MarkNtel Advisors has thoughtfully curated the Yemen Diesel Generator Market Research Report, taking into account our client's distinct needs. Our research offers a thorough examination of the present regional and global market conditions. This report on industry analysis extensively encompasses market dynamics, limitations, and their potential consequences on future market requirements, presenting a comprehensive overview of the sector.
What is the projected growth rate of the Yemen Diesel Generator Market during the forecast period?
The Yemen Diesel Generator market is projected to grow at a CAGR of around 9.17% during the forecast period, i.e., 2023-28.
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Possible Restraint: No Presence of Forex to Import Equipment
The key challenge in Yemen is foreign exchange. The country doesn’t have forex for the banks to advance the Letter of Credit (LC) support the transactions. The country has been experiencing a severe economic political crisis for more than a decade, leading to widespread poverty unemployment. Due to this, Yemen could not afford to buy diesel generators directly through proper sales channels. Furthermore, international sanctions imposed on the country have made it difficult for banks other financial institutes to conduct business with other countries. All these factors have led to the shortage of foreign currency, making it extremely challenging for individuals businesses to access the forex.
Moreover, to buy these generators, the suppliers from Yemen personally go to the UAE purchase generators on cash export them in a container to Yemen without declaring that they are importing a genset to save import duty. Thus, the lack of foreign exchange in the country has led to hampering the growth of the market since the historical period and is expected to continue in the upcoming years as well.
Segmentation Analysis of Yemen Diesel Generator Market:
The report has segmented the market into the following categories:
- By KVA Rating
- Up to 100KVA
- 100.1 KVA to 500 KVA
- 500.1KVA to 1000 KVA
- Above 1000 KVA
- By Type
- Stand By
- Prime Continuous Power
- Peak Shaving
- By End Users
- Independent Power Plants (IPP)
- Re-construction
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Competitive Landscape with Key Player:
- Cummins
- Caterpillar
- Denyo
- Noor Generators Technology
- Greaves Cotton Ltd
- PR Middle East FZE
- MHI Engine System Middle East FZE
- Ausonia
- Constant Power Solutions Ltd.
- Staunch Machinery
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