drivers and Restraints
- Saudi Arabia Diesel Genset Market Trends
- Industry Life Cycle
- Company Profiles
- Key Strategic Recommendations
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