A detailed study and segmentation of the stationary generator market in GCC with respect to fuel type (stationary diesel generators and stationary gas generators) and by output power capacity (less than 300 kW, 301 to 1,000 kW, and greater than 1,000 kW). The report also discusses the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market, which include Aggreko, Caterpillar, and Cummins.
Technavio has released updated information on the generator market, with the publication of its new market research report, stationary generator market in GCC. The stationary generator market in GCC is expected to grow at a CAGR of around 7% between 2015 and 2019. Factors such as changing government policies, growing IT/ITeS sector, growing automotive manufacturing sector, and development in public infrastructure are impacting the market positively. Saudi Arabia is the largest market for stationary generators in GCC.
“Of late, majority of the demand in this region is evident in the generator segment with output power capacity of less than 300 kW. However, during the forecast period, it is expected that the demand will gradually shift toward generators with output power capacity of above 1,000 kW, as the region is evolving into a dynamic industrial and commercial destination,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research
At present, the stationary diesel generator market holds the largest market share of the overall market. However, Technavio’s market research analysts expect the stationary gas generator market to increase its market share, growing at a CAGR of more than 9% during the forecast period. Gas as a fuel type is available either as natural gas or liquid propane and both these types are environmentally less hazardous than diesel and is thus gaining popularity among all types of end-user.
The key vendors in the stationary generator market in GCC are Aggreko, Caterpillar, and Cummins. Industrial end-users are resorting to the adoption of rental services when it comes to large diesel generators instead of owning one. This saves them a whole lot of investment involved in buying a generator and installing it. This trend is steadily encouraging some vendors to expand their business territory and enter the power rental market to reach out to a varied array of customers.
A more detailed analysis is available in the Technavio report, Stationary Generator Market in GCC: Industry Analysis 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other Related Reports:
- Stationary Generator Market in APAC 2015-2019
- Stationary Generator Market in Europe 2015-2019
- Global Residential Diesel Portable Generator Market 2015-2019
- Residential Portable Generator Market in the US 2015-2019
- Global Residential Diesel Portable Generator Market 2015-2019
Further Reading:
