Middle-East and Africa Power Rental Market Size (2024 - 2029)

Middle-East and Africa Power Rental Market Size Summary

The power rental market in the Middle-East and Africa is poised for substantial growth, driven by increasing power demand and advancements in construction and industrial activities. Despite challenges such as the expansion of power distribution networks and the rise of renewable energy projects, the market is expected to thrive. The utility sector is anticipated to hold a significant share of the market, largely due to the need for rented power to support the aging thermal power infrastructure. The Middle-East, particularly countries like Saudi Arabia, the United Arab Emirates, and Qatar, dominates the market, with power rentals emerging as a viable solution to meet the demands of growing urbanization and population.

The Middle-East region stands as a major player in the global power rental industry, accounting for a substantial portion of the market. The shift towards non-oil sectors post-2015 oil crash, coupled with government initiatives like Saudi Vision 2030 and UAE Vision 2021, is expected to further boost the demand for power rentals. The region's moderate market fragmentation is characterized by key players such as Aggreko Middle East Ltd and Byrne Equipment Rental LLC, who are instrumental in catering to the increasing need for diesel generators and other rental power solutions. As the region continues to diversify its economy and enhance its infrastructure, the power rental market is set to experience significant growth over the forecast period.