Market Size of Middle East and Africa Gas Generator Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 6.25 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
MEA Gas Generator Market Analysis
The Middle East and Africa gas generator market is expected to grow at a CAGR of more than 6.25% over the period of 2020-2025. Booming industrial and commercial sectors, growing need to generate power through clean energy sources, inadequate power infrastructure, stringent environmental regulations, and expanding pipeline infrastructure are expected to boost demand for gas generators in the coming years. However, the lack of gas grid connectivity via pipeline, resulting in hindered fuel supply, is expected to act as a challenging factor to overcome for the gas generators market in the region.
- The increasing deployment of gas generators in several end-user industries in the region is expected to drive the market during the forecast period.
- Emissions related to conventional generators harm the environment which has urged governments to revise the generator emission standards and the increasing need for power in industrial operations is expected to create significant opportunities for market participants in the near future.
- Saudi Ariba is expected to dominate the market during the forecast period for gas generators, with the falling cost of natural gas, the usage of natural gas across the commercial and residential sector is expected to increase.
MEA Gas Generator Industry Segmentation
The Middle-East and Africa gas generator market report includes:
Capacity | |
Less than 75 kVA | |
Between 75-375 kVA | |
Above 375 kVA |
End-User | |
Residential | |
Commercial | |
Industrial |
Geography | |
Saudi Arabia | |
The United Arab Emirates | |
South Africa | |
Ghana | |
Rest of Middle-East and Africa |
Middle East and Africa Gas Generator Market Size Summary
The Middle East and Africa gas generator market is poised for significant growth, driven by the expanding industrial and commercial sectors, the increasing need for clean energy sources, and the inadequacies in power infrastructure. The region's focus on reducing carbon emissions and adhering to stringent environmental regulations is propelling the demand for gas generators, particularly those utilizing natural gas due to its cost-effectiveness and efficiency. Despite challenges such as limited gas grid connectivity, the market is expected to benefit from the growing pipeline infrastructure and the shift towards cleaner energy solutions. Saudi Arabia is anticipated to lead the market, supported by its economic growth, infrastructure investments, and the rising demand for power in various sectors.
The market landscape is characterized by moderate fragmentation, with key players like Caterpillar Inc, Atlas Copco AB, MTU Onsite Energy Corporation, Generac Power Systems Inc, and Wartsila Oyj Abp playing significant roles. The deployment of gas generators across various end-user industries is expected to drive market expansion, as governments revise emission standards and the need for reliable power sources increases. In countries like Saudi Arabia and the UAE, where oil production is high, diesel generators remain prevalent, but the transition towards natural gas generators is gaining momentum. The region's commitment to clean energy transition and the reduction of carbon footprints by 2050 further underscore the anticipated growth of the gas generator market in the Middle East and Africa.
Middle East and Africa Gas Generator Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Capacity
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2.1.1 Less than 75 kVA
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2.1.2 Between 75-375 kVA
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2.1.3 Above 375 kVA
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2.2 End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Industrial
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 The United Arab Emirates
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2.3.3 South Africa
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2.3.4 Ghana
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2.3.5 Rest of Middle-East and Africa
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Middle East and Africa Gas Generator Market Size FAQs
What is the current Middle East and Africa Gas Generator Market size?
The Middle East and Africa Gas Generator Market is projected to register a CAGR of greater than 6.25% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Gas Generator Market?
Caterpillar Inc, Atlas Copco AB, MTU Onsite Energy Corporation, Generac Power Systems Inc and Wartsila Oyj Abp are the major companies operating in the Middle East and Africa Gas Generator Market.