UAE Genset Market is Expected to Grow Past USD 250 Million in the near Future


According to a market research report titled “UAE Genset Market Outlook to 2021 – Rising Number of Construction Projects and Commercial Sector to Foster Growth” by Ken Research

The UAE genset market has been witnessing considerable year-on-year growth over the past decade. Several big infrastructure development projects such as Dubai land, expansion of Jebel Ali zone and growing number of small and medium businesses (SMB’s) have continuously raised the demand for genset in UAE over the period 2011-2016. During this year, the market has been largely dominated by four players namely CAT, FG Wilson Himoinsa and MTU. The UAE’s genset market has been projected to observe considerable growth over the coming years as the country’s spending on commercial development has been projected to amplify further.

Closed type gensets are protected against bad weather and theft. In an area like UAE where dust storms are a common scene, closed type of gensets are really very beneficial to protect the gensets from dust and sand.

SME’s in Dubai have witnessed around 18.0% year on year growth in Dubai over the period 2011-2016 with around 22,000 new SME’s being opened in Dubai alone during 2016. Majority of SME’s in the UAE use gensets system with KVA rating below 100. This has been the main reason behind the dominance of below 100 KVA gensets in the UAE.

Government and transportation sector has been the biggest customer of the gensets in the UAE market during 2016. This sector generates demand for both smaller gensets below 300 KVA and also large gensets of above 750 KVA.

Dubai, Abu Dhabi and Sharjah are the key contributing cities in UAE’s gensets rental market. Growing tourism, construction of hotels, airport, stadiums, hospitals and expansion of transportation infrastructure are the main factors behind growth in gensets rental market. Moreover, Dubai is known for its events and festivals which last for days. Such projects generate huge demand for rental gensets in the country.

The market growth will be witnessed majorly on the grounds of growing number of SMB’s in the UAE. Numbers of SMB’s in the UAE have surged from 112.8 thousand in 2010 to 505 thousand in 2016 and the number is expected to grow at a much higher pace during the forecast period.

One of the major demand for gensets comes from construction sector. The Mohammed Bin Rashid Al Makhtoum City (MBR) is expected to be completed by 2018 at a project cost of AED 21.0 billion. This city has been projected to provide huge boost to the UAE gensets market generating demand from both commercial and the residential sectors.

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/energy-and-utilities/power/uae-genset-market-report/87316-103.html

Contact:

Ken Research

Ankur Gupta,

Head Marketing & Communications

query@kenresearch.com

+91-124- 4230204

http://www.kenresearch.com

https://www.kenresearch.com/blog/2017/03/uae-genset-market-expected-grow-past-usd-250-million-near-future/

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