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Middle East Diesel Genset Market (15-2,000 kVA): Year 2008
Frost & Sullivan, Sep 2009, Pages: 65
The Middle East region offers a vast scope for diesel gensets in the range of 15-2000 KVA. The market is currently concentrated in the developed nations like Saudi Arabia and the UAE. However new developments are expected in other developing nations like Lebanon, Iraq and Jordon.The ongoing demand-supply mismatch in the power sector is considered to be the key driver for future growth. Caterpillar, Cummins Inc and F.G Wilson are three major suppliers of Diesel gensets in the region. The market is expected to project growth rates of 10-12 percent in the near future. With rising demand-supply gap and several state reforms for gradually privatization of the power sector, the diesel genset industry in the Middle East holds a promising future
This Frost & Sullivan research service titled Middle East Diesel Genset Market (15-2,000 kVA): Year 2008 provides a snapshot of the current market developments, demand from key end-user segments across various countries in the Middle East region, market drivers and restraints, and future outlook for the region. In this research, Frost & Sullivan's expert analysts thoroughly examine the demand for diesel genset in the range of 15kVA to 2,000kVA for commercial, industrial, and infrastructure end-user segments for countries such as Saudi Arabia, Bahrain, Iraq, Iran, Lebanon, Kuwait, Egypt, the UAE, Jordan, Oman, and Qatar.
Market Overview
Infrastructure Development and Power Demand Spike Fuel Growth in the Middle East Diesel Genset Market
The Middle East diesel genset market has reached the maturity stage, and is expected to continue projecting stable growth rates in the future. Currently, the market is highly concentrated in industrialized countries including Saudi Arabia and the UAE. Going forward, developing nations such as Lebanon, Iraq, and Egypt are emerging as the key focus areas. Power shortage in the Middle East region and the inadequate transmission and distribution networks have resulted in a hike in demand for diesel gensets. Besides, the expected revival of the construction industry will be a prominent driver for diesel generator sales in this region. 'Increasing per capita power consumption, rapid industrialization, and supply shortages in the power sector are the key drivers for the growth of the diesel genset market in the Middle East region,' notes the analyst of this research service. 'Projected high growth in infrastructure, commercial and retail segments are expected to drive the demand for standby and prime power gensets.' Massive investment in infrastructure projects in Middle East has triggered greater uptake of gensets, especially for reconstruction activities in Iraq and infrastructure projects in the UAE and Saudi Arabia.
During the first half of 2008, diesel genset prices witnessed a robust growth rate of about 10 percent, owing to input costs and high demand. However, the economic downturn and financial crisis had negatively impacted the sale of diesel gensets, and many ongoing projects in the construction and oil and gas industries were put on hold, precipitating a fall in the demand for diesel gensets. Along with the slump in demand came the decrease in price increment rate. In 2009, an increment of about 3 percent is expected in the prices of gensets; however, recovery is expected only from mid 2011. Another factor that will accelerate the decline in demand for diesel gensets is the anticipated investment in power generation capacity addition by all the Middle East countries. Alternate energy sources for standby and peak power demand such as uninterrupted power systems (UPS) and solar panels are gaining strong traction, posing a challenge for diesel gensets.
As far as the competitive landscape goes, the market is dominated by major participants, and their brands are expected to remain popular as they have established a reputation for good quality. Other genset manufacturers are also in the fray, expanding their market share, particularly for gensets up to 375kVA. The degree of competition is expected to intensify in the future as the market is poised to witness a large influx of diesel genset suppliers from India and China. Participants in this space must strive to expedite product advancement to secure a firm foothold in the market. 'Demand for diesel gensets of medium range up to 1,000 kVA need to be better positioned over alternate systems of power sources by making them more efficient and reliable with shorter start up time,' says the analyst. 'Effective pricing and short delivery times are expected to play a very important role in making diesel genset units more attractive compared to other alternate sources.'
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Commercial
- Industrial
- Infrastructure
By Geographic Region:
- Saudi Arabia
- Bahrain
- Iraq
- Iran
- Lebanon
- Kuwait
- Egypt
- The UAE
- Jordan
- Oman
- Qatar
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