The Saudi Arabia Diesel Generators Market is projected to grow at a CAGR of 5% in the forecast period of 2021-26, cites MarkNtel Advisors in their recent research report. The market growth attributes to the burgeoning demand for electricity across industries like commercial, telecom, residential, public premises, oil & gas retail, & transport, among other sectors, and their demand for an uninterrupted flow of energy, propelling the demand for diesel generators.
Besides, the growing government focus on upgrading infrastructures under plans like Saudi Arabia Vision 2030, including education, healthcare, infrastructure, tourism, etc., is further demonstrating a higher power requirement and, in turn, augmenting the demand for these generators. The same aspect is also generating lucrative opportunities for the leading players to increase their production & distribution capacities and cater to the burgeoning demands throughout the country, stimulating market growth.
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Another prominent factor providing the necessary impetus to market growth is the government’s focus on shifting the economy away from oil and gas. Such a shift is paving the way for more construction projects across the nation and, in turn, enlarging the demand for diesel generators to deliver an uninterrupted power supply, further states the research report.
However, with growing concerns and awareness over sustainable developments and with major organizations promoting clean fuels, the respective government is laying out stringent restrictions on the use of fossil fuels, which might hinder market ripening in the coming years, further states the recent research report “Saudi Arabia Diesel Generators Market Analysis, 2021.”
Frequent Power Outages Backing the Upsurge in Stand-By Diesel Generators Demand
Based on the Type, Stand-By generators are projected to make substantial contributions to the growth of the Saudi Arabia Diesel Generators Market, hinting toward the presence of lucrative opportunities for the leading players during the projected time frame. It can be credited to the extended adoption of diesel generators as a backup source of power supply at times of power outages & emergencies. As such, the Stand-by generators automatically sense a power crisis and continue facilitating services by preventing further power loss.
Moreover, the broad adoption of Standby generators in telecommunication centers, computer server farms, banks, operating rooms, intensive care units (ICUs), & other critical systems where a power outage could lead to severity, further prompts the market growth, owing to their unmatched potential in continuing the power to appliances until it is restored.
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The leading players in the Saudi Arabia Diesel Generators Market are Cummins, Caterpillar, FG Wilson, Perkins, MTU, Himoinsa, Atlas Copco, Kohler Power System, Kirloskar, Saudi Diesel Equipment Co., Ltd.
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