UAE is the key revenue generating country in Middle-East power rental market. The growth for temporary power in the country is exhibited due to increasing energy demand and surging public and private infrastructure owing to upcoming World Expo 2020. During the event, around 25 million international tourists are forecast to visit the country. To meet the requirements for the upcoming event, establishment of trade centers, construction of hotels & hospitals, expansion of rail network and airport expansion is witnessed in the country.
According to 6Wresearch's "UAE Power Rental Market (2015-2021)" report, power rental market in UAE is projected to grow at a CAGR of 16.8% during 2015-21. In UAE's power rental market, diesel genset rental market captured major share of pie in overall power rental business due to ease of availability of these gensets on rent. With decline of oil prices in the international market, impact on power rental market can be predicted for the next one year in UAE. In the forecast period, share of non-diesel genset rental market is expected to increase due to adoption of cleaner technologies, especially natural gas based gensets.
Northern region is leading revenue contributing region in UAE's power rental market. The growth of power rental market in this region is primarily dependent on cities such as Dubai, Sharjah, Umm al-Quwain, Dibba, and Fujairah. Dubai and Sharjah are the major cities where highest penetration of gensets on rent is witnessed. Increasing investments, construction of new hotels, malls and expansion of transportation infrastructure are fueling power rental market in Northern region. For instance, UAE has planned to establish world's largest airport, which can accommodate 200 million passengers and 12 million tons of freight. For the construction of the airport $32 billion are expected to be invested for the next 5 years, thus providing significant boost to power rental business.
In UAE, gensets with rating 100.1KVA-350KVA and 350.1KVA-750KVA leads due to their extensive usage across various applications. Aggreko Middle East Ltd., AL-Futtaim Auto & Machinery Company LLC, AL Masaood Power Engineering, AL Faris Equipment Rentals, AL SHOLA Rental Solutions, Altaaqa Global, Argonaut Corporation, A.T. Generators, Byrne Equipment Rental WLL, JENGAN EST, Jubaili Bros., Rental Solutions & Services LLC, SMART Energy Solutions FZCO, United Gulf Equipment Rentals LLC.
"UAE Power Rental Market (2015-2021)" provides in-depth analysis with combined 62 figures and tables. The report estimates and forecast overall Qatar power rental market by revenue, by generator types such as diesel and non-diesel generators. Market by KVA ratings- Below 100 KVA, 100.1 KVA- 350 KVA, 350.1 KVA-750 KVA, 750 KVA-1000 KVA and Above 1000 KVA. Applications such as utilities, oil & gas, industrial & construction, quarrying and Mining and others and by regions such as north and south. The report also gives the insights on competitive landscape, market trends, rental trends, company profiles, market drivers and restraints.
Media Courtesy : Zawya