Description

The GCC region offers vast scope for the growth of the market for diesel gensets in the 15-2000 KVA range. The ongoing demand-supply mismatch in the power sector is considered to be the key driver for future growth. The market is expected to witness single-digit growth in the near future. With rising demand-supply gap and increase in per capita energy consumption, the diesel genset industry in GCC holds a promising future. Diesel genset market in the region is expected to be fuelled by heavy investments in real estate, infrastructure, and commercial space in the next two to three years. Increase in the use of alternative energy sources, such as solar power and other renewable energy solutions, will affect the market in the coming years.