How Big is the Oman Diesel Generator Market?
The Oman Diesel Generator market is projected to grow at a CAGR of around 3.37% during the forecast period, i.e., 2023-28, owing to the increasing number of greenfield investments in the country. In an effort to develop its economy, the government of Oman is attracting investments in different sectors. The surging number of investments is resulting in infrastructural development in various sectors such as transportation, mining, etc.
Market Statistics
- Market Growth Rate (CAGR): 3.37% from 2023-2028
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Oman Diesel Generator Market Insight:
Driver-
in Demand for Diesel Generators with Expansion of Ports & Free Zones in Oman
Oman is ideally situated outside the strait of Hormuz, which serves as the gulf countries’ logistics lifeline and has several large seaports, such as the Port of Salalah, the Port of Sultan Qaboos, the Port of Duqm, the Port of Sohar, the Port of Qalhat, and others. The presence of these seaports has led to the growth of special economic zones, such as the Sohar Free Zone, the Special Economic Zone at Duqm, the Al Mazunah Free Zone, the Salalah Free Zone, etc.
These special economic zones near ports include industries like metals & steel, food, light manufacturing & assembly, logistics, and trade, among others. The progression of special economic zones adjacent to the seaports has driven the diesel generator market in the historic years as the industries in the special economic zones required generators for both backup & power generations. Furthermore, the government of Oman is now focusing on expanding these ports to reduce oil dependency. For instance:
- In March 2022, the government of Oman issued a royal decree to expand free zones in the country. This step from the Omani government would increase foreign investment & lead to the proliferation of business in Oman. Salalah & Sohar have already attracted significant foreign investment in methanol, aluminum, solar power, petrochemicals, fertilizer, iron, and steel.
Hence, the expansion of ports & economic zones, resulting in the development of a large number of industries, is expected to boost the market in the upcoming years.
Oman Diesel Generator Market Segmentation:
The report has segmented the market into the following categories:
By KVA Rating
- Up to 75KVA
- 75.1 KVA to 375 KVA
- 375.1 to 750 KVA
- 750.1 KVA to 1000 KVA
- Above 1000 KVA
By Type
- Stand By
- Prime & Continuous Power
- Peak Shaving
By End Users
- Residential
- Commercial (Hospitality, Retail, Educational Institutions, etc.)
- Healthcare
- Government & Transport (Airports, Metro Stations, Govt. Buildings, Religious Centres, etc.)
- Oil & Gas
- Industrial (Manufacturing Facilities, Assembly Units, etc.)
- Equipment Rental Companies..
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Competitive Landscape:
- Caterpillar Inc.
- Cummins Middle East FZE
- Kirloskar Middle East FZE
- FG Wilson (Engineering) FZE
- Atlas Copco Middle East FZE
- MHI Engine System Middle East FZE
- Yanmar Holdings Co. Ltd.
- Weichai Heavy Machinery Co. Ltd.
- Rolls-Royce Solutions Middle East FZE
- SDMO Industries.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2023-2028)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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