Saudi Arabia Genset Rental Market Outlook (2021-2027)

Market Forecast By Types (Diesel, Gas), By kVA Rating (Only Diesel) (Upto 100 kVA, 100.1 to 350 kVA, 350.1 to 750 kVA, 750.1 to 1,000 kVA, Above 1,000 kVA), By Applications (Only Diesel) (Power Utilities, Oil & Gas, Construction, Manufacturing, Quarrying and Mining, Others (Events, Hospitality, Healthcare, Retail & Commercial etc.)) And Competitive Landscape

Product Code: ETC160020 Publication Date: May 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 77 No. of Figures: 16 No. of Tables: 2

Saudi Arabia genset rental market report thoroughly covers market by types, kVA ratings and applications. Saudi Arabia genset rental market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Genset Rental Market Synopsis

Saudi Arabia genset rental market declined in 2020 on the back of Covid-19 pandemic, as there were delay and cancellation for projects in various sectors across the country in order to maintain the social distancing measures adopted to curb the spread of coronavirus. There was also a slump in social gatherings and entertainment events due to the imposed lockdown in the country. This hampered the economic growth in Saudi Arabia, causing substantial disturbance in the supply chain and brought about a fall in electricity consumption in Saudi Arabia. These elements prompted a decrease in demand for genset rentals in Saudi Arabia during the last year. However, the market is expected to exhibit growth in 2021 on account of projects getting resumed and the commencement of new contracts, along with increasing need for power in the commercial and industrial sectors.

Saudi Arabia Genset Rental Market Outlook (2021-2027)According to 6Wresearch, Saudi Arabia Genset Rental Market size is projected to grow at a CAGR of 7.7% in terms of revenues during 2021-2027. Growth of the non-oil sector and plans under Saudi Vision 2030 are the major factors driving the growth of Saudi Arabia genset rental market. The cost of buying a genset and its maintenance is quite high which persuades customers to rent gensets rather than to buy them. The configuration flexibility of the generators is also an additional advantage of renting the gensets.

Saudi Arabia Genset Rental Market Outlook (2021-2027)
Market by kVA Ratings Analysis

On the basis of kVA ratings, 350.1-750 kVA acquired majority of the revenue share of the genset rental market in the country and is expected to capture the largest market share during the forecast period due to its high usability in multiple sectors. Apart from this segment, above 1,000 kVA rating segment will also show high market growth owing to the execution of infrastructural development by the government of Saudi Arabia in various industries as infrastructure projects require a high-power source, leading to more utilization of genset rentals above 1,000 kVA rating.

 Saudi Arabia Genset Rental Market Outlook (2021-2027)

Market by Application Analysis

On the basis of applications, the power utilities sector garnered the major market revenue share during the year 2020 and is expected to lead the genset rental market in Saudi Arabia in coming years owing to the rapidly developing energy and power sector in the region. Additionally, market shares for the construction segment will also increase due to implementation of a large number of projects in this sector. This will occur on account of the goals of the Saudi Arabia government to diversify the economy in order reduce their reliance on the oil sector.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2027.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.

Key Highlights of the Report

  • Saudi Arabia Genset Rental Market Overview
  • Saudi Arabia Genset Rental Market Outlook
  • Saudi Arabia Genset Rental Market Forecast
  • Saudi Arabia Genset Rental Market Share
  • Saudi Arabia Genset Rental Market Growth
  • Historical Data and Forecast of Saudi Arabia Genset Rental Market Revenues for the Period 2017-2027F
  • Historical Data and Forecast of Saudi Arabia Genset Rental Market Revenues, By Types for the Period 2017-2027F
  • Historical Data and Forecast of Saudi Arabia Genset Rental Market Revenues, By kVA Rating for the Period 2017-2027F
  • Historical Data and Forecast of Saudi Arabia Genset Rental Market Revenues, By Applications for the Period 2017-2027F
  • Market Drivers
  • Market Restraints
  • Saudi Arabia Genset Rental Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Player’s Revenue Shares
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Types
    • Diesel
    • Gas
  • By kVA Rating (Only Diesel)
    • Upto 100 kVA
    • 1 to 350 kVA
    • 1 to 750 kVA
    • 1 to 1,000 kVA
    • Above 1,000 kVA

  • By Applications (Only Diesel)
    • Power Utilities
    • Oil & Gas
    • Construction
    • Manufacturing
    • Quarrying and Mining
    • Others (Events, Hospitality, Healthcare, Retail & Commercial etc.)

