Middle East, GCC and Saudi Arabia Power Rental Market Size By Equipment(Generators, Transformers), By Power Rating(Upto 50 KW, 51 KW – 500 KW), By End-User(Oil & Gas, Construction, Manufacturing), By Geographic Scope And Forecast
Middle East GCC and Saudi Arabia Power Rental Market
Middle East, GCC and Saudi Arabia Power Rental Market Size By Equipment(Generators, Transformers), By Power Rating(Upto 50 KW, 51 KW – 500 KW), By End-User(Oil & Gas, Construction, Manufacturing), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Middle East, GCC and Saudi Arabia Power Rental Market Size By Equipment(Generators, Transformers), By Power Rating(Upto 50 KW, 51 KW – 500 KW), By End-User(Oil & Gas, Construction, Manufacturing), By Geographic Scope And Forecast
Middle East, GCC and Saudi Arabia Power Rental Market Size And Forecast
Middle East, GCC and Saudi Arabia Power Rental Market size was valued at USD 541.29 Million in 2024 and is projected to reach USD 941.93 Million by 2031, growing at a CAGR of 7.17 % during the forecast period 2024-2031.
With the rising consumption of electricity owing to various reasons including urbanization, infrastructural development, growing population and weather conditions are likely to result in growing demand for power backup solutions such as power rentals market. The Middle East, GCC and Saudi Arabia Power Rental Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Power Rental?
So, power rental? Think of it as renting a generator – gasoline, diesel, you name it. It's more than just the equipment though; you're getting a fully functional power setup with flexible options to scale up or down. Power rental gives businesses dependability, adaptability, speed, and real cost savings when dealing with those annoying short power outages. These services are there to help communities, keep the power grid steady, and give businesses the extra juice they need. You'll see it a lot in construction, mining, and even the oil & gas industries. With power shortages expected to become more common, the demand for power rental equipment is likely to increase, driving market growth worldwide. In short, power rental systems are there for countless industries when the lights go out, ensuring businesses can keep running. Plus, with the population growing and emerging economies needing more power every day, that need for reliable backup is only going to increase.
What's inside a industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Middle East, GCC and Saudi Arabia Power Rental Market Overview
The energy sector is super important to the GCC countries. It's not just about powering things; it's a big part of their GDP and helps them grow economically and socially. Think about itthese countries face some tough challenges with their climate and lack of water. The energy sector is crucial for getting water and food to everyone. Since fresh water is scarce but demand is high, GCC countries depend a lot on desalination. That means big investments from the government in desalination plants and getting that water where it needs to go. Plus, everyone's using more electricity these days – more people, cities growing, new buildings, you name it! All that leads to more demand for backup power solutions, like the power rentals market, which keeps homes and businesses running when the lights go out. The GCC is also becoming a hotspot for investment, thanks to a booming tourism industry and lots of multinational companies setting up shop. For example, according to the UNCTAD World Investment Report 2021, the FDI in the UAE went up to $20.7 billion in 2021 – that’s a 4% jump from 2020! But, to protect the environment, Middle Eastern countries are cracking down on pollution from power plants, including noise from diesel generators. Agencies like the TRA in the UAE are putting in place stricter rules for those generators too.
Middle East, GCC and Saudi Arabia Power Rental MarketSegmentation Analysis
The Middle East, GCC and Saudi Arabia Power Rental Market is segmented by Equipment, Power Rating, End-User, and Geography.
Middle East, GCC and Saudi Arabia Power Rental Market By Equipment
Generators
Transformers
Load Banks
Others
To Get Summarized Market Report By Equipment-
In 2021, generators really took the lead, grabbing a whopping 76.16% of the market! That's like USD 1,339.12 Million worth of generators! And get this, they're expected to keep growing at a rate of 7.70% over the next few years. Basically, a generator is a mechanical device that churns out electricity in the form of voltage and current, all thanks to something called electromagnetic induction. Now, for industrial gigs, you'll often see two main types being rented out, especially in the power rental gamediesel generators and gas generators. People rent these guys for both planned events and when things go sideways and they need emergency power. Usually, they're offered as a package deal, and you can find them in all sorts of sizes, from 125 to 2100 KVA. Think of it as portable and scalable power generation at your fingertips!
