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
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East & Africa Medium Speed Large Generators Market"
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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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