Frequently Asked Questions About the Market Study:

  • Does the report consider COVID-19 impact?
    The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
  • How much growth is expected in the Saudi Arabia genset rental market over the coming years?
    The Saudi Arabia genset rental market revenue is anticipated to record a CAGR of 7.7% during 2021-27.
  • Which segment has captured key share of the market?
    The segment, 350.1 – 750 kVA rating garnered the majority revenue share in Saudi Arabia genset rental market
  • Which segment is exhibited to gain traction over the forecast period?
    350.1 – 750 kVA rating would record key growth throughout the forecast period 2021-27.
  • Who are key the key players of the market?
    The key players of the market include- Aggreko Public Limited Company, Byrne Equipment Rental LLC, Rental Solutions & Services LLC, Altaaqa Alternative Solutions Company, Energia MTC LTC, etc..
  • Is customization available in the market study?
    Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements
  • We also want to have market reports for other countries/regions.
    6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights of The Report

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3. Saudi Arabia Genset Rental Market Overview

3.1 Saudi Arabia Genset Rental Market Revenues, 2017-2027F

3.3 Saudi Arabia Genset Rental Market - Industry Life Cycle

3.4 Saudi Arabia Genset Rental Market - Porter’s Five Forces

4. Covid-19 Impact Analysis on Saudi Arabia Genset Rental Market

5. Saudi Arabia Genset Rental Market Dynamics

5.1 Impact Analysis

5.2 Market Drivers

5.3 Market Restraints

6. Saudi Arabia Genset Rental Market Trends

7. Saudi Arabia Genset Rental Market Overview, By Type

7.1 Saudi Arabia Genset Rental Market Revenue Share, By Type, 2020 & 2027F

7.2 Saudi Arabia Genset Rental Market Revenues, By Type, 2017 - 2027F

7.2.1 Saudi Arabia Genset Rental Market Revenues, By Diesel, 2017 - 2027F

7.2.2 Saudi Arabia Genset Rental Market Revenues, By Gas, 2017 - 2027F

8. Saudi Arabia Diesel Genset Rental Market Overview, By kVA Rating

8.1 Saudi Arabia Diesel Genset Rental Market Revenue Share, By kVA Rating, 2020 & 2027F

8.2 Saudi Arabia Diesel Genset Rental Market Revenues, By kVA Rating, 2017 - 2027F

8.2.1 Saudi Arabia Diesel Genset Rental Market Revenues, By Upto 100 kVA Rating, 2017 - 2027F

8.2.2 Saudi Arabia Diesel Genset Rental Market Revenues, By 100.1 - 350 kVA Rating, 2017 - 2027F

8.2.3 Saudi Arabia Diesel Genset Rental Market Revenues, By 350.1 - 750 kVA Rating, 2017 - 2027F

8.2.4 Saudi Arabia Diesel Genset Rental Market Revenues, By 750.1 – 1,000 kVA Rating, 2017 - 2027F

8.2.5 Saudi Arabia Diesel Genset Rental Market Revenues, By Above 1,000 kVA Rating, 2017 - 2027F

9. Saudi Arabia Diesel Genset Rental Market Overview, By Applications

9.1 Saudi Arabia Diesel Genset Rental Market Revenue Share, By Applications, 2020 & 2027F

9.2 Saudi Arabia Diesel Genset Rental Market Revenues, By Applications, 2017 - 2027F

9.2.1 Saudi Arabia Diesel Genset Rental Market Revenues, By Power Utilities, 2017 - 2027F

9.2.2 Saudi Arabia Diesel Genset Rental Market Revenues, By Oil & Gas, 2017 - 2027F

9.2.3 Saudi Arabia Diesel Genset Rental Market Revenues, By Manufacturing, 2017 - 2027F

9.2.4 Saudi Arabia Diesel Genset Rental Market Revenues, By Construction, 2017 - 2027F

