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GCC genset market to grow 68% by 2018 - report

Tue, 04/02/2013 - 18:36 -- Editor

The sale of gensets in Gulf Co-operation Council (GCC) nations is to grow by 68% on 2011 levels to $950.4m in 2018, according to a report by Frost & Sullivan.

According to the report, Strategic Analysis of GCC Diesel Genset Market (15-2,000 kVA), sales of gensets in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates will be boosted by electricity transmission and distribution bottlenecks, and the ensuing power shortages.

"Since grid electricity supply is either unreliable owing to extreme desert conditions or is prohibitively priced, several companies, particularly those drilling in oil reserves, rely on diesel genset power to maintain operational effectiveness," said Frost & Sullivan's energy and power systems programme manager Anup Barapatre.

The GCC genset market was worth $564.6m in 2011, according to the report.