According to a recent comprehensive by MarkNtel Advisors GCC Power Rental Market research report, the GCC Power Rental Market is set for significant growth, driven by factors such as market size, share, and evolving trends.
This detailed report offers crucial insights into the market, covering key aspects such as market segmentation and definitions. It outlines the main drivers of growth and provides a clear forecast of the industry’s future direction. Additionally, the study provides a thorough overview of the competitive landscape, detailing recent developments and regional distribution across major areas. An expert competitor analysis delivers an in-depth understanding of market dynamics, offering strategic recommendations for businesses and investors.
With its robust analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address potential challenges in the GCC Power Rental Market.
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GCC Power Rental Market (2023-2028): Analysis and Growth
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
Global GCC Power Rental Market 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.
GCC Power Rental Market : Segmentation Analysis
-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
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What role do key competitors play in shaping the market, and how are they adapting to emerging trends and challenges?
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, and others
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Key Questions Answered in the Research Report:
1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2023-2028?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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