Kuwait diesel gensets market is expected to reach USD 79.7 million in 2023

Transparency Market Research Kuwait Diesel Gensets Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2023

Published Date 2014-11-18

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The Kuwait diesel gensets market is expected to reach USD 79.7 million in 2023 Transparency Market Research State Tower, 90, State Street, Suite 700.

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Kuwait Diesel Gensets Market

REPORT DESCRIPTION

Transparency Market Research has released a new market report titled Kuwait Diesel Gensets Market Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2023. According to the report, the Kuwait diesel gensets market stood at USD 49.1 million in 2013 and is expected to reach USD 79.7 million in 2023, growing at a CAGR of 5.0% from 2014 to 2023.

Browse the full Kuwait Diesel Gensets Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2023 report at http://www.transparencymarketresearch.com/kuwait-diesel-gensets-market.html The inadequate power supply scenario in Kuwait is the major factor attracting investment in the Kuwait diesel gensets market. The Kuwait Government has planned several infrastructure development projects in the country. With a large number of infrastructure project tenders to be awarded in the near future, project developers and contractors are likely to account for a significant portion of the demand for diesel gensets.

Diesel gensets are currently finding increasing applications areas in Kuwait. These gensets serve to provide either continuous/prime power or standby/backup power. The preferred size of diesel gensets varies significantly depending upon type of requirement. While smaller variants of diesel gensets are preferred for prime power purposes, higher capacity diesel gensets are generally utilized in large facilities for backup power. Though significant power projects are in various stages of development, the country’s reliance on diesel gensets for power supply is likely to remain high until and even after they are commissioned.

The overall Kuwait diesel gensets market has been broadly segmented on the basis of type as: rental diesel gensets and new diesel gensets. Currently, the rental market for diesel gensets is the major segment in Kuwait in terms of revenue. Operators and contractors of infrastructure projects planned in Kuwait are likely to be the major consumer segments of rental gensets. According to the Kuwait Development Plan, several infrastructure development projects are scheduled to be commissioned during the forecast period. These project operators prefer renting diesel gensets and are therefore the major consumers of rental diesel gensets. The end-user industries, which use diesel gensets as a source of backup power, are the major buyers of new diesel gensets in Kuwait. The government agencies and commercial complexes are the major end-user segments that purchase diesel gensets as a source of standby power. However, the telecommunication industry is an end-user industry which purchases new diesel gensets mostly for prime power purposes.

The Kuwait diesel gensets market has also been segmented on the basis of capacity as: 0–75 kVA, 75–500 kVA, 500–2000 kVA, and above 2000 kVA. For the new diesel gensets market, the 0–75 kVA category was the major market in terms of units installed in 2013. However, in terms of revenue, the 500–2000 kVA is the largest market in 2013. The 0–75 kVA class of diesel gensets is generally used by the telecommunication industry and in large commercial complexes. The residential sector also uses these gensets as a source of backup power while the defense and hydrocarbons sector often uses these as a source of prime power. The 500–2000 kVA and the over 2000 kVA gensets are mostly utilized as a source of standby power in large establishments. Large industrial users such as refinery complexes and airports install these diesel gensets as standby power systems. Many port and refinery expansion projects are planned in the future in Kuwait and will majorly drive the demand for these segments of diesel gensets during the forecast period. kuwait-diesel-gensets-market

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Kuwait Diesel Gensets Market

This research has been designed to estimate, analyze, and forecast the revenue for the Kuwait diesel gensets market. It provides an in-depth analysis and estimation of the market size of diesel gensets in terms of revenue (USD Million) in Kuwait. The new generators market has been analyzed both in terms of volume (Units) as well as revenue (USD Million). Key players in the market include Caterpillar, Inc., Kohler Co., FG Wilson Ltd., MTU Onsite Energy GmbH., Cummins, Inc., and Aggreko Plc. The report provides an overview of these companies, their financial revenues, business strategies, and recent developments. The research analyzes and estimates the current status and opportunities of the market for diesel gensets in Kuwait. It also offers a comprehensive analysis of companies that operate in the diesel gensets industry of Kuwait. The report for Kuwait diesel gensets market has been segmented as follows: Sample Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3777 Kuwait Diesel Gensets Market: Type Analysis Rental Gensets New Gensets Kuwait Diesel Gensets Market: Capacity Analysis 0–75 kVA 75–500 kVA 500–2000 kVA Over 2000 kVA About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact: Ms. Sheela AK State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com

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Kuwait Diesel Gensets Market

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