Saudi Arabia Generator Sales Market Overview, 2028

Saudi Arabia Generator Sales Market Overview, 2028

Bonafide Research 31-05-2023 68 Pages Figures : 7 Tables : 22
Region : MEA Country : Saudi Arabia Category : Energy & Utility Power storage & Backup

In Saudi Arabia, the demand for electricity is increasing rapidly due to population growth, urbanisation, and industrialization. This has resulted in a high demand for generators as a backup power source during power outages and to meet the demand for an uninterrupted power supply. Furthermore, Saudi Arabia is investing heavily in infrastructure development, including the construction of new buildings, roads, and bridges. This has resulted in a high demand for generators to power construction sites and other temporary power requirements. Moreover, Saudi Arabia is one of the largest oil-producing countries in the world. The oil and gas industry requires a reliable power supply to operate critical equipment, which has increased the demand for generators. In addition, the tourism industry in Saudi Arabia is growing rapidly, with several large-scale projects underway, including the construction of new hotels, resorts, and entertainment facilities. These projects require a reliable power supply, which has boosted the demand for generators. Furthermore, Saudi Arabia is prone to extreme weather conditions, such as sandstorms and heatwaves. These conditions can cause power outages, which has led to an increase in the demand for generators as a backup power source. According to the research report "Saudi Arabia Generator Sales Market Overview, 2028," published by Bonafide Research, the Saudi Arabia Generator Sales Market is expected to reach size of more than USD 715 Million by 2028. There is a growing trend in Saudi Arabia for hybrid generators, which combine renewable energy sources such as solar or wind power with traditional fossil fuel generators. This trend is being driven by the government's push towards renewable energy and the need for more sustainable power sources. Furthermore, there is a growing demand for rental generators in Saudi Arabia. This trend is being driven by businesses and individuals who prefer to rent generators rather than invest in purchasing them, as it can be more cost-effective in the short term. Moreover, smart generator technology, which uses artificial intelligence and machine learning to optimise generator performance and reduce downtime, is gaining popularity in Saudi Arabia. This technology is helping to improve the efficiency and reliability of generators, reducing costs and improving overall performance. In addition, portable generators are becoming more popular in Saudi Arabia due to their versatility and ease of use. They can be used for a variety of applications, including outdoor events, construction sites, and emergency backup power. In Saudi Arabia's generator sales market, diesel-based generators hold the highest market share due to their reliability and durability. Diesel generators are widely used in the country due to their ability to operate for an extended period without requiring maintenance, making them suitable for use in remote locations. In addition, gas-based generators are also gaining popularity in Saudi Arabia due to their lower emissions and lower fuel costs compared to diesel generators. However, their market share is still relatively small compared to diesel generators. On the other hand, standby generators are used as a backup power source in case of power outages. They are designed to automatically switch on and provide power to critical systems when the primary power source fails. Standby generators are widely used in commercial, residential, and industrial sectors in Saudi Arabia. These generators are essential for applications that require uninterrupted power supply, such as hospitals, data centres, and airports. In addition, prime and continuous generators are used as the primary source of power in areas where grid power is unavailable or unreliable. These generators are designed to provide a continuous power supply for extended periods without interruptions. Prime and continuous generators are used in construction sites, oil and gas exploration sites, and remote areas. The majority of residential buildings, small businesses, and offices in the country require power backup solutions with a power rating below 100 KVA, and these generators are suitable for meeting their requirements. Furthermore, with the growing trend towards green energy, more consumers are opting for solar-powered generators and hybrid generators, which have a lower power output of below 100 KVA. In addition, the 100–350 kVA range of generators is expected to have the highest CAGR in the Saudi Arabia generator sales market during the forecast period. The Saudi government's plans to diversify its economy and develop the non-oil sector are driving demand for construction and infrastructure development, which in turn is increasing demand for generators in this power range. Additionally, the increasing adoption of renewable energy sources, such as solar and wind, is driving demand for hybrid generators that can operate on multiple fuel sources, including diesel and gas, in the 100–350 kVA range. Considered in this report • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia Generator Sales market with its value and forecast along with its segments • On-going trends and developments • Top profiled companies • Strategic recommendation By Fuel Type • Diesel • Gas • Others (LPG, biofuel, coal gas, producer gas, gasoline, and propane gas) By Application • Standby • Prime & Continuous • Peak Shaving By End User • Industrial • Commercial • Residential By Power Ratings • Below 100 kVA • 100–350 kVA • 350–1,000 kVA • 1,000–2,500 kVA • 2,500–5,000 kVA • Above 5,000 kVA By Sales Channels • Indirect • Direct By Design • Stationary • Portable The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Read More

Card image cap

Interested in this report?
Get your FREE sample!

Requirement Gathering & Methodology
Data Collection Techniques
Our Research Team & Data Sourcing
Data Science & Analytical Tools
Data Visualization & Presentation Skills
Project/ Report Delivery & After Sales Services