Selbyville, Delaware Market Study Report LLC recently added a new title on 2020-2025 Saudi Arabia Power Rental Market Size Report from its database. The report provides study with in-depth overview, describing about the Product, market size, share, Industry Scope and elaborates market outlook and status to 2025.
Power rental is a business in which power rental companies provide a set of temporary power plants in remote areas, which have limited access to transmission and distribution lines, These are widely in demand amongst the manufacturing industries, oil & gas and construction industry.
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According to research report titled a??Saudi Arabia Power Rental Market Analysis, 2020a??, the Power Rental market is projected to register a CAGR of around 12% during 2020-25. The construction sector acquired a considerable market share in the Saudi Arabia Rental market in 2019. The establishment of new buildings in the commercial and residential sector is strongly contributing to the requirement for diesel generators for power backup.
Moreover, the increasing number of tourist arrivals is positively impacting the growth of hospitality sector. The establishment of new hotels in the country is projected to boost the demand for rental power. For instance, in 2019, Hilton and Shomoul Holding Co., signed a contract to build four new hotels in The Avenues- Riyadh. The USD 3.4 billion project is expected to include hotels, exhibition space, conference halls, residential apartments, offices, and medical facilities and is projected to be completed by 2023. Hence, the increasing construction activities are anticipated to surge the requirement for rental power thereby strongly contributing to the growth of Saudi Arabia Power Rental market in the years to come.
The diesel generator segment captured the highest market share in the Saudi Arabia Power Rental market in 2019 on an account of the growing requirement to supply power in off-grid and remote areas. The ease of access to the fuel and portability are some of the major factors impacting the demand for diesel generators.
According to the key players capturing a substantial market share in the Saudi Arabia Power Rental market include Al-Futtaim Auto Machinery Co., Aggreko, Byrne Equipment Rental, Cummins, Energy Equipment Rental Co., Hertz Dayim Equipment Rental, Peax Equipment Rental, etc.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Overview, Market Shares) of Saudi Arabia Power Rental Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Saudi Arabia Power Rental Market?
Who are the key competitors or market players and how they perform in Saudi Arabia Power Rental Market on the basis competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Saudi Arabia Power Rental Market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Share & Analysis
Up to 100 KVA
100.1 KVA-350 KVA
Above 1000 KVA
For More Details on this Report At: https://www.marketstudyreport.com/reports/saudi-arabia-power-rental-market-analysis-2020?utm_source=Marketwatch.com&utm_medium=AN
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