GCC Generator Market

GCC Generator Market Overview

A generator is an electrical device that provides electricity at the time of power outage or discontinuity to prevent disruption in routine activities and business processes. Generators are available in different physical and electrical configurations for use in various applications. An electric generator converts mechanical energy provided as input from external source into electrical energy as output. The modern generators work on the principle of electromagnetic induction that creates electricity from the movement of electric charges. This movement creates voltage difference between two ends of the wire, thus creating an electric current.

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Major GCC Generator Market Drivers

The growing demand for reliable and uninterrupted power supply is significantly driving the growth of the generator market in the GCC region. The low quality of transmission & distribution networks is increasing the adoption of generators by citizens in the GCC region. The growing sectors, such as construction, IT & telecom, among others, in GCC countries, are undergoing massive developments in expanding their infrastructure. The construction of new commercial and residential buildings has increased the demand for electrical generators for smooth business operations and continuous power supply. These factors are propelling the growth of the generator market in the GCC region.

The rising installation of telecom towers, which requires continuous electricity, driven by the increasing number of telecom subscribers in the GCC countries, has bolstered the growth of the generator market in the GCC region. UAE has experienced high economic growth and is continuing to invest in developing world-class infrastructure. One of the largest projects, Al Maktoum International Airport, is going on in Dubai, which would require a massive amount of energy. These expansions are expected to significantly boost the growth of the generator market in the GCC region.

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Based on the type, the market is segmented into diesel, gas, propane, and dual fuel. The dual fuel segment is projected to grow at a higher CAGR during the forecast period. The decline in the oil & gas prices has created an opportunity for dual fuel generator manufacturers. The companies are highly investing in their research & development activities to cater to the rising demand for reliable and uninterrupted electricity in residential and commercial buildings. These factors are likely to propel the growth of the dual fuel segment in the GCC generator market.

Based on the voltage rating, the market is segmented into below 100 kVA, 100 kVA – 350 kVA, 351 kVA – 1000 kVA, and above 1000 kVA. The 100 kVA – 350 kVA segment is expected to grow at a higher CAGR over the forecast period. This is mainly due to the wide use of these generators in the residential and commercial sectors. These generators are used in homes as power back-up solutions to power devices, which include water purifiers, water pumps, geysers, AC units, and others. These factors are responsible for the growth of the 100 kVA segment in the GCC generator market.

Based on end-user industry, the market is segmented into residential, commercial, and industrial. The commercial segment is anticipated to grow at a faster CAGR over the forecast period. This is attributed to the increasing use of generators in various industries, which includes government centers, healthcare, data centers, educational institutions, agriculture, telecom, and hospitality. There are several power interruptions in commercial buildings, such as electric outages and voltage fluctuations which if not tackled, can create financial losses. The growing adoption of generators to back-up these interruptions plays a crucial role in surging the growth of the commercial segment in the generator market.

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Regional – Segment Analysis

Based on the countries, the GCC generator market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the rest of GCC. Saudi Arabia is expected to grow at a higher CAGR over the forecast period owing to the growing infrastructure development and rapid industrialization in this region. The government of Saudi Arabia is taking several initiatives for the overall development and to provide an uninterrupted power supply, which is driving the growth of the generator market. Saudi Arabia is the major producer of oil and is continuing to expand its infrastructure. These expansions include the development of petrochemical projects and the construction of new refineries. There is wide use of electrical generators in construction as well as for operations in such plants. These developments are likely to increase the growth of the generator market in Saudi Arabia.

Key Developments: 

• • In 2020, Generac Power Systems, Inc. launched new powerful home standby generators, which is an addition to its Guardian series. It offers a robust 24 KW of peak power with low purchase and installation costs.
  • In 2019, Briggs & Stratton announced the launch of its new 12 kW, 17 kW, and 20 kW standby generators, which features more efficient operations with an improved controller. It offers tighter frequency control, smart authentic voltage regulator, and new exercise cycle for decreased engine impact, quieter operation, and reduced fuel consumption.

Segments covered in the Report:

The GCC generator market has been segmented on the basis of type, voltage rating, end-user industry, application, and countries. Based on type, the market is segmented into diesel, gas, propane, and dual fuel. Based on voltage rating, the market is segmented into below 100 kVA, 100 kVA – 350 kVA, 351 kVA – 1000 kVA, and above 1000 kVA. Based on end-user industry, the market is segmented into residential, commercial, and industrial. Based on application, the market is segmented into backup power, continuous power, and peak shaving power. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the rest of GCC. 

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Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Voltage Rating, By End-User Industry, By Application, By Countries
Regional Coverage	GCC
Companies Profiled	Profiles of Top 10 Major Companies Operating in “GCC Generator Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

GCC Generator Market by Type

• • Diesel
  • Gas
  • Propane
  • Dual Fuel

GCC Generator Market by Voltage Rating

• • Below 100 kVA
  • 100kVA – 350 kVA
  • 351 kVA – 1000 kVA
  • Above 1000 kVA

GCC Generator Market by End-User Industry

• • Residential
  • Commercial
  • Industrial

GCC Generator Market by Application

• • Backup Power
  • Continuous Power
  • Peak Shaving Power

    GCC Generator Market by Countries

• • UAE Generator Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Generator Market All-Up (Option 2: Free 25% Customization)
  • Oman Generator Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Generator Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Generator Market All-Up (Option 5: Free 25% Customization)