The impact of Low operating costs and Power blackouts due to natural disasters in its Diesel Gensets Market in GCC countries| Growth Analysis through 2023-2027
The Diesel Gensets Market in GCC Countries is likely to experience steady growth because of Low operating costs and power blackouts due to natural disasters. Rising at a CAGR of 5.34%, the market is estimated to have an incremental growth of USD 283.08 mn by 2027.
The diesel Gensets Market in GCC Countries is segmented by application (residential, commercial, and industrial) and product (stationery diesel gensets and portable diesel gensets).
Diesel Gensets Market in GCC Countries ~Market Analysis
As per a Technavio analyst: the “Quote” reason is expected to boost the growth of the Diesel Gensets Market in GCC Countries
Improving the performance of gas gensets and Growing demand for alternative backup power equipment are expected to hinder the growth of the market. However, the Incorporation of remote monitoring systems in gensets and the Emergence of bi-fuel portable generators will have a positive impact on the diesel gensets market in GCC countries during the forecast period.
Some of the major market players worth mentioning are Action International Services LLC, Atlas Copco AB, Caterpillar Inc., Cummins Inc., Deere & Co., Generac Holdings Inc., J C Bamford Excavators Ltd., Jubaili Bros, KAZANCI HOLDING, Kirloskar Oil Engines Ltd., Kohler Co., Mahindra and Mahindra Ltd., Mitsubishi Heavy Industries Ltd., etc. Technavio's report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem.
Technavio’s analysis of the Diesel Gensets Market in GCC Countries also includes: