Saudi diesel generators market to hit $700m

 | August 06, 2015

undefinedIn 2014, eastern, northern and central parts of the country accounted for around three-fourths of the overall demand for diesel gensets. 

Residential sector, which accounted for a majority volume share in the country's diesel gensets market in 2014, has been growing consistently in Riyadh and Jeddah and both of these regions are expected to fuel growth in diesel gensets market in the coming years as well.

Saudi Arabia's economy is predominantly dependent on the country's vast crude oil reserves. Consequently, a large number of government initiatives are being directed towards development of non-oil sectors, and thereby, reduce the country's dependence on oil exports. 

Growing demand for electricity from these end user sectors has been boosting demand for diesel generators in Saudi Arabia. 

Diesel gensets offer a reliable and high-quality electricity supply and are being widely used for emergency power backup as well as stand-alone power generation systems in the country.

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