MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Saudi Arabia Diesel Generator Market Size, Share, Analysis, Forecast 2023-2028.
Saudi Arabia Diesel Generator Market Analysis and Insights:
The Saudi Arabia Diesel Generator Market size is estimated to grow at a CAGR of around 12.18% during the forecast period, i.e., 2023-28.
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Saudi Arabia Diesel Generator Market Dynamics
Key Driver: Uninterrupted Power Supply Demand from the Industries for Operational Activities
There are certain sectors where an uninterrupted power supply is required to ensure the smooth functioning of the industry. Hence, to suffice this need, several industries seek diesel generators as standby units. These generators are in high demand in industries like healthcare, oil refineries, and telecommunications due to unforeseeable circumstances such as power outages & blackouts. In the healthcare sector, machines such as ventilators rely on electricity to function, therefore hospitals & nursing homes keep standby diesel generators on hand to avoid disruption. Furthermore, the telecom industries have led to growth in the market for diesel generators, as telecom companies have set up new base stations to ensure better network coverage following the arrival of 5G in 2019.
Additionally, over 1000 base stations were formed to provide users with a better network coverage range & increase internet penetration in Saudi Arabia, which elevated the requirement for generators. Further, the oil & gas industries use power generators for drilling & digging since the equipment requires more power to provide the service. As a result, industries rely on these generators to supply power & provide backup to fine-tune industrial operations, as these industries typically require a consistent supply, resulting in a demand for commercial & large-power generators during 2023-28.
Saudi Arabia Diesel Generator Market Report Segmentation:
The report has segmented the market into the following categories:
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
By Type
-Stand By
-Prime & Continuous Power
-Peak Shaving
By End Users
-Residential
-Commercial (Hospitality, Retail, Educational Institutions, etc.)
-Healthcare
-Government & Transport (Airports, Metro Stations, Govt. Buildings, Religious Centres, etc.)
-Oil & Gas
-Industrial (Manufacturing Facilities, Assembly Units, etc.)
-Equipment Rental Companies
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Who are the top Companies in the Saudi Arabia Diesel Generator Market?
Cummins Arabia, Atlas Copco Industrial Equipment Co., FG Wilson, Kohler SDMO, Aksa Power Generation, Caterpillar Inc., Saudi Diesel Equipment Co. Ltd., Generac Holdings Inc., Siemens Energy AG, Kirloskar DMCC
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