Research and Markets: Diesel Gensets Market in GCC Countries 2014-2018 with Caterpillar Inc., Cummins Inc., and Kohler Co. Dominating
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h927q6/diesel_gensets) has announced the addition of the "Diesel Gensets Market in GCC Countries 2014-2018" report to their offering.
“Diesel Gensets Market in GCC Countries 2014-2018”
The analysts forecast the Diesel Genset market in the GCC countries to grow at a CAGR of 7.60 percent over the period 2013-2018. One of the key factors contributing to this market growth is the rapid rate of industrialization. The Diesel Genset market in the GCC countries has also been witnessing the increase in mergers and acquisitions. However, the increasing competition could pose a challenge to the growth of this market.
Key vendors dominating this space are Caterpillar Inc., Cummins Inc., and Kohler Co.
Other vendors mentioned in the report are ABB Ltd., Detroit Tools, GE Co., Generac Holdings Inc., Ghaddar Machinery Co., Jubaili Group Holding, Mitsubishi Heavy Industries Ltd., Saudi Diesel Equipment Company Ltd., SDMO Generating Sets Inc., and Siemens AG.
Commenting on the report, an analyst from the team said: The development of next-generation diesel generators is one of the major emerging trends in the Diesel Gensets market in the GCC countries. Vendors are trying to differentiate their products by developing advanced generators that may provide them with a competitive edge in the market. For instance, a few vendors are developing generators with comprehensive control and monitoring systems, which can improve the overall efficiency of generators. In addition, vendors are trying to offer user-friendly generators which end-users need not have any technical knowledge to operate.
According to the report, some of the major drivers in the Diesel Gensets market in the GCC countries are the rapid rate of industrialization coupled with technological advancements, and the availability of skilled labor and natural resources.
Industrialization has led to an increased economic growth with the rapid development of new cities due to increasing immigration. This has led to the growth of many industries which has increased the demand for diesel gensets.
For more information visit http://www.researchandmarkets.com/research/h927q6/diesel_gensets
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