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Middle East And Africa Diesel Generator Set Market

Middle East And Africa Diesel Generator Set Market

Middle East and Africa Diesel Generator Set Market, By Ratings (0–75 kVA, 75–375 kVA, Above 375 kVA); By Application (Prime Power, Backup Power, Peak Shaving); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of Middle East and Africa), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: August 2023
  • Report ID: BWC23700
  • Available Format: PDF
  • Page: 200

Report Overview

Increased demand for uninterrupted power supply and growing construction activities are expected to boost the growth of Middle East and Africa diesel generator set market during the forecast period between 2023 and 2029.

Middle East and Africa Diesel Generator Set Market - Industry Trends & Forecast Report, 2029

Middle East and Africa diesel generator set market size was estimated to be worth USD 696.5 million in 2022. During the forecast period between 2023 and 2029, the Middle East and Africa diesel generator set market size is projected to grow at a CAGR of 6.94%, reaching a value of USD 1,041.5 million by 2029. Major growth factors for the Middle East and Africa diesel generator set market include rapid economic development and industrialization, influencing the demand for continuous power supply in emerging and underdeveloped economies.

Middle East and Africa Diesel Generator Set Market

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.

Middle East and Africa Diesel Generator Set Market

Growth Drivers

Increased Demand for Uninterrupted Power Supply

The Middle East and African countries are some of the fastest growing economies in the world and as a result, they are making substantial investments in the infrastructure needed to produce electricity. It is projected that the growing industrial sector, burgeoning population, economic diversification, and investments in non-oil and petrochemical industries would all contribute to the nation's demand for diesel generator sets.

Restraints

Environmental Impact of Diesel Generator Set

Although diesel generators offer dependable emergency power, they are bad for the environment. Diesel generators emit both hazardous chemicals and greenhouse gases (GHGs). The quantity of GHG emissions from a typical diesel generator is more than double that of grid electricity. Additionally, compared to some alternatives, traditional gasoline and diesel generators generate a lot more pollutants and greenhouse gases. Consequently, the end-user sectors are switching to more environmentally friendly options, such as the usage of batteries, which might have a negative effect on the growth of the Middle East and Africa diesel generator set market.

Middle East and Africa Diesel Generator Set Market

Segmental Coverage

Middle East and Africa Diesel Generator Set Market – By Ratings

Based on ratings, the Middle East and Africa diesel generator set market is segregated into 0–75 kVA, 75–375 kVA, and above 375 kVA. The 75–375 kVA ratings hold the largest share in the Middle East and Africa diesel generator set market. Diesel generators with these ratings are extremely effective, economical, quiet, and durable. They are therefore best used in industrial and commercial power systems. Due to their use in high-load applications, the over 375 kVA-rated generator sets also account for a sizable market share.

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 backup power diesel generators are used as an emergency power supply if the grid fails, which is why it is being prominently used in commercial facilities.

Middle East and Africa Diesel Generator Set Market Share

Middle East and Africa Diesel Generator Set Market – By Country

The Middle East and Africa diesel generator set market covers a number of countries in the region including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and rest of MEA. Saudi Arabia dominates the Middle East and Africa diesel generator set market. The Kingdom has been economically growing and investing in infrastructure development and non-oil sectors. The launch of various projects, including a new airport in Riyadh, USD 500 billion Neom mega city, and others, are anticipated to boost the demand for diesel generator sets in the country.

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.

Recent Developments

  • In July 2023 - Guangxi Dingbo Power Equipment Co. Ltd, a diesel generator manufacturer based in China, signed an export trade contract for 30 sets of 90 kw open-type Cummins diesel generator sets with a buyer in Saudi Arabia.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, rest of MEA

Product/ Service Segmentation

Ratings, Application, Country

Key Players

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

 

By Ratings

  • 0–75 kVA

  • 75–375 kVA

  • Above 375 kVA

By Application

  • Prime Power

  • Backup Power

  • Peak Shaving

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Algeria

  • Rest of MEA

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  Middle East and Africa Diesel Generator Set Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increased Demand for Uninterrupted Power Supply
        2. Growing Construction Activities
      2. Restraints
        1. Advancements in Battery Technologies
        2. Availability of Cleaner Alternatives
      3. Opportunities
        1. Increasing Electricity Demand
        2. Energy Production for Underserved Communities
      4. Challenges
        1. Lack of Access to Electricity
        2. Remote Locations and Infrastructure
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4.  Middle East and Africa Diesel Generator Set Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Ratings
        1. 0–75 kVA
        2. 75–375 kVA
        3. Above 375 kVA
      2. By Application
        1. Prime Power
        2. Backup Power
        3. Peak Shaving
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of Middle East and Africa
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Diesel Generator Set Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on Middle East and Africa Diesel Generator Set Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Caterpillar Inc.
    2. Cummins Ltd
    3. Yanmar Holdings Co. Ltd
    4. Atlas Copco AB
    5. Honda Siel Power Products Limited
    6. Kirloskar Oil Engines Limited
    7. Mitsubishi Heavy Industries Ltd
    8. Perkins Engines Company Limited
    9. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

Figure 1       Middle East and Africa Diesel Generator Set Segmentation

Figure 2       Middle East and Africa Diesel Generator Set Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Middle East and Africa Diesel Generator Set Market Size, By Value (USD Million), 2019–2029

Figure 5       Middle East and Africa Diesel Generator Set Market Share, By Ratings, By Value, 2019–2029

Figure 6       Middle East and Africa Diesel Generator Set Market Share, By Application, By Value, 2019–2029

Figure 7       Middle East and Africa Diesel Generator Set Market Share, By Country, By Value, 2019–2029

 

List of Tables

 

Table 1 Middle East and Africa Diesel Generator Set Market Size, By Value (USD Million), 2019–2029

Table 2 Middle East and Africa Diesel Generator Set Market Share, By Ratings, By Value, 2019–2029

Table 3 Middle East and Africa Diesel Generator Set Market Share, By Application, By Value, 2019–2029

Table 4 Middle East and Africa Diesel Generator Set Market Share, By Country, By Value, 2019–2029

Table 5 Caterpillar Inc. Company Overview

Table 6 Caterpillar Inc. Financial Overview

Table 7 Cummins Ltd Company Overview

Table 8 Cummins Ltd Financial Overview

Table 9 Yanmar Holdings Co. Ltd Company Overview

Table 10      Yanmar Holdings Co. Ltd Financial Overview

Table 11      Atlas Copco AB Company Overview

Table 12      Atlas Copco AB Financial Overview

Table 13      Honda Siel Power Products Limited Company Overview

Table 14      Honda Siel Power Products Limited Financial Overview

Table 15      Kirloskar Oil Engines Limited Company Overview

Table 16      Kirloskar Oil Engines Limited Financial Overview

Table 17      Mitsubishi Heavy Industries Ltd Company Overview

Table 18      Mitsubishi Heavy Industries Ltd Financial Overview

Table 19      Perkins Engines Company Limited Company Overview

Table 20      Perkins Engines Company Limited Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Middle East and Africa Diesel Generator Set Market size was estimated at USD 696.5 million in 2022.
Ans: Major factors driving the growth of Middle East and Africa Diesel Generator Set Market include increased demand for uninterrupted power supply and growing construction activities.
Ans: Saudi Arabia is expected to grow at the fastest rate in Middle East and Africa Diesel Generator Set Market during the forecast period between 2023 and 2029.
Ans: The prime segment held the highest market share in the Middle East and Africa Diesel Generator Set Market by application.
Ans: Key players 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, and Perkins Engines Company Limited.
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