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

The Middle-East and Africa power rental market is anticipated to experience significant growth, driven by increasing power demand and advancements in construction and industrial activities. Despite challenges posed by the expansion of power distribution networks and the rise of renewable energy projects, the market's capacity is bolstered by the inability of permanent power producers to meet demand, particularly during extreme weather conditions. The Middle-East region, especially countries like Saudi Arabia, the United Arab Emirates, and Qatar, holds a dominant position in the market, with utilities expected to capture a substantial portion of the market share.

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Market Size of Middle-East and Africa Power Rental Industry

Middle East And Africa Power Rental Market Overview
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 9.68 %

Major Players

Middle East And Africa Power Rental Market Key Players

*Disclaimer: Major Players sorted in no particular order

MEA Power Rental Market Analysis

The power rental market in the Middle-East and Africa is expected to grow at a CAGR of more than 9.68% over the period of 2020-2025. The growing demand for power rental market in the Middle-East and Africa is driven by the increase in demand for power in the region and development in construction and industrial activities. However, expansion of power distribution networks and rising development in renewable energy projects are expected to act as a restraint for the market growth.

  • Utilities are expected to have a major share among the entire end-user segment in the Middle-East and Africa power rental market during the forecast period.
  • Permanent power producer inability to meet the power demand in regular periods and especially during extremely hot weather conditions are considered as opportunities for the Middle East and Africa power rental market.
  • Middle-East has dominated the power rental market, with the majority of the demand coming from the countries like Saudi Arabia, the United Arab Emirates, and Qatar.

MEA Power Rental Industry Segmentation

The Middle-East and Africa power rental market report includes:

End-User
Utilities
Oil and Gas
Construction
Other End-Users
Fuel Type
Natural Gas
Diesel
Application
Prime Power
Peak Shaving
Emergency Standby
Geography
South Africa
Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
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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.

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Middle-East and Africa Power Rental Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD million, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-User

      1. 2.1.1 Utilities

      2. 2.1.2 Oil and Gas

      3. 2.1.3 Construction

      4. 2.1.4 Other End-Users

    2. 2.2 Fuel Type

      1. 2.2.1 Natural Gas

      2. 2.2.2 Diesel

    3. 2.3 Application

      1. 2.3.1 Prime Power

      2. 2.3.2 Peak Shaving

      3. 2.3.3 Emergency Standby

    4. 2.4 Geography

      1. 2.4.1 South Africa

      2. 2.4.2 Saudi Arabia

      3. 2.4.3 United Arab Emirates

      4. 2.4.4 Rest of Middle East and Africa

Middle-East and Africa Power Rental Market Size FAQs

The Middle-East and Africa Power Rental Market is projected to register a CAGR of greater than 9.68% during the forecast period (2024-2029)

Aggreko Middle East Ltd, Byrne Equipment Rental LLC, Rental Solutions & Services LLC, SES SMART Energy Solutions FZCO and KPS Power Generation are the major companies operating in the Middle-East and Africa Power Rental Market.

MEA Power Rental Market Report Snapshots

MEA Power Rental Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)