Saudi Arabia DG Sets Market Will Reach USD 555.4 Million by 2030

The total revenue of the Saudi Arabia DG sets market will reach USD 555.4 million by 2030, powering at a rate of 3.8% in the years to come. The industry has observed considerable growth, because of the surge in industrial and construction activities along with retail business in the nation.

However, Saudi Arabia imports approximately 70% of the total sales of DG sets per year. This is because of the limited local production of medium and large- diesel generators in the nation.

750–999 kVA capacity gensets held the largest share in the recent past. This will grow at a rate of 4.1% in the years to come. 

This has a lot to do with the quickly increasing hospitality sector of the nation, which is boosted by the expansion of midscale and budget hotels, for example 2-star, 3-star, and 4-star hotels and pilgrim accommodation in the city of Makkah. 

Hence, the requirement for gensets in hotels is snowballing at the highest pace for meeting the power backup.

Furthermore, with regards to volume, the 15–75 kVA category had the largest market share, of around 57%, in 2022. 

This is credited to the versatile applications, low costs, and easy upkeep of 15–75 kVA diesel generators. 

Likewise, the increase in the count of mega projects in Saudi Arabia, for example hotels, educational institutions, residential areas, office spaces, and city expansions, has brought about in a massive surge in the requirement for the solutions of power backup.

The sales of the diesel generators in the industrial sector was the largest, with a  share of around 46%, in the Saudi Arabia DG sets market. The requirement for DG sets in this sector of the country is increasing, as these provide a one-stop solution for power solutions in situations for example power outages, grid failure, and emergencies. 

Also, a number of major infra projects, for instance the Neom, the Amaala, and the Red Sea, being developed under the Vision 2030, are also powering the requirement for diesel generators.

Furthermore, regarding volume, the industrial category will grow significantly in the years to come. This is due to the fact that the government of the nation is focusing on expanding its economy away from the oil & gas industry to the expansions of other industries and the increase in the count of construction projects. 

Therefore, this factor enhances the requirement for the demand for diesel generators in the industrial sector for providing uninterrupted power supply.

The increasing power consumption in Saudi Arabia will drive the demand for DG sets in the years to come, in the country.