Qatar is expected to emerge as key growing power rental market in Middle-East region. Increasing infrastructure development activities due to upcoming FIFA World Cup 2022, rising transportation network, surging investments, rising hospitality sector and changing economic reforms are anticipated to drive the growth of power rental business in Qatar.
According to 6Wresearch’s “Qatar Power Rental Market (2014-2020)” report, power rental market in Qatar is projected to grow at a CAGR of 23.3% during 2014-20. With more than $200 billion to be invested across various applications for the upcoming world cup, tremendous growth of rental equipment would be witnessed especially gensets in the country. Construction & industrial application is expected to emerge as fastest growing application in Qatar market. The key developments in Qatar’s construction industry include- building of 8 new stadiums and renovation of 3 existing stadiums, Doha Metro Rail, establishment of Lusail City, expressways and addition of new hotels.
In Qatar’s power rental market, diesel genset rental market accounted for majority of the market share owing to ease of availability of these gensets. In non-diesel genset rental market, gas based gensets have accounted for majority of the market revenues. Qatar, being natural gas rich country would exhibit higher growth for gas powered gensets.
In Qatar, gensets with rating 100.1KVA-350KVA and 350.1KVA-750KVA leads due to their extensive usage across various applications. RSS, JTC, Byrne Investments, Hertz, Aggreko, Qatar Building Company, Al Reyami, and Qatari Industrial Equipment are the key players of the market.
“Qatar Power Rental Market (2014–2020)” provides in-depth analysis with 53 figures and 6 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. By 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.