Market Size of Middle East And Africa Diesel Generator Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.80 Billion |
Market Size (2029) | USD 3.42 Billion |
CAGR (2024 - 2029) | > 4.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Diesel Generator Market Analysis
The Middle-East And Africa Diesel Generator Market size is estimated at USD 2.80 billion in 2024, and is expected to reach USD 3.42 billion by 2029, growing at a CAGR of greater than 4.10% during the forecast period (2024-2029).
- Over the medium term, the unreliable power supply from the distribution center and increasing construction and infrastructure projects are expected to drive the market during the forecasted period.
- On the other hand, increasing concerns over carbon emissions are expected to hinder the growth of the market during the forecasted period.
- Nevertheless, hybrid systems with integrated diesel generators with renewable energy sources are expected to create huge opportunities for the Middle-East and African diesel generator market.
- Nigeria is expected to be a dominant region for the market due to the increasing demand for energy in the region.