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Press release content from Business Wire. The AP news staff was not involved in its creation.

Saudi Arabia Diesel Genset Market 2019-2025 by KVA Ratings, Applications, and Competitive Landscape - ResearchAndMarkets.com

October 23, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Oct 23, 2019--

The “Saudi Arabia Diesel Genset Market (2019-2025): By KVA Ratings, by Applications, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.

Saudi Arabia Diesel Genset Market is projected to grow at a CAGR of 3.8% during 2019-25.

Saudi Arabia diesel genset market would witness a healthy growth on account of expanding social infrastructure in commercial sectors, such as healthcare and education, development of ambitious economic cities along with a recovering construction industry over the coming years.

Additionally, government initiatives, including Saudi Vision 2030 and the National Transformation Programme 2020, would strengthen several public and private sectors. Further, rising oil prices would strengthen the country’s fiscal position and additional funds would be allocated for hospitality infrastructure development. As a result, the demand for diesel genset is expected to increase during the forecast period.

The value of active construction projects in Saudi Arabia accounted for more than one-third of the total value of construction projects across the GCC region in late 2018. Significant investment for housing and infrastructure development along with the implementation of the Saudi Vision 2030 initiative by the government is leading to the rejuvenation of the country’s construction industry. A strengthening commercial sector would create new avenues for the application of diesel genset in the coming years.

Diesel genset with above 1000 kVA rating accounts for the majority of the revenue share during the forecast period. Owing to heavy usage in commercial and industrial projects.

The report thoroughly covers the market by kVA rating and applications. The report provides an unbiased and detailed analysis of the on-going Saudi Arabia diesel genset market trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Reports

Markets Covered:

By kVA rating

By Applications

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/mbv1qp

View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005487/en/

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SOURCE: Research and Markets

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PUB: 10/23/2019 09:40 AM/DISC: 10/23/2019 09:40 AM