Press Release

Rolls Royce Power Systems to Lead MEA Medium Speed Large Generators Market through 2023

Growing population, rising demand for electricity, and increasing commercial and industrial activities to drive Middle East & Africa medium speed large generators market through 2023

According to TechSci Research report, Middle East & Africa Medium Speed Large GeneratorsMarket By Application, By Country, Competition Forecast & Opportunities, 2013-2023, medium speed large generators market in the Middle East & Africa is forecast to grow at a CAGR of over 16% until 2023. Growth in the market can be attributed to increasing demand for electricity owing to rising per capita electricity consumption in the region, in addition to increasing number of infrastructure development projects. Growing demand for modular power plants, rising population and increasing construction activities are also driving demand for medium speed large generators in the region.

Browse 10 market data Tables and 87 Figures spread through 120 Pages and an in-depth TOC on "Middle East & Africa Medium Speed Large Generators Market"

https://www.techsciresearch.com/report/middle-east-africa-medium-speed-large-generators-market/3399.html


In 2017, Rolls Royce Power Systems AG accounted for the largest market share in MEA medium speed large generators market and the company is anticipated to dominate the market through 2023, owing to its extensive distribution network and high product quality. Wartsila Corporation, Hyundai Heavy Industries, Caterpillar Inc. and General Electric are among the other major medium speed large generator manufacturing companies operating in the Middle East & Africa region. Iran is the largest market for medium speed large generators in the region, owing to increasing population and growing industrial and commercial activities in the country. 

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“Growing construction activities, rising investments in industrial and commercial sectors and easy availability of fuel at low prices are expected to positively push the medium speed large generators market in the Middle East & Africa region. Further, megaevents like World Expo 2020 in Dubai, etc., are also anticipated to boost the demand for medium speed large generators in the region over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Middle East & Africa Medium Speed Large Generators Market By Application, By Country, Competition Forecast & Opportunities, 2013-2023 has analyzed the potential of medium speed large generators market in the region, and provides information and statistics on market structure, size, share and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the Middle East & Africa medium speed large generators market.

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