The most important factors driving the growth of the Kuwaiti diesel generator set market are the expanding oil & gas sector in the country and unreliable grid supply. A staggering 90% of the revenue for the country’s government comes from oil & gas export, which additionally contributes 43% of the national gross domestic product. Kuwait’s oil reserves, which stood at 104 billion barrels in 2019, made up 9% of the global. To keep rigs, terrestrial oilfields, piping operations, and refineries running efficiently, DG sets are installed in large numbers.
On segmenting the market by power rating, the categories are 5 kilovolt-Ampere (kVA)–75 kVA, 75 kVA–375 kVA, 375 kVA–750 kVA, and above 750 kVA. Among these, the largest share in the Kuwaiti diesel generator set market during the forecast period (2020–2030) will be held by the 5 kVA–75 kVA category. This is attributed to the increasing requirement for gensets that deliver power under this rating at telecom towers, retail establishments, offices, commercial complexes, and small industrial facilities.
 |
| To learn more about this report: https://bit.ly/3oln8Je |
Another major driver for the Kuwaiti diesel generator set market is the easy and cost-effective availability of diesel. Being an oil-driven economy, Kuwait has no shortage of refineries. Owing to the large crude oil reserves and well-developed refining infrastructure, diesel is readily available here at cost-effective rates. This allows the masses to adopt diesel generator sets without worrying about the high fuel costs. Key players making efforts to meet the growing demand are Jubaili Bros., YANMAR HOLDINGS CO. LTD., Caterpillar Inc., Cummins Arabia, Atlas Copco AB, and Mitsubishi Power Ltd.
Therefore, with economic growth taking on all fronts in Kuwait, the demand for diesel generator sets will rise massively here.
Read more: https://www.psmarketresearch.com/market-analysis/kuwait-diesel-generator-market
