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Dublin –(Business Wire) – This “UAE Diesel Generator Sets Market Size and Share Analysis by Rated Power (15-75 kVA, 76-375 kVA, 376-750 kVA, 751-1,000 kVA, Above 1,000 kVA), Application (Commercial, Industrial, Residential) – Industry Forecast to 2030” report added to ResearchAndMarkets.com’s supply.
According to this market research report, from USD 143.6 million in 2021, the UAE diesel generator set market is likely to grow at a CAGR of 4.0% during 2021-2030 and reach USD 204.5 million. The considerable progress is attributed to the increasing demand for backup and primary power sources, mainly in residential spaces, retail stores, hotels, hospitals and other commercial spaces. The industry is also driven by high demand for medium to high rated diesel generator sets in the mining, construction, energy and power, manufacturing, and oil and gas industries.
The 376-750 kVA category will account for the largest share of the UAE diesel generator set market at over 40% in 2021. This is due to the increasing installation of these genset backup power sources in shops, medical centers, hospitality units and industrial facilities.
The largest revenue share of the UAE diesel generator set market is 40% in 2021, occupied by the industrial category and is likely to witness significant growth in the coming years. Booming industrial development across the country, driven by government efforts to reduce reliance on oil and gas, is driving sales of diesel generator sets.
The UAE has also observed the increasing use of data centres by hyperscale cloud providers and businesses in other industries to take advantage of national and global data consumption. The government has also boosted the demand for cloud-based facilities in the country.In addition, with the rapid development of technologies such as IoT, big data, edge computing and 5G connectivity, additional data space has become critical in the UAE
Demand for energy-efficient DG units is on the rise from construction companies, oil and gas companies, and others across the country. To meet surging demand, UAE diesel generator set market players are launching innovative products, forging partnerships, and allocating resources and capital to establish or grow their supply chains.
The UAE has recently hosted a number of international events, such as the Abu Dhabi International Book Fair, which brings together more than 1,000 exhibitors from 50 countries; it will take place in 2022. In addition, the AFC Asian Cup was also held in 2019, with a total of 24 teams participating. Likewise, the Special Olympics World Games was held in Abu Dhabi, with approximately 7,500 athletes participating. Additionally, Expo 2020 is one of the biggest events in Dubai in recent times, taking place in 2021.
Market dynamics
trend
Introduced advanced diesel generator sets
driver
More and more data centers
The growing number of infrastructure projects
Population surge and rapid urbanization
Analysis of the impact of driving factors on market forecasts
constraint
Use alternative clean energy
Company Profile
Cummins
Kohler Corporation
Kubota Corporation
Atlas Copco AB
Mitsubishi Heavy Industries, Ltd.
Universal Holdings
Rolls Royce
Caterpillar Inc.
Doosan Energy Co., Ltd.
Wacker Neuson Group
Aksa Power Generation FZE
Giant Baili Brothers
For more information on this report, please visit https://www.researchandmarkets.com/r/68s2d7
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