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GCC Diesel Auxiliary Power (Generator Sets) Market Study (December 2015)

  • February 2016
  • -
  • GrowthPraxis
  • -
  • 61 pages

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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.

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