6wresearch logo

Five-year growth for Saudi genset rental market

April 03, 2017

The Saudi Arabian diesel genset rental market is expected to grow 3.7% year-by-year until 2022, according to the latest report by 6Wresearch.

It said increasing construction activities, expansion of public infrastructure, government policies to support establishment of new industries and need to supply power in off-grid and remote areas would be the key factors in its growth.

Such growth would only represent a minor recovery, however, as the market has declined by almost 60% during 2015 and 2016, following a slump in the construction industry, as a result of budget deficit due to low crude oil prices.

6Wresearch said the market would remain difficult until oil prices recovered, but said the changing of government policies to generate a major proportion of its revenues from the non-oil sector would drive growth.

Rajat Kharbanda, senior consultant, research and consulting, 6Wresearch, said, "Medium- to high-rating diesel gensets have dominated the rental market in 2016, owing to high demand from utilities and oil and gas sector. Diesel gensets are the prime source of power backup in utilities due to readily availability and ease of storage of diesel unlike natural gas.

"However, the share is expected to decline over the next five years due to expansion of electricity grid and integration of renewable energy."

He said that around 50 companies were active in this market, with five to eight of those operating a turnkey power plant business model, which were also the leading players in the market.

Media Source: KHL

      Browse More Report

India Building Automation and Control Market (2017-23)

Market Forecast by Types (Relay, Sensors & Dimming & Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others)

Read More

Saudi Arabia Electric Motor Market (2017–2023)

Market Forecast By Types (AC Motor & DC Motor), Voltage (Low, Medium & High), End Users (Petrochemical, Chemicals & Fertilizers, Oil and Gas, Water & Utilities, Cement, Metals & Mining and Others), Applications (Pump, Fan, Compressor, Conveyors, Extruders and Others...

Read More

India Video Surveillance Market (2017– 2023)

Market Forecast By Surveillance Type (Analog & IP Surveillance), Software (Video Management Software, Video Analytics and Others), By Components (Cameras (Analog and IP), DVR/NVR, Encoders/Decoders)...

Read More

United Kingdom Diesel Genset Market (2017–2023)

Market Forecast By KVA Rating (5-75 KVA Diesel Genset, 75.1-375 KVA Diesel Genset, 375.1-750 KVA Diesel Genset, 750.1-1000 KVA Diesel Genset and 1000 KVA Diesel Genset), By Applications (Retail & Logistic, Manufacturing & Processing...

Read More

Qatar Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast by Types (Fire Suppression Systems & Equipment, Fire Detection System & Equipment & Other Fire Safety Systems & Equipment)...

Read More

Global E-House Market (2017-2023)

Market Forecast by Voltage Type (Low Voltage and Medium Voltage), Applications (Oil & Gas, Industrial, Infrastructure & Transportation, Power Utilities, Mining and Others, Regions (North America (US, Canada and Mexico), Europe ...

Read More

Africa Diesel Genset Market (2017-2023)

Market Forecast by KVA Ratings (5-75 KVA, 75.1-375 KVA, 375.1-750 KVA, 750.1-1000 KVA and Above 1000 KVA), Verticals (Retail and Logistics, Oil & Gas and Power Utility, Commercial Offices (Hospitality, BFSI, IT & ITES), Manufacturing, Rental, Residential and Others

Read More

India Point of Sale (POS) Terminal Market (2017-2023)

Market Forecast by Types (Portable, Countertop, mPOS, PIN Pad and Multimedia), End Users (Healthcare & Hospitality, Retail & e-Commerce, Government & Transportation and Others), Regions (Norther, Southern, Eastern and Western) and Competitive Landscape

Read More

Australia & New Zealand Elevator & Escalator Market (2017-2023)

Market Forecast by Segments (Elevator (Passenger, Home and Cargo Elevator) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation, Maintenance and Modernization), Verticals (Residential, Commercial and Industrial)

Read More


Our Key Clients
6wreserach client list