GCC Power Rental Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the GCC Power Rental market is projected to grow at a CAGR of around 13.67% during the forecast period, i.e., 2023-28. The market growth imputes to the rising demand for temporary power solutions in various industries such as construction, oil & gas, etc. Also, during the summers & the peak season, the non-availability of the national grid puts pressure on the grids in the major countries of the GCC, such as Saudi Arabia & the UAE, among others. Hence, to cater to the rising electricity demand, these energy rental solutions play a major role in the GCC region.
In addition, the GCC Power Rental Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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GCC Power Rental Market Possible Restraint:
Stringent Government Regulations on Carbon Emission to Impede the Market - Stringent government regulations on carbon emissions have a significant impact on the Diesel Generator Power Rental industry. These regulations are planned to reduce the number of greenhouse gases emitted by power generators, including diesel generators, to mitigate the effects of climate change. As a result of these regulations, diesel generator rental companies, are required to invest in new technologies & equipment to reduce carbon emissions. It could inflate the cost of operation & make diesel generators less competitive compared to other power sources, such as solar or wind. Hence, diesel generator rental companies explore alternative power sources, such as renewable energy, or invest in newer, more efficient diesel generators that meet stricter emissions standards, which would hamper the demand for existing diesel generators, further impeding the market growth in the years ahead.
GCC Power Rental Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the GCC Power Rental Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-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
Each sections offer valuable insights into the GCC Power Rental Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the GCC Power Rental Industry
-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
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GCC Power Rental Market Research Report Answers the Following Key Questions
- How big is the GCC Power Rental Market?
- What is the projected growth rate or CAGR of the GCC Power Rental Market during 2023-28?
- What are the key trends or growth opportunities for the key players in the GCC Power Rental Market?
- Which ‘segment’ seems promising for companies operating in the GCC Power Rental Market?
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