Market Size of Middle East Portable Generator Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Middle East Portable Generator Market Analysis
The portable generator market in the Middle East is projected to register a CAGR of less than 2.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. It has now reached pre-pandemic levels.
- Over the short term, increased demand for uninterrupted and reliable power supply is expected to drive the market.
- On the other hand, fluctuating fuel prices are expected to hamper the growth of the market during the forecast period.
- Nevertheless, an increase in the adoption of hybrid technology, such as solar-based portable inverters, will likely create lucrative growth opportunities during the forecast period.
- Iraq is expected to dominate the market due to increasing electricity demand in the country. Rising power outages are expected to propel the need for portable generators during the forecast period.
Middle East Portable Generator Industry Segmentation
A portable generator provides electricity by running an engine that turns an onboard alternator to generate electrical power. A portable generator uses a gas or diesel-powered device which provides temporary electrical power.
The portable generator market in the Middle East is segmented by fuel type, end user, and geography. By fuel type, the market is segmented into gas, diesel, and other fuel types. By end user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts across the major countries in the region. For each segment, the market sizing and forecasts are done based on revenue (in USD million).
By Fuel Type | |
Gas | |
Diesel | |
Other Fuel Types |
By Application | |
Residential | |
Commercial | |
Industrial |
By Geography | |
Saudi Arabia | |
United Arab Emirates | |
Iran | |
Rest of Middle East and Africa |
Middle East Portable Generator Market Size Summary
The Middle East portable generator market is experiencing a gradual recovery, having rebounded to pre-pandemic levels after the setbacks caused by COVID-19. The market is driven by the increasing demand for a reliable and uninterrupted power supply, which is crucial for both residential and commercial sectors. However, the market faces challenges due to fluctuating fuel prices, which could impede growth. Despite these challenges, the adoption of hybrid technologies, such as solar-based portable inverters, presents promising growth opportunities. Iraq is anticipated to lead the market, driven by rising electricity demand and frequent power outages, which necessitate the use of portable generators.
In the region, diesel generators are particularly favored due to their cost-effectiveness, fuel availability, and ability to provide a steady power supply. These generators serve as a primary power source in off-grid locations and as a reliable backup for residential and commercial users, ensuring smooth business operations and minimizing downtime. Iran, with its significant power consumption and frequent outages due to infrastructure issues, is expected to see high demand for portable generators. The market is moderately fragmented, with key players like Atlas Copco AB, Honda, Yamaha Motor Co. Ltd, Generac Holdings Inc., and Ultra Power Generators actively participating in the region.
Middle East Portable Generator Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD million, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Market Drivers
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1.5.2 Market Restraints
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1.6 Supply Chain Analysis
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1.7 Industry Attractiveness - Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Fuel Type
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2.1.1 Gas
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2.1.2 Diesel
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2.1.3 Other Fuel Types
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2.2 By Application
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Industrial
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2.3 By Geography
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2.3.1 Saudi Arabia
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2.3.2 United Arab Emirates
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2.3.3 Iran
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2.3.4 Rest of Middle East and Africa
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Middle East Portable Generator Market Size FAQs
What is the current Middle East Portable Generator Market size?
The Middle East Portable Generator Market is projected to register a CAGR of less than 2.5% during the forecast period (2024-2029)
Who are the key players in Middle East Portable Generator Market?
Atlas Copco AB, Doosan Portable Power, Yamaha Motor Co. Ltd, Generac Holdings Inc. and Ultra Power Generators are the major companies operating in the Middle East Portable Generator Market.