Top 10 Most Promising Companies in Saudi Arabia Power Rental Market | Manufacturers & With official Website 2024

Top 10 Most Promising Companies in Saudi Arabia Power Rental Market

Saudi Arabia power rental market has been witnessing noteworthy growth in recent years attributed to the growing demand for temporary and emergency power solutions across various industries. In this highly competitive market, several key players have emerged as major contributors to the overall growth of the industry. These key players are constantly striving to innovate and offer advanced technologies that cater to the diverse needs of their clients. They play a crucial role in meeting the rising demand for reliable and efficient power solutions in both urban and remote areas of Saudi Arabia.

Moreover, these companies are also actively involved in providing customized rental plans and services according to specific project requirements. This flexibility and customer-centric approach have further strengthened their position in the market, making them preferred partners for various industries and sectors. Some of the key players in the Saudi Arabia power rental market are also expanding their portfolios to include sustainable and eco-friendly power solutions, such as solar-powered generators and hybrid systems. As Per 6Wresearch, Saudi Arabia Power Rental market revenues are projected to grow at a CAGR of 2.2% during 2019-2025.

List of Leading Companies in the Saudi Arabia Power Rental Market

1. Aggreko Middle East Ltd. 

Aggreko Middle East, founded in 1995, is headquartered in Dubai, UAE. The company is the subsidiary of Aggreko Plc, which provides various products on rental basis such gensets, transformers and temperature control solutions.  The company provides rental & power solutions across 12 major sectors including Oil & Gas, Petrochemical & Refining, Utilities and Quarrying & Mining.  In power rental market, the company provides diesel and gas gensets on rental basis. The company is also offering green gensets that are powered on bio-diesel. The company provides diesel gensets ranging from 30KW-2000KW and CHP based gas gensets.

2. Byrne Equipment Rental LLC

Byrne Equipment Rental LLC was founded in 1992 and is headquartered in Dubai, UAE. The company has offices across various Middle East countries such as UAE, Qatar, Saudi Arabia, and Oman. The company offers power equipment and heavy equipment for rent.  Byrne power generation products include generators, load banks, power plants, fuel tanks, transformers and accessories. Byrne provides generators from 12 kVA to 1650 kVA range and offers temporary power plants.

3. Rental Solutions & Services LLC

Rental Solutions & Services LLC was founded in 2007 and is headquartered in UAE. The company offers various products/equipment on the rental basis such as chillers, ACUs, heat exchangers, dehumidifiers, generators, and others. Rental Solutions & Services key revenue-generating applications in power rental business include – utilities, military, government, construction, oil & gas, industrial, telecommunications, shipping and others.

4. Altaaqa Global

Altaaqa Global was founded in 2012 and is headquartered in Dubai, UAE. In 2012, Caterpillar Inc. entered into an international power projects (IPP) agreement with Zahid Group, which formed a new subsidiary company, Altaaqa Global. As an IPP partner, Altaaqa Global provides multi-megawatt temporary power solutions around the world, supported by partnerships within the worldwide CAT dealer network. The company serves utility companies, oil & gas, mining sector, construction companies and industrial cities with power projects, generator rental and other services.

5. Energia Al Faris Contracting Company Ltd.

Al Faris Energy Rentals was established in 2007 in UAE and expanded its presence in Saudi Arabia in 2011 as Energia Al Faris. The company provides turnkey power rental solutions for Saudi Arabia market. The company provides diesel and alternative-fueled electrical generator sets from 35 to 1250KVA from Cummins Power Generation, fg willson Generator Technologies and G-Drive. The company rental fleet includes over 750 generators, totaling 300 MW power.

6. Nour Energy Co. Ltd.

Nour Energy was founded in 2001, is headquartered in Dammam, which is part of Astra Group. The company is one of the key players in the Saudi Arabian market, which provides, installs and maintains low and medium-voltage power systems. The company provides diesel generators for sale and rental purposes. The company has a wide product portfolio of diesel gensets ranging from 5kVA-2000kVA. Nour Energy offers Perkins and Cummins diesel gensets on a rental basis. 

7. Cummins Olayan Energy, Ltd.

Cummins Olayan Energy (COE) is a joint venture between Cummins Power Generation and General Contracting Company (GCC), part of The Olayan Group. Cummins Olayan Energy began its operation in Saudi Arabia in 2002, and is headquartered in Jeddah. The company provides wide range of Cummins generators on rent in Saudi Arabia. It also provide turnkey power solution up to 400MW to utility and industrial and commercial customers in the country. Cummins Inc. and The Olayan Group announced the formation of Cummins Arabia, a 50:50, three-country distribution joint venture company in the Middle East. This joint venture consolidates the distribution of Cummins products in UAE, Saudi Arabia and Kuwait.

8. SES SMART Energy Solutions Fzco

SES SMART Energy Solutions FZCO was founded in 2006 in Dubai, United Arab Emirates. Formerly named Sakr Energy Solutions FZCO, the company changed its name to SES SMART Energy Solutions FZCO in 2012. The company provides power generators, medium voltage transformers, fuel management systems, load banks, panels, and cables & accessories. The company’s services include customized solutions to fit customer-specific needs; multiple gensets configurations to accommodate varying load requirements; base load, load sharing, load management, transportation and loading-offloading.

9. Peax Equipment Rental

Peax Equipment Rental was established in 1996 and is headquartered in Al-Khobar, Saudi Arabia. Peax operates as a rental division of Saudi Diesel Equipment Company. Peax provides large gensets, small gensets, light towers, material handing (Fork Lifts), air conditioning units and transformers on rent. The power generation equipment segment accounts for around 70% of revenues of Peax overall business. 

10. Energy Equipment Rental Co. Ltd.

Energy Equipment Rental Co. Ltd. (ENERCO) is a part of Tamimi Group of Companies and is headquartered in Dammam, Saudi Arabia. ENERCO rents and sells diesel generators and develops customized energy solutions to serve temporary, medium-term and long-term energy requirements at low-voltage and medium-voltage levels. ENERCO cater to construction, utilities, telecommunication, hospitals, business. Recently, ENERCO supplied diesel generators on a rental basis to SEC for the commissioning of Najran Power Plant.

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