9.2.5 Saudi Arabia Diesel Genset Rental Market Revenues, By Quarrying & Mining, 2017 - 2027F

9.2.6 Saudi Arabia Diesel Genset Rental Market Revenues, By Others, 2017 - 2027F

10. Saudi Arabia Genset Rental Market Key Performance Indicators

11. Saudi Arabia Genset Rental Market Opportunity Assessment

11.1 Saudi Arabia Genset Rental Market Opportunity Assessment, By Type, 2027F

11.2 Saudi Arabia Diesel Genset Rental Market Opportunity Assessment, By kVA Rating, 2027F

11.3 Saudi Arabia Diesel Genset Rental Market Opportunity Assessment, By Applications, 2027F

12. Saudi Arabia  Genset Rental Market Competitive Landscape

12.1 Saudi Arabia Genset Rental Market Revenue Ranking, By Companies, 2020

12.2  Saudi Arabia Genset Rental Market Competitive Benchmarking

12.2.1 Saudi Arabia Genset Rental Market Competitive Benchmarking, By Operating Parameters

12.2.2 Saudi Arabia Genset Rental Market Competitive Benchmarking, By Technical Parameters

13. Company Profiles

13.1 Aggreko Public Limited Company

13.2 Byrne Equipment Rental LLC

13.3 Rental Solutions & Services LLC

13.4 Altaaqa Alternative Solutions Company

13.5 Energia MTC LTC

13.6 Nour Energy

13.7 Olayan Energy Ltd.

13.8 SES Smart Energy Solutions FZCO

13.9 Saudi Diesel Equipment Company

13.10 Hertz Dayim Equipment Rental Co.

14. Key Strategic Recommendations

15. Disclaimer

List of Figures

1. Saudi Arabia Genset Rental Market Revenues, 2017-2027F ($ Million)

2. Saudi Arabia Military Expenditure, 2016-2020 ($ Billion)

3. Saudi Arabia Manufacturing Sector, Value Added,2016-2020 ($ Billion)

4. Saudi Arabia Non-Oil Revenues, 2016-2020 ($ Billion)

5. Saudi Arabia Renewable Energy Consumption,2014-2019 (% of total final energy consumption)

6. Saudi Arabia Genset Rental Market Revenue Share, By Type, 2020 & 2027F

7. Saudi Arabia Diesel Genset Rental Market Revenues, 2017-2027F ($ Million)

8. Saudi Arabia Gas Genset Rental Market Revenues, 2017-2027F ($ Million)

9. Saudi Arabia Diesel Genset Rental Market Revenue Share, By kVA Rating, 2020 & 2027F

10. Saudi Arabia Diesel Genset Rental Market Revenue Share, By Applications, 2020 & 2027F

11. Saudi Arabia expected Residential Supply, H2 2021 (Thousand Units)

12. Saudi Arabia expected Retail Supply, H2 2021 (Thousand sq m GLA)

13. Saudi Arabia Genset Rental Market Opportunity Assessment, By Type, 2027F

14. Saudi Arabia Diesel Genset Rental Market Opportunity Assessment, By kVA Rating, 2027F

15. Saudi Arabia Diesel Genset Rental Market Opportunity Assessment, By Applications, 2027F

16. Saudi Arabia Genset Rental Market Revenue Ranking, By Companies, 2020

List of Tables

1. Saudi Arabia Diesel Genset Rental Market Revenues, By kVA Rating, 2017-2027F ($ Million)

2. Saudi Arabia Diesel Genset Rental Market Revenues, By Applications, 2017-2027F ($ Million)

 

 

 

Market Forecast By Types (Diesel Genset Rental, Gas Genset Rental), By KVA Rating (Diesel Genset (Below 100 KVA, 100.1-350 KVA, 350.1-750 KVA, 750.1-1000 KVA, Above 1000 KVA), Gas Genset (Below 100 KVA, 100.1-375 KVA, 375.1-1000 KVA, Above 1000 KVA)), By Applications (Standby Genset Rental, Prime/ Continuous Genset Rental), By Prime Applications (Peak Load, Base Load), By Verticals (Utilities, Oil & Gas, Construction, Manufacturing, Quarrying & Mining, Commercial, Others (Agriculture, Municipal Work, And Events)) And Competitive Landscape

