Table of Contents
The growth in infrastructure and the rise in the standards of living are fuelling the demand for diesel Gensets in the GCC region. The sale of generators in the GCC region grew from $564.6 million in 2011 to over $700 million in the year 2015. According to GrowthPraxis’s forecast, the Diesel Genset market in the GCC region is expected to grow at a CAGR of over 9% between 2015 and 2020. Middle East is one of the fastest growing regions in the world. With the development of large infrastructure projects, and upcoming industries such as IT, Automotive and defence, the demand for diesel powered generator sets is expected to increase. As the region has abundance of oil, the uptake of gensets for power is expected to increase.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
The global crane market is expected to grow at a CAGR of over 6% till 2022. The market accounted to USD 32.45 billion in 2016. Innovations in manufacturing and smart design have resulted in adaptable, ...
“Growing need for personal mobility in wake of rising urbanization and fall in car ownership are expected to fuel the demand for mobility on demand” The mobility on demand market is projected to grow ...
Rising demand of integrated security and safety system for enhancing public safety is expected to drive the growth of the smart transportation market The smart transportation market size is expected to ...
United Arab Emirates