What’s Driving the Demand in the GCC Power Rental Market?

Executive Summery

This report presents a detailed overview of the GCC Power Rental Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2023-28. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving GCC Power Rental industry landscape.

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GCC Power Rental Market Statistics and Key Highlights

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. 

• GCC Power Rental market shows steady growth
• Market size expanding due to rising industry demand
• Competitive landscape driven by tech and innovation
• Detailed segment-wise and geography wise share analysis
• Forecast reveals strong trends shaping future outlook

Key Player- Emerging GCC Power Rental Companies

• 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
• Others Potential Players

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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 Segmentation

By Type

• Generator- Market Size & Forecast 2018-2028, USD
  • Up to 100 KVA - Market Size & Forecast 2018-2028, USD Million
  • 1 KVA-350 KVA- Market Size & Forecast 2018-2028, USD Million
  • 1-750 KVA- Market Size & Forecast 2018-2028, USD Million
  • 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

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

By Country

• The UAE
• Saudi Arabia
• Qatar
• Kuwait
• Oman
• Bahrain

Of all the countries, Saudi Arabia is projected to attain a significant market share during 2023-28. 

Reasons to Buy This Report

1. Gain comprehensive insights into current market trends and dynamics.
2. Equip your business with data-driven strategies for informed decisions.
3. Identify lucrative market opportunities and strategic growth areas.
4. Analyze competitors to enhance your positioning in the market landscape.
5. Understand geographical trends across diverse markets for better expansion strategies.

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