Product Code: ETC160020 Publication Date: Feb 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 80 No. of Figures: 12 No. of Tables: 4

Saudi Arabia Genset Rental Market report comprehensively covers the market by Types, KVA ratings, Applications, Prime Applications, and Verticals. The Saudi Arabia Genset Rental market outlook report provides an unbiased and detailed analysis of the Saudi Arabia Genset Rental market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Genset Rental Market Synopsis

The Genset rental market revenues in Saudi Arabia witnessed moderate growth in the past years as a result of an increase in construction activity under the Saudi Vision 2030. Also, the country hosted various events during 2018-2019, including boxing championships, golf cup, and music concerts, that thrive upon a reliable power supply, and Genset rental solutions act as a cost-effective power solution for such applications, by eliminating the need for initial buying cost of generators. However, Covid-19 pandemic had slowed down the market in terms of supply of the product during 2020. While on the other hand, the demand-side also fell victim to the slowdown due to the market being closed during the lockdown period. Currently, the market has recovered gradually and is likely to witness growth over the coming years.

Saudi Arabia Genset Rental Market Outlook (2020-2026)

According to 6Wresearch, Saudi Arabia Genset Rental Market size is expected to grow at a CAGR of 11.0% during 2020-2026. On account of the reforms undertaken by the government to eliminate the economic impact of the pandemic covid-19, resumption of economic activity, and restart of halted projects, the market is anticipated to recover in 2021 and witness a robust growth thereafter. Thus, the genset rental market revenues are anticipated to flourish during the forecast period as a result of significant growth in the manufacturing and construction sector across the country.

Market Analysis By Types

In the present scenario, the penetration of gas gensets in Saudi Arabia is quite low as compared to diesel gensets on account of several factors such as low operational efficiency and high infrastructural requirement for the operation of gas gensets. Thus, diesel gensets accounted for a major share in genset rental market revenues in 2019 and are expected to maintain their dominance over the coming years as well on account of easy and cheap diesel availability in the country. 

Saudi Arabia Genset Rental Market Outlook (2020-2026)

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Saudi Arabia Genset Rental Market Overview
  • Saudi Arabia Genset Rental Market Outlook
  • Saudi Arabia Genset Rental Market Forecast
  • Historical data & Forecast of Saudi Arabia Genset Rental Market Revenues for the Period 2016-2026F
  • Historical data & Forecast of Saudi Arabia Genset Rental Market Revenues, By Types, for the Period 2016-2026F
  • Historical data & Forecast of Saudi Arabia Genset Rental Market Revenues, By kVA Rating, for the Period 2016-2026F
  • Historical data & Forecast of Saudi Arabia Genset Rental Market Revenues, By Applications, for the Period 2016-2026F
  • Historical data & Forecast of Saudi Arabia Genset Rental Market Revenues, By Prime Applications, for the Period 2016-2026F
  • Historical data & Forecast of Saudi Arabia Genset Rental Market Revenues, By Verticals, for the Period 2016-2026F
  • Saudi Arabia Genset Rental Market Drivers and Restraints
  • Saudi Arabia Genset Rental Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Saudi Arabia Genset Rental Market Opportunity Assessment
  • Saudi Arabia Genset Rental Market Player’s Revenue Shares
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

  • Diesel Genset Rental
  • Gas Genset Rental

By kVA Rating

  • Diesel Genset
    • Below 100 kVA
    • 1-350 kVA
    • 1-750 kVA
    • 1-1000 kVA
    • Above 1000 kVA
  • Gas Genset
    • Below 100 kVA
    • 1-375 kVA
    • 1-1000 kVA
    • Above 1000 kVA

By Applications

  • Standby Genset Rental
  • Prime/ Continuous Genset Rental

By Prime Applications

  • Peak Load
  • Base Load

By Verticals

  • Utilities
  • Oil & gas
  • Construction
  • Manufacturing
  • Quarrying & Mining
  • Commercial
  • Others (Agriculture, Municipal Work, and Events)

Pricing
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  • Site License
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  • Global License
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