GCC Power Rental Market Analysis 2028 – Unveiling Size, Share, Growth, Trends, and Industry Insights
MarkNtel Advisors recently published a detailed industry analysis of the GCC Power Rental Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the GCC Power Rental Market (2023-2028)
The GCC Power Rental market size is valued at around USD 1.1 billion in 2024 is projected to grow at a CAGR of around 13.67% during the forecast period, i.e., 2023-28.
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What is driving the GCC Power Rental market?
Burgeoning Construction Activities Escalate the Need for Temporary Power Supply – Real estate is one of the rapidly growing sectors in the GCC region that is dominant to the overall economic diversification plans of the government of Saudi Arabia & the UAE, etc. The government of Saudi Arabia, the UAE, etc., is facing several challenges, especially in controlling the fiscal deficit, diversifying revenues, and minimizing dependence on oil. Therefore, to mitigate the dependence, the government is investing & encouraging infrastructure development, such as the construction of hotels, theme parks, art galleries, metro lines, and others.
The development of the hospitality sector is aided by expanded tourism demand, as Saudi Arabia welcomes millions of pilgrims each year. According to the World Tourism Organization, over 18 million tourists traveled to Saudi Arabia in 2022, making it the most visited country in the Gulf region. Therefore, to further aggrandize tourism in the country, the government is largely focusing on building hotels & leisure attractions. Thus, the construction of hotels & various real estate projects is presumed to augment the demand for power rental in the GCC during the forecast years.
What segments define the GCC Power Rental market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type
(Generator [Up to 100 KVA, 100.1 KVA-350 KVA, 350.1-750 KVA, 750.1-1000KVA, Above 1,000 KVA], Loadbanks, Transformers),
By End User
(Power Utilities, Oil & Gas, Construction, Manufacturing, Metal & Mining, Others (Events, etc.)),
By Country
(The UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain)
Explore the Complete GCC Power Rental Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-power-rental-market.html
Who are the leading key players shaping the GCC Power Rental Market landscape?
ENERGIA, Aggreko, Byrne Equipment Rental, Sudhir Rental, Altaaqa Global, Hertz Dayim Equipment Rental, Energy Equipment Rental Co., Atlas Copco Rental, Saudi Diesel Equipment Company (SDEC), Modern Energy Pvt. Ltd., Rental Solutions & Services, and others
Questions Addressed in this Study
1.What factors are driving the GCC Power Rental Market growth?
2.How is the GCC Power Rental Market expected to grow over the next five years?
3.What are the key insights into the current trends in the GCC Power Rental Market?
4.What is the current size of the GCC Power Rental Market, and how is it projected to change in the future?
6.What is the future outlook for the GCC Power Rental Market in terms of technological advancements and market expansion?
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