GCC Power Rental Market Overview: 2023-2028

Base Year: 2022

Historical Years:    2018-21

Forecast Years: 2023-2028

The GCC Power Rental market size 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.

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GCC Power Rental Market Dynamics: 2023-2028

GCC Power Rental Market Key Driver:

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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GCC Power Rental Market (2023-30): Segmentation Outlook

The market report has segmented the market into the following categories:

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

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

By Country

-The UAE

-Saudi Arabia

-Qatar

-Kuwait

-Oman

-Bahrain.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the GCC Power Rental Market:

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.

Industry Recent Developments 

• 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 2028 on renewable energy..

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