Press Release Description

Mounting Demand for Uninterrupted Power Supply across Saudi Arabia’s Residential Sector to Boost the Power Rental Market

The Saudi Arabia Power Rental Market is expecting around 12% CAGR during 2022-27, states MarkNtel Advisors in their recent research report. The escalating government focus on infrastructure developments under the strategic plan of Saudi Vision 2030 is displaying rigorous construction, mining, industrial, etc., projects, and, in turn, propelling the demand for uninterrupted power supply for numerous operations. 

Besides, substantial Greenfield investments in Saudi Arabia, reaching 103 in 2018 from 89 in 2017, is another crucial aspect attributing to the growing infrastructural development in the country, which, as a result, is making a positive influence on the demand for power rental services and stimulating the overall market growth. 

Moreover, the swiftly expanding tourism industry & hospitality sector are also anticipated to play a crucial role in propelling the need for power rental services in the country over the forecast years, further states the research report, “Saudi Arabia Power Rental Market Analysis, 2022.”

Diesel Generators Witnessed Significant Demand as a Power Back-up

Diesel Generators dominated the Saudi Arabia Power Rental Market with the largest share in recent years. The increasing energy consumption levels in the country are soaring the demand for diesel generators for an uninterrupted power supply. Besides, the residential energy consumption across Saudi Arabia is extensively escalating, owing to the growing adoption of home appliances, changing living standards, and a constant need for diesel generators as a backup for an uninterrupted power supply. 

It, in turn, is playing a crucial role in boosting the Saudi Arabia Power Rental Market for diesel generators, which, in turn, would generate growth opportunities for the leading players to deliver power rental services across the country in the coming years, reveals MarkNtel Advisors in their research report, "Saudi Arabia Power Rental Market Analysis, 2022."

Competitive Landscape

According to MarkNtel Advisors, the leading players in the Saudi Arabia Power Rental Market are Al-Futtaim Auto Machinery Co., Aggreko, Byrne Equipment Rental, Cummins, Energy Equipment Rental Co., Hertz Dayim Equipment Rental, Peax Equipment Rental, Rental Solutions & Services, Nour Energy Co. Ltd., and Smart Energy Solutions.

Key Questions Answered in the Study

  1. What are the current & future trends in the Saudi Arabia Power Rental Market?
  2. How has the industry been evolving in terms of geography & service adoption?
  3. How has the competition been shaping across Saudi Arabia, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Saudi Arabia Power Rental Market?
  5. What is the customer orientation, purchase behavior, & expectations from power rental service providers across Saudi Arabia?

Market Segmentation:

  1. By Type (Diesel Generator, Gas Generator)
  2. By Capacity (Up to 100 KVA (100.1 KVA-350 KVA, 350.1-750 KVA, 750.1-1000KVA), Above 1000 KVA)
  3. By Application (Power Utilities, Oil & Gas, Construction, Mining)
  4. By Region (North, East, South, Central)
  5. By Competitors (Al-Futtaim Auto Machinery Co., Aggreko, Byrne Equipment Rental, Cummins, Energy Equipment Rental Co., Hertz Dayim Equipment Rental, Peax Equipment Rental, Rental Solutions & Services, Nour Energy Co. Ltd., Smart Energy Solutions)