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Middle East And Africa Generator Sets Market Size (2024 - 2029)

The Middle-East and Africa Generator Sets Market is projected to experience growth driven by the increasing demand for reliable power supply. However, the market's expansion may face challenges due to the availability of cleaner alternatives and advancements in battery technologies. The rising popularity of hybrid generators presents potential opportunities for the market, as they utilize various resources to reduce costs and fuel dependence. Nigeria is anticipated to be the largest market, influenced by its substantial population and economic growth, which are expected to boost electricity demand.

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Market Size of Middle East And Africa Generator Sets Industry

Middle-East And Africa Generator Sets Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 3.27 Billion
Market Size (2029) USD 4.24 Billion
CAGR (2024 - 2029) > 5.30 %
Market Concentration Low

Major Players

Middle-East And Africa Generator Sets Market Major Players

*Disclaimer: Major Players sorted in no particular order

MEA Generator Sets Market Analysis

The Middle-East And Africa Generator Sets Market size is estimated at USD 3.27 billion in 2024, and is expected to reach USD 4.24 billion by 2029, growing at a CAGR of greater than 5.30% during the forecast period (2024-2029).

  • Factors such as increasing demand for uninterrupted and reliable power supply are expected to drive the market.
  • Conversely, the availability of cleaner alternatives and advancement in battery technologies are expected to restrain market growth during the forecast period.
  • Nevertheless, the increasing popularity of hybrid generators and the rising reliability of the hybrid system may be an opportunity for the industry due to its usage of various resources, driving down the cost and reducing dependence on a single fuel.
  • Nigeria is expected to be the largest market due to its large population and increasing economic growth. The demand for electricity is expected to rise with an increase in the size of its population.

MEA Generator Sets Industry Segmentation

A generator set, or genset or generator, combines an engine and an alternator to produce electricity. The engine drives the alternator, which converts mechanical energy into electrical energy.

The Middle-East and African Generator Sets Market report is segmented by fuel type, rating, application, and geography. By fuel type, the market is segmented into natural gas, diesel, and other fuel types. By rating, the market is segmented into 0-75 kVA, 75 – 375 kVA, and above 375 kVA. By application, the market is segmented into prime power, backup power, and peak shaving. The report also covers the market size and forecasts for the generator Sets market across the major countries in the region. For each segment, the market sizing and forecasts have been done based on revenue.

Fuel Type
Natural Gas
Diesel
Other Fuel Types
Ratings
0 - 75 kVA
75 - 375 kVA
Above 375 kVA
Application
Prime Power
Backup Power
Peak Shaving
Geography
Nigeria
Saudi Arabia
South Africa
United Arab Emirates
Qatar
Rest of Middle-East and Africa
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Middle East And Africa Generator Sets Market Size Summary

The Middle-East and Africa generator sets market is poised for significant growth, driven by the increasing demand for reliable and uninterrupted power supply. This demand is particularly pronounced in regions like Sub-Saharan Africa, where countries such as Nigeria heavily rely on backup generators due to frequent load shedding and inadequate grid infrastructure. The market is also influenced by the construction of large-scale projects in the Middle-East, such as those in Saudi Arabia and the UAE, which necessitate backup power solutions to ensure operational continuity during power outages. Despite the challenges posed by cleaner energy alternatives and advancements in battery technologies, the market is expected to benefit from the rising popularity of hybrid generators, which offer cost-effective and resource-diverse solutions.

Nigeria stands out as a key player in the region's generator sets market, driven by its large population, economic growth, and the pervasive need for backup power due to poor grid performance and low transmission capabilities. The country's reliance on generator sets is further exacerbated by factors such as easy access to fossil fuels and the high cost of alternative energy solutions. As a result, Nigeria is expected to dominate the market, with a significant share of electricity needs met through diesel, petrol, and gas-powered generators. The market landscape is characterized by a mix of global and regional players, including Caterpillar Inc., Cummins Ltd, and Honda Siel Power Products Limited, who continue to shape the competitive dynamics in this partially fragmented market.

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Middle East And Africa Generator Sets Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD, till 2029

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Increasing demand for uninterrupted and reliable power supply

        2. 1.5.1.2 Technological Interventions in generator set technologies

      2. 1.5.2 Restraints

        1. 1.5.2.1 Availability of Cleaner Alternatives and Advancement in Battery Technologies

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Fuel Type

      1. 2.1.1 Natural Gas

      2. 2.1.2 Diesel

      3. 2.1.3 Other Fuel Types

    2. 2.2 Ratings

      1. 2.2.1 0 - 75 kVA

      2. 2.2.2 75 - 375 kVA

      3. 2.2.3 Above 375 kVA

    3. 2.3 Application

      1. 2.3.1 Prime Power

      2. 2.3.2 Backup Power

      3. 2.3.3 Peak Shaving

    4. 2.4 Geography

      1. 2.4.1 Nigeria

      2. 2.4.2 Saudi Arabia

      3. 2.4.3 South Africa

      4. 2.4.4 United Arab Emirates

      5. 2.4.5 Qatar

      6. 2.4.6 Rest of Middle-East and Africa

Middle East And Africa Generator Sets Market Size FAQs

The Middle East And Africa Generator Sets Market size is expected to reach USD 3.27 billion in 2024 and grow at a CAGR of greater than 5.30% to reach USD 4.24 billion by 2029.

In 2024, the Middle East And Africa Generator Sets Market size is expected to reach USD 3.27 billion.

MEA Generator Sets Market Report Snapshots

Middle-East and Africa Generator Sets Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)