Saudi Arabia has been experiencing substantial industrial growth and development, with numerous infrastructure projects, construction activities, and expansions in industrial sectors. In such environments, a reliable power supply is critical to ensure uninterrupted operations. Diesel generators serve as backup power sources, ensuring industries can continue functioning even during grid outages. Power failure can have significant economic and operational consequences. In Saudi Arabia, where extreme temperatures are common, a reliable power supply becomes even more crucial. Diesel generators are a reliable backup during power interruptions, preventing disruptions to essential services and operations. Critical facilities such as data centers, hospitals, and military installations require continuous and secure power to maintain operations. Diesel generators are deployed as backup power solutions to provide an immediate and reliable source of electricity in case of power failure. Saudi Arabia is a major player in the global oil and gas industry. Therefore, reliable power sources are essential for oil extraction, refining processes, and the overall functioning of the sector. Diesel generators are employed to provide backup power in remote locations and to ensure continuous operations.
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Data Bridge Market Research analyzes that the Saudi Arabia Diesel Generators Market is expected to reach USD 1,679.73 million by 2031 from USD 778.46 million in 2023, growing at a CAGR of 10.2% in the forecast period of 2024 to 2031.
Key Findings of the Study
Growing Demand for Diesel Generators Owing to the Continuous Supply of Power and Electricity in Various Sectors
The expansion of industries in sectors such as manufacturing, construction, and oil and gas underscores the critical need for a reliable and consistent power supply. In these industries, uninterrupted operations are paramount for maintaining productivity, ensuring safety, and meeting production targets. Manufacturing processes often operate round the clock, and any interruption in power supply can lead to downtime and substantial losses. Diesel generators are mobile and can be easily transported to different locations within a construction site, offering flexibility in providing power where it is needed most during different project stages. The growth in population and urbanization results in an increased demand for electricity in residential and commercial areas. Diesel generators can be deployed quickly to address sudden spikes in power demand or regions with inadequate grid infrastructure. Oil and gas operations are often situated in remote or offshore locations with limited grid connectivity. Diesel generators provide a standalone power solution, ensuring that operations can proceed irrespective of the geographical challenges. Oil and gas exploration, extraction, and refining processes involve intricate machinery and systems that require constant power. Diesel generators are a reliable backup to ensure the continuous functioning of critical operations, preventing potential hazards and downtime. The growth of the telecommunications sector, driven by increased connectivity demands, especially in the wake of technological advancements such as 5G, has led to the establishment of more base stations. Diesel generators are crucial in ensuring these communication networks' continuous and reliable operation.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue In USD Million and Volume in Units
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Segments Covered
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Power Rating (101 kVA - 500 kVA, 30 kVA - 100 kVA, Less than 30 kVA, 501 kVA - 1000 kVA, and 1001 kVA - 4000 kVA), Portability (Stationary and Portable), Frequency (60Hz and 50Hz), Application (Standby Power, Prime or Continuous Power, Peak Shaving, and Black Start), End User (Industrial, Commercial, and Residential), Product Offering (New and Rental), Sales Channel (Indirect Sales and Direct Sales)
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Country Covered
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Saudi Arabia
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Market Players Covered
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YANMAR HOLDINGS CO., LTD. (Japan), AJMAJD POWER (Saudi Arabia), Kohler Co. (U.S.), Atlas Copco (Sweden), KUBOTA Corporation (Japan), DEUTZ AG (Germany), MAHINDRA POWEROL (India), J C Bamford Excavators Ltd. (U.K.), Cummins Inc. (U.S.), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), Saudi Diesel Equipment Co.Ltd. (Saudi Arabia), Caterpillar (U.S.), Doosan Corporation (South Korea), Rolls Royce (U.K.), and AB Volvo Penta (Sweden) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis
The Saudi Arabia diesel generators market is segmented into seven notable segments based on power rating, portability, frequency, application, end user, product offering, and sales channel.
- On the basis of power rating, the market is segmented into 101 kVA - 500 kVA, 30 kVA - 100 kVA, less than 30 kVA, 501 kVA - 1000 kVA, and 1001 kVA - 4000 kVA
In 2024, the 101 kVA - 500 kVA segment is expected to dominate the market with an 32.23% market share as it suits diverse applications, from industrial and commercial establishments to construction projects.
- On the basis of portability, the market is segmented into stationary and portable
In 2024, the stationary segment is expected to dominate the market
In 2024, the stationary segment is expected to dominate the market with an 71.52% market share due to their crucial role as backup power sources in critical infrastructure, industries, and commercial establishments.
- On the basis of frequency, the market is segmented into 60Hz and 50Hz. In 2024, the 60Hz segment expected to dominate the market with a 90.11% market share
- On the basis of application, the market is segmented into standby power, prime or continuous power, peak shaving, and black start. In 2024, the standby power segment is expected to dominate the market with a 41.23% market share
- On the basis of end user, the market is segmented into industrial, commercial, and residential. In 2024, the industrial segment is expected to dominate the market with a 46.69% market share
- On the basis of product offering, the market is segmented into new and rental. In 2024, the new segment is expected to dominate the market with a 76.27% market share
- On the basis of sales channel, the market is segmented into indirect sales and direct sales. In 2024, the indirect sales segment is expected to dominate the market with a 64.60% market share
Major Players
Data Bridge Market Research Saudi Arabia diesel generators analyzes YANMAR HOLDINGS CO., LTD. (Japan), AB Volvo Penta (Sweden), Caterpillar (U.S.), Saudi Diesel Equipment Co. Ltd. (Saudi Arabia), and DEUTZ AG (Germany) as the major companies of the Saudi Arabia diesel generators market.
Market Developments
- In February 2023, Volvo Penta has expanded its lineup of power generation engines by introducing the D17, its most robust model. The TWD1744GE industrial genset engine, with a fuel-efficient 17-liter capacity, is designed to meet the immediate and future requirements of industrial customers. In addition to addressing current demands, the D17, along with the entire power generation range. This is expected to evolve to facilitate customers in transitioning to markedly lower emissions by adopting alternative fuels
- In February 2023, the introduction of Volvo Penta's latest D8 Stage II engine, with a power output of 200 kVA, enhances the company's diverse selection of industrial genset engines. This new model offers an impressive up to 8% decrease in fuel consumption per kWh when compared to its predecessor, the D7. The D8 is now offered in four power variations – 200, 253, 303, and 326 kVA at 1,500 rpm (50 Hz) during prime power operation, catering to a range of application configurations. This will help the company to enhance their product portfolio
- In November 2021, Caterpillar announced their nine new Cat GC diesel generator sets, expanding its range of value-engineered power solutions for medium- to large-sized stationary standby applications. These additions comprise three models (1250 to 1500 kVA) for 50 Hz global applications, three models (800 to 1250 kW) for 60 Hz use in North America, and three models (800 to 1250 kW) for 60 Hz applications outside North America. This expansion of Caterpillar diesel generator offerings is expected to enhance the company's competitiveness and market presence
- In January 2021, Atlas Copco announced the extension of the QES range made in Wuxi with 6 new power nodes 60Hz (nonCE) from 35kVA up to 140kVA with different voltages options. It will enhance power efficiency and expand the company’s portfolio
- In October 2019, DEUTZ's Moroccan branch, Magi Deutz, moved its genset manufacturing operations to a new facility in Sapino. This site is now the primary production center for high-performance power generation equipment in the northern African market. The plant has comprehensively restructured manufacturing processes, establishing new benchmarks in quality, productivity, and health and safety standards. This will help the company to enhance their global presence
As per Data Bridge Market Research analysis:
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