Saudi Arabia Diesel Generator Market Size & Outlook
Saudi Arabia diesel generator market, 2019-2030 (US$M)
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Saudi Arabia diesel generator market highlights
- The Saudi Arabia diesel generator market generated a revenue of USD 1,162.1 million in 2022 and is expected to reach USD 1,933.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2022.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
Diesel generator market data book summary
| Market revenue in 2022 | USD 1,162.1 million |
| Market revenue in 2030 | USD 1,933.4 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, High Power Gensets |
| Key market players worldwide | Atlas Copco AB Class A, Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Honda Motor Co Ltd, Kohler, Rolls-Royce Holdings PLC, Wartsila Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 7.7% of the global diesel generator market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia diesel generator market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,800.9 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia diesel generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diesel generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 42.41% in 2022. Horizon Databook has segmented the Saudi Arabia diesel generator market based on low power gensets, medium power gensets, high power gensets covering the revenue growth of each sub-segment from 2019 to 2030.
Saudi Arabia diesel generator market is expected to progress at the CAGR of 6.6% in the Middle East & Africa region. The demand for power in the country is rising owing to the rapid urbanization coupled with intense industrial expansion, and the trend is likely to continue over the forecast period. Moreover, demand for electrical energy is growing owing to the rapidly expanding cities and industries.
Power utilities in Saudi Arabia faces a shortage of electricity during the summer period mainly due to the high consumption of electricity which is expected to drive the market for diesel generator. The government is opting for public–private partnership for the financing and construction of new projects.
In June 2022, Saudi Arabia proposed the construction of two 1.4GW Nuclear power plants. The new power plant project is valued at 9.2 Billion dollars. The expected rise in the supply and demand for electricity in the coming years is likely to provide several opportunities for the growth of diesel generator market from power industry in the country.
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Our clientele includes a mix of diesel generator market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia diesel generator market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia diesel generator market size, by power rating, 2019-2030 (US$M)
Saudi Arabia Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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