Market Size of Middle East and Africa Gas Generator Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 6.25 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Gas Generator Market Analysis
The Middle East and Africa gas generator market is expected to grow at a CAGR of more than 6.25% over the period of 2020-2025. Booming industrial and commercial sectors, growing need to generate power through clean energy sources, inadequate power infrastructure, stringent environmental regulations, and expanding pipeline infrastructure are expected to boost demand for gas generators in the coming years. However, the lack of gas grid connectivity via pipeline, resulting in hindered fuel supply, is expected to act as a challenging factor to overcome for the gas generators market in the region.
- The increasing deployment of gas generators in several end-user industries in the region is expected to drive the market during the forecast period.
- Emissions related to conventional generators harm the environment which has urged governments to revise the generator emission standards and the increasing need for power in industrial operations is expected to create significant opportunities for market participants in the near future.
- Saudi Ariba is expected to dominate the market during the forecast period for gas generators, with the falling cost of natural gas, the usage of natural gas across the commercial and residential sector is expected to increase.