Market Forecast By KVA Ratings (5-75 KVA, 75.1-375 KVA, 375.1-750 KVA, 750.1-1000 KVA And Above 1000 KVA), Applications (Retail & Logistics, Oil & Gas, Government & Transportation, Rental, Commercial And Others), Countries (Saudi Arabia, UAE, Lebanon, Turkey, Qatar, Kuwait, Iran, Oman And Rest Of Middle East) And Competitive Landscape
According to 6Wresearch, the Middle East Diesel Generator market size is anticipated to grow at a CAGR of 4.3% during 2017-23. UAE, Saudi Arabia, and Kuwait governments are taking major steps to strengthen the non-oil sectors due to the recent decline in crude oil prices, which has impacted the market. With the expected recovery of crude oil prices in 2017 and an increase in public infrastructure development for the next six years, the market would rebound during the forecast period.
Continuous development of mega projects such as Dahiyat Al Fursan New City (Saudi Arabia), Al Maktoum International Airport expansion (UAE), and Lusail City (Qatar) are driving the demand for diesel Genset in the construction industry in the Middle East region. Low crude oil prices have affected the growth of Middle East countries, which has led to initiatives taken by the governments to diversify their economies towards non-oil sectors.
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