Future Outlook And Projections For UAE Gensets Market With Analyst Recommendations: Ken Research
How is the UAE Genset
Market Positioned?
The UAE genset market has been witnessing considerable year
on year growth over the past decade as the number of small and medium
businesses (SMB’s) and other big infrastructure development such as Dubai land,
expansion of Jebel Ali zone have
continuously risen the demand for
gensets. In 2016 total sales of gensets in the UAE market was~ units. The
market is largely dominated by four players namely CAT, FG Wilson Himoinsa and
MTU cumulatively accounting for a revenue share of ~% in terms of sales volume
during 2016. The UAE’s genset market has been projected to observe considerable
growth over the coming years as the country’s
spending on commercial development amplifies. UAE genset market has been
driven by imports over the past five years. Manufacturers import the genset
from other countries in the UAE market and sells directly to the customer as
the demand arises or they sell it through the dealers in the UAE market.
Which Segments have
Been Driving the Change?
Segmentation by Type
of genset
Closed type is the most ~ genset type in the UAE due to its
benefits like soundproof and dust proof. Closed-type gensets are really very
beneficial to protect the gensets from dust and sand. Moreover, closed type
gensets are sound proof and therefore they are useful in places like schools,
hospitals and offices. Although closed types of gensets are ~% expensive as
compared to open type but still ~% of gensets in the UAE is closed type and the
only reason for the same is benefits of the product.
By KVA Rating
Below 100 KVA have gathered the ~ share of ~% in the UAE
genset market as of 2016, by revenue. As of 2016, there are around ~ SMEs in
UAE that account for around ~% private-sector employment Gensets of 100-350 KVA
accounted for a share of ~% in the revenues of the UAE genset market as of
2016. Gensets from this category generate large demand from medium sized
companies in the UAE, due to which they have accounted the second largest share
in the market.
By End Users
Government projects and transportation sector is the biggest
customer of the gensets in the UAE market.
Gensets with power capacity of more than 1 MVA is required to supply
electricity to Projects like metro, Railways, Airports and city festivals.
Commercial building generates the second highest demand for
gensets in the UAE market. Commercial building generates the demand of gensets
of capacity ranging between 500 KVA-1,000KVA. Construction and industrial
sector generates high demand for gensets as for construction projects and oil
and gas extraction plants; gensets are the only source of power supply and
various industries needs gensets for the power backup to run their machinery.
Then there is other end user such as healthcare industry, residential sector, education
sector which demands gensets in the UAE market.
How Has Imports
Driven UAE Genset Market?
Majority of the players are importing complete units of
gensets while a few others are importing the engines and assembling them in
their warehouses. Machinery accounts for the largest share in the total imports
of the UAE as the country is not considered a manufacturing hub for electrical
items such as gensets. This is due to high cost of investment required for
setting up a manufacturing unit in the country.
Which are the Top
Companies in UAE Genset Market?
The UAE Gensets market is led by three players i.e. CAT, FG
Wilson and Himoinsa. These three players accounted for a combined revenue share
of ~% in 2016. CAT’s gensets is significantly popular within the UAE due to
high distribution network and high resale value and therefore it has accounted
for highest share in the market during 2016. CAT is highly dominant in above
100 KVA segment of the market. FG Wilson has good presence in the above 730 KVA
segment.
How Is The UAE Genset
Market Expected To React In Future?
The UAE genset market has been projected to grow from USD ~
million in 2017 to USD ~ million in 2018 reflecting a growth of ~%. The market
growth will be witnessed majorly on the grounds of growing number of SMB’s in
the UAE. Numbers of SMB’s in the UAE have surged from ~ thousand in 2010 to ~
thousand in 2016 and the number is expected to grow at a much higher pace
during the forecast period. One of the major demand for gensets comes from
construction sector, it has been projected that construction sector of the UAE will rise to USD ~ million from ~ million
in 2017 which will further increase the demand for gensets in the UAE market.
The UAE genset market has been projected to grow from USD ~ million in 2019 to
USD ~ million in 2021.
Companies Cited in
the Report
List of
Companies Companies
Covered in the Report
CAT
FG Wilson
Himoinsa Major Players
MTU
Cummins
Atlas Copco
Kirloskar
Key Factors Considered
in the Report
UAE Genset Market Size by Revenue
Value chain analysis
UAE Genset Market Segmentation
by type of genset
by power rating
by end user
by rental and direct sales
Snapshot on rental genset market
Trends and developments in the UAE genset market
Government rules and regulations
Import scenario in the UAE genset market
Porter Five Forces Analysis of the UAE Genset Market
Competitive Landscape in the UAE Genset Market
Future Outlook and Projections of the UAE Genset Market
Analyst recommendation
Macro Economic Variables, 2011-2021
For more information
about the publication, refer to below link:
https://www.kenresearch.com/energy-and-utilities/power/uae-genset-market-report/87316-103.html
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