KUWAIT CITY: Transparency Market Research has published a new report on the Kuwait diesel gensets market. As per the report, the Kuwait diesel gensets market is expected to expand at a 5.0% CAGR during the period from 2014 to 2023. The report, titled ‘Kuwait Diesel Gensets Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 – 2023,’ states that the Kuwait diesel gensets market is predicted to progress from a value of US$49.1 mn in 2013 to US$79.7 mn by 2023.
The construction industry across Kuwait is developing fast, with a series of new development projects lined up in the coming few years. The added capacity of power generation and the augmented deployment of renewable energy across Kuwait is expected to curb the demand for diesel operated gensets and thus hamper the growth of the Kuwait diesel gensets market in the next five years. However, in recent times, Kuwait has faced several challenges in power supply, resulting in slow progress of construction projects in the country. Thus, the demand for diesel gensets is predicted to rise across Kuwait in the coming few years.
