Rermag 4762 Saudiarabiaflagimage1 1
Rermag 4762 Saudiarabiaflagimage1 1
Rermag 4762 Saudiarabiaflagimage1 1
Rermag 4762 Saudiarabiaflagimage1 1
Rermag 4762 Saudiarabiaflagimage1 1

Power Rental in Saudi Arabia to Grow 20.3 Percent per Year, Report Says

Dec. 21, 2014
The power rental market in Saudi Arabia is projected to grow at a compound annual growth rate of 20.3 percent during 2014-20, according to Saudi Arabia Power Rental Market (2014-2020), a report by 6Wresearch.

The power rental market in Saudi Arabia is projected to grow at a compound annual growth rate of 20.3 percent during 2014-20, according to Saudi Arabia Power Rental Market (2014-2020), a report by 6Wresearch. In the growth of overall power rental market, diesel generators rental market has accounted for majority of the market revenues. Easy availability of diesel has poised the growth of diesel generators on rent in the country; however, in the forecast period, a shift in demand is anticipated towards gas-powered generators.

Increasing infrastructure, emerging manufacturing sector, growing construction activities, high demand for electricity and power requirement in remote areas are the prime factors that are spurring the market  for power rental in Saudi Arabia, the report says. With changing government policies many business houses are foreseeing tremendous growth opportunities in the country, which has resulted into establishment of many new industries in the country in the last few years.

In Saudi Arabia, generators are either used for prime or standby purposes, completely depending upon the grid connectivity. The demand-supply gap in off-grid areas, massive infrastructure development and need in utilities segment have boosted the Saudi Arabia’s power rental market.

Government initiatives towards reducing emission of greenhouse gases is expected to boost the demand for gas generators in the country, thus driving the gas generators rental market, although diesel generators rental market would continue to maintain its dominance through the forecast period.

In Saudi Arabia’s power rental market, utilities, oil and gas, and industrial and construction applications generated more than 80 percent of the market revenues in 2013, the report says.

The key players in Saudi Arabia’s power rental market include Aggreko, Enerco, APR Energy, Hertz, Byrne Investments, Peax, Zahid Tractors, Cummins Olayan Energy and RSS.

The “Saudi Arabia Power Rental Market (2014–2020)” report estimates and forecasts overall Saudi Arabia power rental market by revenue and by generator types, such as diesel and gas generators, as well as by KVA ratings. Applications such as utilities, oil and gas, industrial & construction, quarrying and mining and others are covered, as are various regions within the country. The report also offers insights on competitive landscape, market share by companies, market trends, rental trends, company profiles, market drivers and restraints.

6Wresearch also covers power rental markets in Qatar, Indonesia, Bangladesh, Vietnam, India and Kuwait.