Market Size of Saudi Arabia Diesel Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.18 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Diesel Generator Market Analysis
The Saudi Arabia diesel generator market is expected to grow at a CAGR of more than 4.18% over the period of 2020-2025. The rising number of infrastructure projects, growing electricity demand supported by favorable government initiative schemes for the overall development of the country are some of the key driving factors for the diesel generator market in Saudi Arabia. On the flip side, the country's efforts to diversify its power generation mix by introducing renewable energy sources are expected to hinder the growth of the market studied.
- The industrial sector accounted for the largest share of the revenue from the sale of diesel generators in 2019 owing to the increasing demand for continuous and reliable power supply from the industrial sector.
- An increasing number of telecom subscribers have created a need to increase the installation of telecom towers in the Kingdom of Saudi Arabia. These towers require a continuous power supply, which is expected to create significant opportunities for market participants in the near future.
- Standby power source by application accounted for the largest share in the market in 2019, with the majority of the demand coming from industrial and commercial sectors, this is likely to propel the growth of Saudi Arabia diesel generator market
