Saudi Diesel Gensets Market Growth Set to Decline
Growing infrastructure sector,
coupled with rising development projects in residential, commercial and
manufacturing sectors to drive demand for diesel gensets in Saudi Arabia in the
coming years
According to a recently published TechSci Research
report “Saudi
Arabia Diesel Gensets Market By Rating, By End User
Competition Forecast & Opportunities, 2021”, the market for diesel gensets in Saudi Arabiais projected
to witness decline in growth during next five years. Though owing to poor grid
infrastructure in the country, coupled with rising need for consistent and
reliable source of electricity the demand for diesel gensets will growth but
marginally. Diesel gensets are deployed in building modern infrastructure to
provide prime, back-up and peak powerfor the entire setup. Moreover,as per
Ministry of Water and Electricity, Saudi Arabia’s peak electricity is projected
to reach 90,000MW by 2022, coupled with growing crude oil production to drive
demand for diesel gensets in the coming years. Crude oil production in Saudi
Arabia is forecast to exhibit a CAGR of 1.29% during 2011-2020, and is
projected to reach 12.5 million barrels per day by 2020. Thus, rising crude oil
production, coupled with increasing infrastructure activities to drive the
market of diesel gensets in the country through 2021.
Browse 10 market data Tables and 47 Figures
spread through 155 Pages and an in-depth TOC on "Saudi Arabia Diesel Gensets Market"
https://www.techsciresearch.com/report/saudi-arabia-diesel-gensets-market-by-rating-low-voltage-medium-voltage-high-voltage-very-high-voltage-by-end-user-residential-telecom-manufacturing-commercial-others-competition-forecast-opportunities/815.html
Saudi Arabia diesel gensets
market was dominated by northern and central region, as both the region
cumulatively accounted for highest volume shares in 2015, and the regions are
anticipated to continue to dominate the market through 2021, owing to favourable
government support that are fueling infrastructural development activities in this
region, particularly in cities like Riyadh and Jeddah. Moreover, residential
and commercial sectors were leading the end users in the diesel gensets market
in Saudi Arabia in 2015, and are further anticipated to lead the market in
during the forecast period as well, owing to rapidly expanding population base,
increasing purchasing power parity, coupled with rising construction activities
in commercial sector and growing tourism industry in the country.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=815
Customers can also request for 10% free customization on this report.
“Growing demand from construction and industrial sectors located in remote areas like, petrochemical plants, refineries,
oil & gas exploration sites, border posts and educational institutes are
driving demand for diesel gensets in Saudi Arabia. Moreover, global crude oil
prices are expected to recover by end of 2017, which are further anticipated to
fuel oil & gas production. Thereby, driving growth in Saudi Arabia diesel
gensets market during the forecast period.”Said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Saudi Arabia Diesel Gensets
Market By Rating, By End User Competition Forecast & Opportunities, 2021” has evaluated the diesel gensets market across Saudi
Arabia, and provides statistics and information on market structure, industry behaviour
and trends driving the market. The report is intended to provide cutting-edge
market intelligence and help decision makers to take sound investment
evaluation. Besides, the report also identifies and analyses emerging trends
along with essential drivers, challenges and opportunities in Saudi Arabia diesel
gensets market.
About TechSci Research
TechSci Research is a leading global market
research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market
research studies, TechSci Research is serving clients across 11 different
industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]