Middle East & Africa Natural Gas Generator Market Size & Outlook
Middle East & Africa natural gas generator market, 2018-2030 (US$M)
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MEA natural gas generator market highlights
- The MEA natural gas generator market generated a revenue of USD 306.0 million in 2021.
- The market is expected to grow at a CAGR of 6.7% from 2022 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2021.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 306.0 million |
| Market revenue in 2030 | USD 550.1 million |
| Growth rate | 6.7% (CAGR from 2021 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, HighPower Gensets |
| Key market players worldwide | Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd, Kohler, GE Aerospace, MTU Onsite Energy, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global natural gas generator market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,474.5 million by 2030.
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Natural Gas Generator Market Scope
Natural Gas Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa natural gas 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 natural gas generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 42.32% in 2021. Horizon Databook has segmented the Middle East & Africa natural gas generator market based on low power gensets, medium power gensets, highpower gensets covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa natural gas genset market was valued at USD 249.6 million in 2018 and is expected to reach USD 403.1 million by 2025, accelerating at a CAGR of 7.1% over the forecast period. The energy consumption in the region is growing at a significant rate.
Natural gas is considered as one of the cleanest fossil fuels. The various governments in the region are seeking cost-effective ways to reduce their respective country’s reliance on diesel for backup power operations. These factors are anticipated to boost natural gas genset market in the region over the forecast period.
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Our clientele includes a mix of natural gas generator market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa natural gas generator market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA natural gas generator market size, by country, 2018-2030 (US$M)
Middle East & Africa Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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