Middle East, GCC and Saudi Arabia Power Rental Market By Power Rating
Upto 50 KW
51 KW – 500 KW
501 KW – 2500 KW
Above 2500 KW
To Get Summarized Market Report By Power Rating-
In 2021, the 51 kW – 500 kW range was the big winner, grabbing a whopping 40.06% of the market! That's USD 704.43 Million worth of generators. And get this – they're expected to keep growing at a rate of 7.60% each year! Just like Dubai, the region's love for fashion is a huge hit for retailers, drawing shoppers from all over. Places like The Dubai Mall are a major draw, pulling in shoppers from Russia and China who practically arrive in tour buses. Plus, all the new reforms and open-door policies in these countries are attracting foreign investors and giving the construction industry a major boost. It's all adding up to more demand for power rentals, especially in that sweet spot of 51 kW to 500 kW.
Middle East, GCC and Saudi Arabia Power Rental Market By End-User
Utilities
Oil & Gas
Construction
Manufacturing
Metal & Mining
Corporate Retail & Events
Others
In 2021, the construction industry really took the lead, grabbing a whopping 28.72% of the market – that's USD 505.08 Million! And get this, we're expecting it to keep growing at a solid pace of 7.62% over the next few years. What's making the construction scene so interesting in certain regions? Well, governments are investing big in things like rail projects, and there's a lot of cash flowing into real estate in the GCC. Since labour costs are going up and the economy's a bit sluggish in some places, renting power backup solutions is becoming a smart move for builders and subcontractors to keep costs down. Basically, construction equipment rental is looking pretty good for anyone tackling a project, whether it's tearing down a building or starting a new one from scratch.
Middle East, GCC and Saudi Arabia Power Rental Market by Geography
GCC Countries
Saudi Arabia
UAE
Kuwait
Qatar
Rest of GCC Countries
Rest of Middle East
In the global market split, GCC Countries is dominating region-wise while automated is leading according to type. According to projections, the economies of the Gulf Cooperation Council (GCC) would grow by 5.9% overall in 2022, and this recovery is expected to last for the foreseeable future, supported by both the hydrocarbon and non-hydrocarbon sectors. The GCC is made up of six nationsSaudi Arabia, Kuwait, Oman, Qatar, Bahrain, and the United Arab Emirates.
Key Players
The presence of prominent Middle East, GCC and Saudi Arabia Power Rental market players such as Atlas Copco, Aggreko plc, Al Faris Equipment Rental LLC, APR Energy Limited, Cummins Inc, Energy Equipment Rental Co. Ltd. (ENERCO), ENERGIA, Byrne, Generac Power Systems, Jassim Transport & Stevedoring CO. KS.C.P. (OTC), SDMO Industries (Kohler Power Systems EMEA), Saudi Emirati Electric Power Generators, Sunbelt Rentals, Inc., United Rentals, Inc., Wärtsilä, Peax, Zahid Group, Altaaqa Alternative Solutions (Zahid Tractor), and U-Power Generation (FZC).
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
• Aggreko has signed a seven-year contract with Brazilian energy company EVA Energia for a 10 MW renewable power solution using landfill gas.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Atlas Copco, Aggreko plc, Al Faris Equipment Rental LLC, APR Energy Limited, Cummins Inc, Energy Equipment Rental Co. Ltd. (ENERCO), ENERGIA, Byrne, Generac Power Systems, Jassim Transport & Stevedoring CO. KS.C.P. (OTC), SDMO Industries (Kohler Power Systems EMEA), Saudi Emirati Electric Power Generators, Sunbelt Rentals, Inc., United Rentals, Inc., Wärtsilä, Peax, Zahid Group, Altaaqa Alternative Solutions (Zahid Tractor), and U-Power Generation (FZC).
SEGMENTS COVERED
By Equipment, By Power Rating, By End-User, and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
Sample Report for Middle East, GCC and Saudi Arabia Power Rental Market Size By Equipment(Generators, Transformers), By Power Rating(Upto 50 KW, 51 KW – 500 KW), By End-User(Oil & Gas, Construction, Manufacturing), By Geographic Scope And Forecast