GCC Power Rental Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled GCC Power Rental Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing GCC Power Rental market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
GCC Power Rental Reports Highlights
What is the size of the GCC Power Rental?
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.
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.
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What Components are Encompassed within GCC Power Rental Market segmentation?
The report has divided the market into the following segments:
-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
View Full Report with TOC & List of Figure: – https://www.marknteladvisors.com/research-library/gcc-power-rental-market.html
Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Byrne Equipment Rental
-Hertz Dayim Equipment Rental
-Energy Equipment Rental Co.
-Saudi Diesel Equipment Company (SDEC).
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