MarkNtel Advisors recently published a detailed industry analysis of the GCC Power Rental Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
GCC Power Rental, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The GCC Power Rental Marketsize is valued at around USD 1.1 billion in 2024 is projected to grow at a CAGR of around 13.67% during the forecast period, i.e., 2023-28.
Key Findings in GCC Power Rental Market:
- Historical Analysis: 2018 –2021
- Base Year: 2022
- Forecast Period: 2023-2028
Leading Market Players- ENERGIA, Aggreko, Byrne Equipment Rental, Sudhir Rental, Altaaqa Global, Hertz Dayim Equipment Rental, Energy Equipment Rental Co., Atlas Copco Rental, Saudi Diesel Equipment Company (SDEC), Modern Energy Pvt. Ltd., Rental Solutions & Services, and others
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the GCC Power Rental industry?
Burgeoning Construction Activities Escalate the Need for Temporary Power Supply – Real estate is one of the rapidly growing sectors in the GCC region that is dominant to the overall economic diversification plans of the government of Saudi Arabia & the UAE, etc. The government of Saudi Arabia, the UAE, etc., is facing several challenges, especially in controlling the fiscal deficit, diversifying revenues, and minimizing dependence on oil. Therefore, to mitigate the dependence, the government is investing & encouraging infrastructure development, such as the construction of hotels, theme parks, art galleries, metro lines, and others.
The development of the hospitality sector is aided by expanded tourism demand, as Saudi Arabia welcomes millions of pilgrims each year. According to the World Tourism Organization, over 18 million tourists traveled to Saudi Arabia in 2022, making it the most visited country in the Gulf region. Therefore, to further aggrandize tourism in the country, the government is largely focusing on building hotels & leisure attractions. Thus, the construction of hotels & various real estate projects is presumed to augment the demand for power rental in the GCC during the forecast years.
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What segments define the GCC Power Rental Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type
- Generator- Market Size & Forecast 2018-2028, USD
- Up to 100 KVA – Market Size & Forecast 2018-2028, USD Million
- 100.1 KVA-350 KVA- Market Size & Forecast 2018-2028, USD Million
- 350.1-750 KVA- Market Size & Forecast 2018-2028, USD Million
- 750.1-1000KVA- Market Size & Forecast 2018-2028, USD Million
- Above 1,000 KVA- Market Size & Forecast 2018-2028, USD Million
- Loadbanks- Market Size & Forecast 2018-2028, USD
- Transformers- Market Size & Forecast 2018-2028, USD Million
According to report, The Generator segment held a noticeable share of the GCC Power Rental market in 2022 due to the increased demand for generators for power generation across a large number of industries, including manufacturing, oil & gas, construction, government sector, etc.
By End User
- Power Utilities- Market Size & Forecast 2018-2028, USD Million
- Oil & Gas- Market Size & Forecast 2018-2028, USD Million
- Construction- Market Size & Forecast 2018-2028, USD Million
- Manufacturing- Market Size & Forecast 2018-2028, USD Million
- Metal & Mining- Market Size & Forecast 2018-2028, USD Million
- Others (Events, etc.)- Market Size & Forecast 2018-2028, USD Million
According to report, Oil & Gas sector has a crucial relevance in the GCC economy due to its high share in government revenue.
Explore the Complete GCC Power Rental Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-power-rental-market.html
Geographical Analysis: GCC Power Rental Market
By Country
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Bahrain
- Oman
GCC Power Rental Industry Recent Development:
- 2022: Energia, a Saudi Arabia-based power rental company, invested USD20 million to expand its product offering, funding from finance firm Ruya Partners. Further, their expansion supported by the government investment include sustainable & green energy solutions, in line with the Saudi Vision 2030 on renewable energy.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the GCC Power Rental?
- How is the GCC Power Rental expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
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