Market Size of Middle East And Africa Generator Sets Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.27 Billion |
| Market Size (2029) | USD 4.24 Billion |
| CAGR (2024 - 2029) | > 5.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Generator Sets Market Analysis
The Middle-East And Africa Generator Sets Market size is estimated at USD 3.27 billion in 2024, and is expected to reach USD 4.24 billion by 2029, growing at a CAGR of greater than 5.30% during the forecast period (2024-2029).
- Factors such as increasing demand for uninterrupted and reliable power supply are expected to drive the market.
- Conversely, the availability of cleaner alternatives and advancement in battery technologies are expected to restrain market growth during the forecast period.
- Nevertheless, the increasing popularity of hybrid generators and the rising reliability of the hybrid system may be an opportunity for the industry due to its usage of various resources, driving down the cost and reducing dependence on a single fuel.
- Nigeria is expected to be the largest market due to its large population and increasing economic growth. The demand for electricity is expected to rise with an increase in the size of its population.
