At 8.5% CAGR, the Middle East & Africa Large Generator Market is projected to be worth US$ 717.06 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa large generator market was valued at US$ 439.80 million in 2022 and is expected to reach US$ 717.06 million by 2028, registering an annual growth rate of 8.5% from 2022 to 2028.  Development of smart solutions for generators and increasing requirement for hybrid, bi-fuel, or dual fuel generators are the critical factors attributed to the Middle East & Africa large generator market expansion.                

Nowadays, even the basic generators consist of a control panel that helps the operator to check the health status of the generator when it is running. Further to advance the control panel, intelligent features are incorporated in it to provide information regarding the output, the remaining fuel, and other features. Some smart generators also help check performance and status using an app on a mobile phone. Also, various big, standalone generators used at hospitals, hotels, industries, and other enterprises come with a remote monitoring solution. These generators provide a complete analysis of how much fuel the generator consumes under quarter, half, or full load. This fuel consumption rate will help customers calculate how much fuel they need for a specific time. Furthermore, some generators provide alerts on the phone when there is a need for any checking. Also, incorporating technologies such as IoT is rising in large generators to make them smarter. Thus, the development of such intelligent solutions for the large generator will further boost its demand in the market. Thus, with the rising adoption of new technologies to make generators’ operation and maintenance more efficient, the production of smart generators will increase, augmenting the growth of the Middle East & Africa large generator market during the forecast period.

On the contrary, growing adoption of renewable energy sources and energy storage technologies hurdles the growth of Middle East & Africa large generator market.    

On the basis of fuel type, the Middle East & Africa large generator market is segmented into diesel, natural gas, hydrogen, and dual. The diesel segment held 65.0% market share in 2022, amassing US$ 285.77 million. It is projected to garner US$ 455.15 million by 2028 to expand at 8.1% CAGR during 2022–2028.  

Based on industry, the Middle East & Africa large generator market is further segmented into oil & gas, IT & telecom, power & utility, and others. The IT & telecom segment held 41.9% market share in 2022, amassing US$ 184.44 million. It is projected to garner US$ 318.96 million by 2028 to expand at 9.6% CAGR during 2022–2028.  

Based on country, the Middle East & Africa large generator market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Our regional analysis states that South Africa captured 32.7% market share in 2022. It was assessed at US$ 143.91 million in 2022 and is likely to hit US$ 230.89 million by 2028, exhibiting a CAGR of 8.2% during the forecast period.    

Key players dominating the Middle East & Africa large generator market are ABB Ltd, Atlas Copco AB, Caterpillar Inc, Cummins Inc, INNIO Jenbacher GmbH & Co OG, Kohler Co, Mitsubishi Heavy Industries Ltd, Siemens AG, and Yanmar Holdings Co Ltd among others. 

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