Saudi Arabia Natural Gas Generator Market Size & Outlook
Saudi Arabia natural gas generator market, 2018-2030 (US$M)
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Saudi Arabia natural gas generator market highlights
- The Saudi Arabia natural gas generator market generated a revenue of USD 113.9 million in 2021 and is expected to reach USD 203.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.6% 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.
Natural gas generator market data book summary
| Market revenue in 2021 | USD 113.9 million |
| Market revenue in 2030 | USD 203.1 million |
| Growth rate | 6.6% (CAGR from 2021 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Saudi Arabia accounted for 1.6% of the global natural gas generator market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia natural gas 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 191.5 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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Saudi Arabia 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 42.23% in 2021. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia natural gas genset market is expected to progress at the fastest CAGR in the MEA 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.
The government is opting for public–private partnership for the financing and construction of new projects. Private partnership in the country’s power sector has resulted in the upgrade of technology while reducing carbon emissions.
In 2015, Saudi Arabia signed an agreement with South Korea to conduct a feasibility study for 16 nuclear plants to meet the surging electricity demand in the country. The electricity demand in Saudi Arabia is expected to reach approximately 88 GW by 2020.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia natural gas generator market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia natural gas generator market size, by power rating, 2018-2030 (US$M)
Saudi Arabia Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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