Saudi Arabia DG Sets Market Market Projection, Technological Innovation And Emerging Trends

0
10Кб

As per a report by P&S Intelligence, the Saudi Arabian Diesel gene sets market generated a worth of USD 412.7 million in 2022, and it will propel at a 3.8% compound annual growth rate, to touch USD 555.4 million, in 2030. 

The growth in the industry is attributed to the increasing industrial and construction activities and rising retail business in the nation. 

In 2022, the 750–999 kVA power capacity genset accounted for the largest revenue share, and it will propel at a 4.1% compound annual growth rate in the years to come. This is credited to the nation's mounting hospitality sector.

Based on volume, in 2022, the 15 to 75 kVA category held the largest share, at approximately 57%. This is ascribed to the versatile applications, easy maintenance, and low costs of these generators. 

Moreover, the increasing megaprojects in the country, for instance, hotels, educational institutions, office spaces, city, and residential area expansions, have led to a massive surge in the power backup solutions required in the nation. Therefore, driving the growth of this category.

Browse detailed report - Saudi Arabia DG Sets Market Analysis and Demand Forecast Report

Moreover, the industry will provide lucrative opportunities due to the growing investment by original equipment manufacturers in the nation.

Players in the industry have been involved in joint ventures, facility expansions, and product launches in the past few years, to gain a significant position.

It is because of the growing investment in industrial and construction sectors, mounting consumption of power, and rapid development of educational institutions, smart cities, hotels, residential buildings, and office spaces in the country, the requirement for DG sets will continue to increase in the years to come.

 

 

Поиск
Категории
Больше
Другое
How SEO Services UAE Can Transform Your Digital Marketing
In today’s digital age, having a strong online presence is crucial for businesses aiming to...
От edirectae 2025-07-27 12:52:30 0 853
Другое
The Role of Apple Varieties in Juice Quality and Market Demand
The global apple juice market is poised for significant growth, valued at approximately US$ 7.8...
От mayurgunjal20 2024-10-09 17:42:38 0 3Кб
Игры
Overcoming Limitations in Oxidative Desulfurization: Catalyst Deactivation and Byproduct Management
Oxidative desulfurization (ODS) has emerged as a promising technology for producing...
От Purepath 2025-07-22 08:41:03 0 752
Networking
Thymidylate Synthase Inhibitor Market to reach Blatant Growth in Coming years by 2031
Thymidylate Synthase Inhibitor Market report has recently added by Analytic Insights Hub which...
От CooL_PsD 2025-02-05 06:05:06 0 2Кб
Другое
Hempcrete Market Size, Growth, Trends, Forecast (2025-2033)
According to a new report by UnivDatos, the Hempcrete Market is expected to reach USD million in...
От Rohit02 2025-10-15 08:42:54 0 196