MarketsandMarkets
Key players are Aggreko Plc., Altaaqa Global, Bryne Equipment Rental LLC, Cummins Inc.
Dallas (PRWEB) April 22, 2015
The power rental market in the Middle East and African region has a significant growth rate, as it is an economically sustainable option to rent out generators over installing an IPP for the same purpose.
Browse 90 market data tables and 56 figures spread through 184 pages and in-depth TOC on Middle East and Africa Power Rental Market
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The Middle East market remains the largest market for power rental. Widespread construction and developmental activities are driving growth of the power rental market. The permanent power producers’ inability to meet the power demand especially during extremely hot weather conditions, are considered as opportunities for the Middle East and Africa power rental market. Rising imports of low cost Chinese generators and upcoming power generation projects through renewable sources such as solar, wind and biomass energy in the Middle East and Africa can limit the growth of power rental market in the region.
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The market segmentation and market size is forecasted on the basis of the power rental industry of the Middle East and Africa regions. The Middle East and Africa power rental market size is estimated to reach $9,048.25 million by 2019 from $3,942.07 million in 2014. The major factors responsible for driving the growth of this market include the increasing demand of power in the respective regions.
The key countries are covered and forecasted for each region. Further, the market is segmented and the market sizes are forecasted on the basis of major end-user segments such as Utilities, Construction, Oil & Gas, and Others.
The Middle East is the largest market for power rental. The region which showed a decent growth in the last 10 years accounted for approximately 54% of the total market in 2013. The growth rate has been slackened down due to the decrease in the oil prices.
Utilities capture a lion’s share among the entire end-users segment in the Middle East and Africa power rental market. The second major end-user segment is oil & gas due to the oil-rich reserves in the Middle East and Africa. The key driver for the market is the increasing demand of power in the respective regions.
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