6wresearch logo
6wresearch discount on market reports

Power Rental Market in Saudi Arabia is Expected to Register Growth In-spite of Declining Oil Prices

November 03, 2015

With plunging oil prices in the international market, impact on economies of many countries can be witnessed globally. However, this has not affected much to Saudi Arabia to restrict its investments in various construction projects. Although, effect on growth in investments can be recorded for the next 2-3 years, but due to country's rich cash reserves, infrastructure development is anticipated especially in areas such as public infrastructure, utilities, healthcare, and education.

According to 6Wresearch, Saudi Arabia power rental market is forecast to grow at a CAGR of 12.6% during 2015-21. Growth in construction industry, emerging manufacturing sector, rising electricity demand and need to provide power to off-grid areas are spurring power rental market in Saudi Arabia. In Saudi Arabia, generators are either used for prime or standby purposes, completely depending upon the grid connectivity.

According to Avishrant Mani, Senior Research Analyst, Research and Consulting, 6Wresearch," In Saudi Arabia, diesel generators have accounted for majority of share in the overall power rental market. Easy availability and inexpensive diesel have poised the growth of diesel generators on rent in the country; however, in the forecast period, penetration of hybrid and gas powered generators is exhibited. Government initiatives towards reducing carbon emissions are expected to boost the demand for these generators in the country."

"Additionally, in Saudi Arabia's power rental market, utilities, oil & gas, construction and industrial applications are the major revenue generating segments and would remain key contributing segments through the forecast period," Avishrant further added.

According to Ravi Bhandari, Research Associate, Research and Consulting, 6Wresearch," Due to low crude oil prices, short to medium term effect could be witnessed on power rental business in the country. This drop in oil prices may delay execution of government projects to maintain county's cash reserves."

"In the forecast period, Saudi Arabia's initiative to shift towards renewable resources to generate electricity can affect sourcing of diesel generators on rent, but growth would still be witnessed in oil & gas, construction sites and areas lacking transmission & distribution network," Ravi further added.

Some of the key companies in Saudi Arabia's power rental market include- Aggreko, Enerco, Hertz, Byrne Investments, Peax, Altaaqa, Cummins Olayan Energy, RSS, SES and others.

"Saudi Arabia Power Rental Market (2015-2021)" provides in-depth analysis with 56 figures and 6 tables covered in more than 110 pages. The report estimates and forecast overall Saudi Arabia power rental market by revenue, by generator types, by KVA rating of diesel and gas gensets and verticals such as utilities, oil & gas, industrial & construction, quarrying and mining and others. The report also gives the insights on competitive landscape, market share by companies, market trends, rental trends, company profiles, market drivers and restraints.

Media Source: Eturbonews

      Browse More Report

Middle East Power & Distribution Transformer Market (2017-2023)

Market Forecast By Type (Power Transformer and Distribution Transformer), By Power Rating (Distribution Transformer (Up to 315 KVA and 315.1 KVA – 5 MVA), Power Transformer (5.1 MVA – 50 MVA and Above 50 MVA)), By Cooling System (Dry Type and Liquid Type)...

Read More

Saudi Arabia Intrusion Detection Market (2017-2023)

Market Forecast By Installations (Indoor and Outdoor), By Technology (Fiber Optics Sensors, Microwave Sensors and Infrared Sensors), By Verticals (Banking & Financial, Government & Transportation, Commercial, Industrial & Manufacturing, Residential, Hospitality & Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Read More

Saudi Arabia UPS Market (2017-2023)

Market Forecast By Rating (Less than 5 KVA, 5.1 KVA - 20 KVA, 20.1 KVA - 50 KVA, 50.1 KVA - 200 KVA and 200.1 KVA & Above), By Applications (Commercials, Residential and Industrial), By Regions (Central, Western, Eastern and Southern) and Competitive Landscape

Read More

Australia Energy Storage Systems Market (2017–2023)

Market Forecast By Technologies (Electrochemical (Lithium Ion, Lead Acid and Flow Battery & Others), Mechanical (Flywheel), Thermal (Molten Salt) and Others), By Applications (Residential, Commercial & Industrial, Power Utilities and Transportation), By Regions...

Read More

Saudi Arabia Fast Food Market (2017-2023)

Market Forecast by Types (Burgers, Hamburgers & Sandwiches, Chicken, Pizza & Pasta, Asian & Latin American Fast Food, Sea Food and Others (Mediterranean, Lebanese, etc.)), Distribution Channel (Take Away Outlets, Dine-in Restaurants, Cafes & Bakeries and Others...

Read More

India Biscuits Market (2017-2023)

Market Forecast By Types (Plain Biscuits, Cookies, Sandwich Biscuits and Center-filled Biscuits), By Category (Premium Biscuits and Non-Premium Biscuits), By Distribution Channels (Grocery & Mom-and-Pop Stores, Hypermarkets & Supermarkets, Convenience Stores...

Read More

India Centrifugal Compressor Market (2017-2023)

Market Forecast By Technology (Centrifugal Gas Compressor and Centrifugal Air Compressor), By Sub-Segment (Single Stage Centrifugal Gas Compressor, Multi Stage Centrifugal Gas Compressor, Single Stage Centrifugal Air Compressor and Multi Stage Centrifugal Air Compressor)...

Read More

Indonesia Switchgear Market (2017-2023)

Market Forecast By Voltage (Low Voltage (< 1kV), Medium Voltage (1 kV – 24 kV) and High Voltage (> 24 kV)), By Insulation (Medium Voltage (AIS, GIS and Others), High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others), Medium Voltage (ISG, OSG and Others)), By Verticals (Residential, Commercial, Industrial...

Read More

India Chocolate Market (2017-2023)

Market Forecast By Product Type (Milk Chocolates, White Chocolates and Dark Chocolates), By Category (Premium Chocolates and Non-Premium Chocolates), By Product Shape (Bar Chocolates and Assorted Chocolates), By Chocolate Type (Molded or Bar Chocolates Anode, Count lines & Straight-lines, Choco-panned & Sugar-panned and Others including Novelties...

Read More


Our Key Clients
6wreserach client list