BURNABY, Canada, February 3, 2014 /PRNewswire/ --
Increasing housing infrastructure and growing requirements for uninterrupted power are fueling growth in diesel generator market in Saudi Arabia
High economic growth rate, continuing investments towards world class infrastructure, growth in telecom market, coupled with expansion of healthcare industry and the housing market are few of the key factors driving the demand for diesel generators in Saudi Arabia. The demand for diesel generators is growing as a result of rising demand for power in the country, which is increasing at 15-20% annually.
The Saudi Arabian diesel generators market has witnessed a significant growth due to increase in construction and industrial activities as well as retail business across the country. The telecom and IT industries in Saudi Arabia are emerging as the fastest growing sectors within the GCC market. Increasing number of telecom subscribers are resulting in higher installation of base station antennas across the country, which require continuous power supply and the same can be effectively addressed by diesel generators. In addition, inadequate availability of transmission and distribution lines in remote areas of the country is boosting the usage of diesel generators.
According to a recently published report by TechSci Research "Saudi Arabia Diesel Generators Market Forecast & Opportunities, 2018", the Saudi Arabian market of diesel generators is expected to reach USD619 million by 2018. Saudi Arabia's diesel generators market is highly fragmented, with unorganized/ small players dominating the marketplace. However, the market share of major players is expected to increase by 2018 as a result of rising preference for quality products as well as growing adoption of diesel generators for backup power requirements.
"Healthy growth in construction business and infrastructure development through 2015,is expected to positively influence the diesel generators market in Saudi Arabia. High demand from eastern and central regions of Saudi Arabia due to the presence of large and mid-scale industries in the regions, along with growing retail business are anticipated to drive the market for diesel generators in the country. In addition, use of diesel generators in construction activities like drilling, stone crushing, lifting heavy equipment and running heavy cranes is anticipated to spur the medium diesel generators market in Saudi Arabia over the next five years," said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Saudi Arabia Diesel Generators Market Forecast & Opportunities, 2018" has analyzed the potential of the diesel generator market in Saudi Arabia and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
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SOURCE Techsci Research