The Middle East & Africa large generator market is expected to grow from US$ 439.80 million in 2022 to US$ 717.06 million by 2028. It is estimated to grow at a CAGR of 8.5% from 2022 to 2028.
Increasing Requirement for Hybrid, Bi-Fuel, or Dual Fuel Generators in Middle East & Africa Large Generator Market
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. This helps operators keep their generators’ health in check even when they are not around. 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 large generator market during the forecast period.
Middle East & Africa Large Generator Market Overview
Saudi Arabia, the UAE, and South Africa are the major countries dominating the demand for large generators in the region. Middle East countries are significantly contributing to the growth with growing oil & gas industry that emerges the need for uninterrupted power requiring large generators which is helping the market to grow. The Middle East represents 65% of world oil reserves. Saudi Arabia is the region's largest producer and exporter, accounting for ~42% of production, followed by Iran and the UAE. In the MEA, the oil & gas industry witnessed a significant demand for large generators, as in the oil and gas industry, time is crucial. Every minute spent on downtime, whether because of machine failure or power outage, costs money. Hence, large generators are an integral part of the oil and gas industry as they are used to provide power for all activities in the oil and gas fields, including drilling, pumping, and loading. Furthermore, in most cases, oil and gas exploration occurs in remote locations with tough conditions. Without generators, working in these areas would be quite impossible because they are mostly far away from power grids. Modern drilling machines also require powerful, efficient, and reliable generators on site whenever they are operating. Thus, increased demand from the oil and gas industry is propelling the large generator market growth in the Middle East & Africa.
Middle East & Africa Large Generator market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Large Generator Market Segmentation
The Middle East & Africa large generator market is segmented on the basis of fuel type, industry, and country. 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 registered a larger market share in 2022.
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 registered a larger market share in 2022.
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. South Africa dominated the market share in 2022.
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 are the leading companies operating in the Middle East & Africa large generator market.