According to a new report by Expert Market Research titled, “Saudi Arabia Diesel Generator Market Share, Size, Report and Forecast 2024-2032″, the Saudi Arabia diesel generator market size reached a value of USD 363.97 million in 2023. Aided by the country’s expanding infrastructure, growing energy demand, and the diversification of its economy away from oil, the market is projected to further grow at a CAGR of 4.6% between 2024 and 2032 to reach a value of USD 547.65 million by 2032.
A diesel generator is a combination of a diesel engine with an electric generator (often an alternator) to generate electrical energy. This setup is a common power supply mechanism used in locations not connected to a power grid or as a backup power supply in case of grid failure. Diesel generators are widely used across various sectors including hospitals, commercial buildings, industrial plants, and in remote locations where electricity is a necessity but hard to come by.
The Saudi Arabia diesel generator market growth is primarily propelled by the country’s ambitious infrastructure projects, including developments in residential, commercial, and industrial sectors, as part of its Vision 2030 initiative. The need for reliable power supply solutions in construction sites, remote areas, and in the face of grid instability has underscored the importance of diesel generators as a critical backup power source.
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Moreover, the increasing frequency of power outages and the rising demand for continuous and stable power supply in the healthcare, telecommunications, and data centre sectors are significant factors contributing to the Saudi Arabia diesel generator market expansion. Diesel generators’ ability to provide emergency power during outages makes them indispensable in supporting the country’s infrastructure and economic activities. The market is witnessing a growing demand for customised and modular diesel generator solutions. Businesses and industries require power systems that can be tailored to their specific needs, whether for capacity, size, or functionality. Modular systems offer the flexibility to scale up or down based on demand, providing a cost-effective solution for varying power requirements.
The Saudi Arabia diesel generator market is also influenced by technological advancements that have led to the development of more efficient, less noisy, and environmentally friendly diesel generators. The integration of smart technologies and IoT capabilities in diesel generators for better monitoring, control, and predictive maintenance is a trend gaining traction in the market. These advancements are making diesel generators more appealing to a broader range of industries, further stimulating market growth.
As per the Saudi Arabia diesel generator market analysis, the trend towards integrating diesel generators with renewable energy sources, such as solar panels and wind turbines, is gaining momentum. Hybrid power systems offer a reliable and continuous power supply, reducing fuel consumption and minimising the environmental impact of diesel generators. This trend is particularly relevant in remote and off-grid areas, where these systems can provide an efficient and sustainable power solution, aligning with global sustainability goals.
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As per the Saudi Arabia diesel generator market outlook, the incorporation of digital technologies, including the Internet of Things (IoT), artificial intelligence (AI), and machine learning, into diesel generator operations is a significant trend. These technologies enable real-time monitoring, predictive maintenance, and efficient control of generators, enhancing operational efficiency and reducing downtime. Smart generators can automatically adjust their output based on demand, further optimizing fuel consumption and extending the equipment’s lifespan.
The Saudi Arabia diesel generator market share will be supported by continuous improvements in diesel generator technology, making them more efficient, eco-friendly, and suitable for a wider range of applications. Additionally, the expansion of renewable energy projects in Saudi Arabia presents an opportunity for hybrid systems, where diesel generators complement renewable energy sources, ensuring a seamless and reliable power supply.
Market Segmentation
The market can be divided based on power rating, mobility, cooling systems, application, and end use.
Market Breakup by Power Rating
• Low Power Generator (0-75 kVA)
• Medium Power Generator (75-375 kVA)
• High Power Generator (375 kVA and Above)
Market Breakup by Mobility
• Portable
• Stationary
Market Breakup by Cooling Systems
• Air Cooled
• Liquid Cooled
Market Breakup by Application
• Standby Backup Power
• Prime/Continuous Power
• Peak Shaving Power
Market Breakup by End Use
• Industrial
• Residential
• Commercial
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia diesel generator market. Some of the major players explored in the report by Expert Market Research are as follows:
• Caterpillar Inc
• Kohler Co.
• Cummins Inc.
• Doosan Corporation
• Atlas Copco AB
• Generac Power Systems, Inc.
• Saudi Diesel Equipment Co. Ltd.
• Perkins Engines Company Limited
• KUBOTA Corporation
• Honda Motor Co., Ltd.
• Others
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