Market Size of Middle East Portable Generator Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | < 2.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East Portable Generator Market Analysis
The portable generator market in the Middle East is projected to register a CAGR of less than 2.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. It has now reached pre-pandemic levels.
- Over the short term, increased demand for uninterrupted and reliable power supply is expected to drive the market.
- On the other hand, fluctuating fuel prices are expected to hamper the growth of the market during the forecast period.
- Nevertheless, an increase in the adoption of hybrid technology, such as solar-based portable inverters, will likely create lucrative growth opportunities during the forecast period.
- Iraq is expected to dominate the market due to increasing electricity demand in the country. Rising power outages are expected to propel the need for portable generators during the forecast period.
