Saudi Arabia DG Sets Market Growth, Development and Demand Forecast Report

However, Saudi Arabia imports approximately 70% of the total sales of DG sets per year. This is because of the limited local production of medium and large diesel generators in the nation.

The total revenue of the Saudi Arabia DG sets market will reach USD 555.4 million by 2030, growing at a rate of 3.8% in the years to come. The industry has observed considerable growth, because of the surge in industrial and construction activities along with retail business in the nation.

 

750–999 kVA capacity gensets held the largest share in the recent past. This will grow at a rate of 4.1% in the years to come.

This has a lot to do with the rapidly increasing hospitality sector of the nation, which is boosted by the expansion of midscale and budget hotels, for example 2-star, 3-star, and 4-star hotels and pilgrim accommodation in the city of Makkah.

Hence, the requirement for gensets in hotels is snowballing at the highest pace for meeting the power backup.

Browse detailed report - Saudi Arabia DG Sets Market Analysis and Demand Forecast Report

The sales of the diesel generators in the industrial sector was the largest, with a share of around 46%, in the Saudi Arabia DG sets market. The requirement for DG sets in this sector of the country is increasing, as these provide a one-stop solution for power solutions in situations such as power outages, grid failure, and emergencies.
Also, a number of major infrastructure projects, for instance the Neom, the Amaala, and the Red Sea, being developed under the Vision 2030, are also powering the requirement for diesel generators.

 


Brett Lee

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