Power Rental Market in the Middle East - Market Research 2015-2019

Market analysis of the power rental market

Rental power is used in conditions where immediate power is required such as for shaving of peak hour demand, or as a base load in remote locations where power network is not available. Technavio’s market research analyst estimates the power rental market in the Middle East to witness a steady growth at a rate of around 19% during the forecast period.

The economic growth in the Middle East and the extreme climate has led to massive power consumption. This demand is putting a heavy load on the utilities as they are unable to supply the required power needed, thus, causing severe outages in regions such as Iran, Iraq, Yemen, and Libya. The increase in residential and commercial infrastructure in Middle East countries is also leading to peak hour supply constraints that are being met by the use of power generation equipment like diesel or gas generators by the utilities.

Segmentation by product type and analysis of the power rental market

• Diesel
• Gas
• Hybrid

The research report forecasts the diesel segment to account for the bulk of the market share by the end of 2019. However, diesel is expected to lose some of its share to the other segments due to the emission policies implemented by the government on stationary and mobile generators.

Segmentation by end-users and analysis of the power rental market in the Middle East

• Utility
• Oil and gas
• Construction
• Industrial sector

The utility segment is predicted to lead the power rental market with a share of 28% by the end of 2019. The rising power demand due to the government’s initiative to turn the region into a tourist hub is expected to fuel the market growth. In spite of the installation of massive power plants, the consumption of power is anticipated to outpace the supply.

Competitive landscape and key vendors

The providers in the power rental market in the Middle East offer a series of generators ranging from 20kw to 2000kw. Each vendor has a broad variety of products with their fleet to provide complete turnkey solutions right from planning to installation within a short turnover period.

The leading vendors in the market are –

• Aggreko
• Altaaqa
• APR Energy
• Bryne Equipment
• Cummins

Other vendors in the market include Jubaili, Hertz Equipment, Sakr Power, ENERCO, Peax Equipment, and RSS Saudi.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the power rental market in the Middle East?
• What are the key market trends impacting the growth of the power rental market in the Middle East?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the power rental market?
• What are the key outcomes of the five forces analysis of the power rental market in the Middle East?

Technavio also offers customization on reports based on specific client requirement.

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