Kuwait Diesel Gensets Market to Post 5.0% CAGR, Will Reach US$79.7 Million by 2023 Stimulated by Construction Industry: Transparency Market Research
The market for diesel gensets in Kuwait will report a 5.0% CAGR, rising
steadily from its 2013 valuation of US$49.1 million to US$79.7 million
by 2023. While the construction and oil and gas industries in Kuwait
continue to perform at par with expectations, some of this growth is
thwarted by the recurrent power outages. This factor will stimulate the
need for diesel gensets in Kuwait, says a report by Transparency Market
Browse Market Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/kuwait-diesel-gensets-market.html
The power outages frequently reported in Kuwait are a result of a rapid
rise in electricity consumption and a failure of natural gas feedstock
to keep pace with the same. Be that as it may, the ready availability
and affordability of diesel in Kuwait has led several enterprises across
the country to invest in diesel gensets as a power backup source.
However, companies in the Kuwait diesel gensets market will lose revenue
with the increased installation of renewable energy sources and
additional power generation in the country.
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Based on the type of product, the Kuwait diesel gensets market is
segmented into rental and new gensets. The former segment was seen to be
dominant in Kuwait in 2013.
Likewise, on the basis of genset capacity, the market has been segmented
into the following categories: 0 to 75 kVA, 75 to 500 kVA, 500 to 2000
kVA, and more than 2000 kVA. Diesel gensets with a 0-75 kVA capacity led
the new gensets market in terms number of units installed. The highest
revenue, however, was generated by the diesel gensets with a capacity of
500-2000 kVA. These figures were reported in 2013.
Browse Article: http://www.transparencymarketresearch.com/article/kuwait-diesel-gensets-market.htm
Crude Oil Desalter Market: http://www.transparencymarketresearch.com/crude-oil-desalter-market.html
Transparency Market Research (TMR) is a market intelligence company
driven by high-pedigree consultants and researchers. TMR leverages its
Syndicated Research, Custom Research, and Market Consulting expertise to
help businesses make accurate decisions. TMR’s exclusive blend of
quantitative forecasting and trends analysis draws on proprietary data
sources and techniques, while their data repository is continuously
updated to reflect the latest trends.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151008005508/en/
Copyright Business Wire 2015
Source: Business Wire
(October 8, 2015 - 4:07 AM EDT)
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