Middle-East and Africa Diesel Generator Set Market Size Set to Touch Whopping USD 1041.564 Million by 2029

Published | 25 August 2023

Middle-East and Africa diesel generator set market is gaining traction because of the increased demand for uninterrupted power supply and growing construction activities.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle-East and Africa diesel generator set market size at USD 696.5139 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle-East and Africa diesel generator set market size to grow at a CAGR of 6.94% reaching a value of USD 1041.564 million by 2029. Rapid economic development and industrialization are significant growth drivers for the Middle East and Africa diesel generator set market, as they affect the demand for a constant supply of electricity in developing and growing nations.

Middle-East and Africa Diesel Generator Set Market – Overview

Diesel generators are devices that turn burning diesel fuel into electricity. To create power, these devices combine a diesel engine with an electric generator. All associated oil and gas operations, such as drilling, pumping, and loading, can have a constant source of electricity from diesel generators. Generator sets make it possible to have a power source when there is no electrical infrastructure. As a result, they remove roadblocks to project execution and aid in the development of isolated or underdeveloped areas.

Sample @ https://www.blueweaveconsulting.com/report/middle-east-and-africa-diesel-generator-set-market/report-sample

Middle-East and Africa Diesel Generator Set Market

Segmental Information

Middle-East and Africa Diesel Generator Set Market – By Application

Based on application, the Middle-East and Africa diesel generator set market is segmented into prime power, backup power, and peak shaving. The prime power segment accounts for the highest market share. These generator sets act as an effective solution for a primary source of power in underdeveloped countries, such as Sudan and Uganda, with poor power infrastructure. The backup power also covers a substantial market share as they are used as an emergency power supply if the grid fails, which is why it is being prominently used in commercial facilities.

Impact of COVID-19 on Middle-East and Africa Diesel Generator Set Market

The COVID-19 pandemic negatively affected the growth of the Middle East and Africa diesel generator set market. The industries were temporarily closed and cross-border trade was restricted during the pandemic lockdown in the region. As a result, the operations of the oil sector, which is one of the major end-user industries of the diesel generator set market, were hindered due to limitations on its export from Middle East countries including Saudi Arabia and UAE. Furthermore, investment in the power sector and the establishment of power generation systems were also halted during this period, which directly influenced the demand for diesel generator sets.

Competitive Landscape

Major players operating in Middle-East and Africa diesel generator set market include Caterpillar Inc., Cummins Ltd, Yanmar Holdings Co. Ltd, Atlas Copco AB, Honda Siel Power Products Limited, Kirloskar Oil Engines Limited, Mitsubishi Heavy Industries Ltd, Perkins Engines Company Limited

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Middle-East and Africa Diesel Generator Set Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle-East and Africa Diesel Generator Set Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle-East and Africa Diesel Generator Set Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt. Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com