The U.A.E. diesel generator set market is witnessing growth and is projected to reach USD 204.5 million by 2030. The significant development is credited to the growing need for main and backup energy sources, mainly in retail stores, residential buildings, hotels, office spaces, and hospitals.
Additionally, the industry development is propelled by the high-volume need for medium- and high-energy diesel gensets from the commercial industry and the development in the mining, construction, oil & gas, energy & power, and manufacturing industries.
In recent years, the 376–750 kVA category had the leading revenue share in the industry, of over 40%. This can be credited to the increasing installation of such diesel gensets in commercial buildings, such as healthcare facilities, shops, manufacturing facilities, hospitality units, and several other services as a backup power source. Diesel generators are favored in the region due to their affordability and widespread availability, making them the preferred choice to address power interruptions caused by outages.
With the fast-growing demand for high-performance diesel generator sets, particularly among the major construction firms, oil and gas companies, and the enterprises that seek the latest models being in the lead, the UAE has witnessed an increase in such markets.
And to cater to this expanding market, many companies are therefore innovating to present top-notch products and are also allocating and investing funds for developing or for setting up their supply chains. On top of it, some companies decided to form partnerships to receive more customers and clients in the U.A.E.
The U.A.E. is experiencing a growing utilization of data centers by hyperscale cloud providers and other businesses looking to capitalize on domestic and worldwide data usage. Local authorities have also contributed to growing the demand for the nation's cloud services.
Besides these, a remarkable growth of technology including the Internet of Things (IoT), edge computing and 5G networking is giving birth in the U.A.E. to another requirement of massive data storage.
Additionally, the process of big data application extends to different segments of the economy including e-commerce, online payment systems, and Internet banking, among others, which brightens the market for data centers in the near future.
In recent years, on the basis of application, the industrial category had the largest revenue share, of more than 40%, and the industry is also estimated to show substantial development during the forecast period. Industrial development growth becomes the key drive for the sale of diesel generator sets.
Going along, the growing number of large-scale industrial construction projects in the country would lead to a higher number of industrial-purpose diesel generator sets in the same period.
