The power rental market is defined as the revenue earned either through renting the generators or from a temporary power plant. In the prior model, a power rental company can rent a generator for which maintenance responsibility lies with the company itself and revenue earned from renting the generator comes under the power rental market. While in the later model, a power rental company builds and maintains a temporary power plant and charges the user on the basis of duration, capacity build, and electricity units supplied.
The MEA power rental market is witnessing high growth on the account of increase in construction activities and the tendency to rent the equipment instead of purchasing. Major portion of the demand comes across utilities in the region. Poor planning by the government left the region with huge demand that exceeded the supply by many folds. Distributing companies/utilities are heavily dependent on the power rental companies to meet the demand; the utilities share in the power rental revenue market will come down drastically due to the rigorous electrification in the region.
Rental generators let users use the machine without spending thousands of dollars purchasing one. Renting generator reduces maintenance costs, eliminating expensive service shops, service tooling, and spare parts. Renting offers elimination of repairing and inventory costs. People generally rent generators as it offers choice of brand, type, and rent price of a generator. Renting or leasing helps maintain cash reserves, which can be used for more essential expenditures. A generator requires huge investment, and value of the equipment depreciates over time. In case of shortterm projects most companies prefer to retain cash over making a capital investment into a high-value product. Therefore, inclination towards renting generator rather than buying is a major factor driving the rental market.
Restraints: Wear and tear of generators
Generators degrade after prolonged usage. This degradation is because of the dust and heat in the desert region of Saudi Arabia, adding to the maintenance incurred by rental provider companies.
The dependency on electricity is also very high sometimes due to weather conditions, because generators are required for either prime or for standby purposes, depending on the availability of grid power. However, factors such as increase in diesel price and variable diesel pricing and subsidy for different sectors of the country are restraining the growth of this market.
Challenges: Increasing focus on solar based power plants
Increasing focus on alternative sources such as solar energy has adversely affected demand for diesel gensets. Rising presence of foreign manufacturers intensify competition in the region, thereby decreasing profit margins for locally established players.
Opportunities: Growing trends in Industrial sectors
Tax incentives and low-rental costs for industrial zones are offered throughout the region to attract foreign direct investment. Most incentives in recent years are offered to manufacturing and industrial companies; especially into petrochemical production. To meet the temporary and sudden demand of power in such industries, rental power is required.
MEA Power Rental Market is segmented into fuel such as Diesel, Gas, and Dual Fuel, by power rating such as 11-50 KW, 51-200 KW, 201-500 KW, 501-1000 KW, 1501-2000 KW, and Above 2000 KW. Further, market is segmented into end user such as Utilities, Oil & Gas, Events, Construction, Mining, and Shipping.
Also, MEA Power Rental Market is segmented into various countries such as Saudi Arabia, UAE, Egypt, Kuwait, and South Africa.
Various key players are discussed in this report such as Aggreko, Byrne Equipment Rental LLC, Rental Solutions & Services LLC, Altaaqa., Al Faris Equipment Rentals LLC, Nour Energy Co. Ltd., Peax Equipment Rental, Atlas, and Apr Energy PLC
By Power Rating 11-50 KW 51-200 KW 201-500 KW 501-1000 KW 1501-2000 KW Above 2000 KW
By End User Utilities Oil & Gas Events Construction Mining Shipping
By Country Saudi Arabia UAE Egypt Kuwait South Africa
Key Questions Addressed by the Report What are the Key Opportunities in MEA Power Rental Market? What will be the growth rate from 2019 to 2030? Which segment/region will have highest growth? What are the factors that will impact/drive the Market? What is the competitive Landscape in the Industry? What is the role of key players in the value chain? What are the strategies adopted by key players?
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 MEA Power Rental Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 MEA Power Rental Market, By Fuel
5.1 Y-o-Y Growth Comparison, By Fuel
5.2 MEA Power Rental Market Share Analysis, By Fuel
5.3 MEA Power Rental Market Size and Forecast, By Fuel
5.3.1 Diesel
5.3.2. Gas
5.3.3. Dual Fuel
6 MEA Power Rental Market , By Power Rating
6.1 Y-o-Y Growth Comparison, By Power Rating
6.2 MEA Power Rental Market Share Analysis, By Power Rating
6.3 MEA Power Rental Market Size and Forecast, By Power Rating
6.3.1 11-50 KW
6.3.2 50-200 KW
6.3.3.201-500 KW
6.3.4.501- 1000 KW
6.3.5.1101-2000 KW
6.3.6. Above 2000 KW
7 MEA Power Rental Market, End User
7.1 Y-o-Y Growth Comparison, End User
7.2 MEA Power Rental Market Share Analysis, End User
7.3 MEA Power Rental Market Size and Forecast, End User
7.3. 1Utillitis
7.3.2 Oil & Gas
7.3.3. Events
7.3.4. Construction
7.3.5. Mining
7.3.6. Shipping
8MEA Power Rental Market, By Region
8.1 MEA Power Rental Market Share Analysis, By Region
8.2 MEA Power Rental Market Share Analysis, By Region
8.3 MEA Power Rental Market Size and Forecast, By Region
9 MEA Power Rental Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 MEA Power Rental Market Share Analysis, By Fuel
9.3 MEA Power Rental Market Size and Forecast, By Power Rating
9.4 MEA Power Rental Market Size and Forecast, End User
9.5 MEA Power Rental Market Size and Forecast, By Country
9.5.1 Saudi America
9.5.2 UAE
9.5.3 Egypt
9.5.4 Kuwait
9.5.5 South africa
10Competitive Analysis
10.1 Competition Dashboard
10.2 Market share Analysis of Top Vendors
10.3 Key Development Strategies
11Company Profiles
11.1 Aggreko
11.1.1 Overview
11.1.2 Offerings
11.1.3 Key Financials
11.1.4 Business Segment & Geographic Overview
11.1.5 Key Market Developments
11.1.6 Key Strategies
11.2 Byrne Equipment Rental LLC
11.2.1 Overview
11.2.2 Offerings
11.2.3 Key Financials
11.2.4 Business Segment & Geographic Overview
11.2.5 Key Market Developments
11.2.6 Key Strategies
11.3 Rental Solutions & Services LLC
11.3.1 Overview
11.3.2 Offerings
11.3.3 Key Financials
11.3.4 Business Segment & Geographic Overview
11.3.5 Key Market Developments
11.3.6 Key Strategies
11.4 Altaaqa
11.4.1 Overview
11.4.2 Offerings
11.4.3 Key Financials
11.4.4 Business Segment & Geographic Overview
11.4.5 Key Market Developments
11.4.6 Key Strategies
11.5 Al Faris Equipment Rentals LLC
11.5.1 Overview
11.5.2 Offerings
11.5.3 Key Financials
11.5.4 Business Segment & Geographic Overview
11.5.5 Key Market Developments
11.5.6 Key Strategies
11.6 Nour Energy Co. Ltd
11.6.1 Overview
11.6.2 Offerings
11.6.3 Key Financials
11.6.4 Business Segment & Geographic Overview
11.6.5 Key Market Developments
11.6.6 Key Strategies
11.7 Peax Equipment Rental
11.7.1 Overview
11.7.2 Offerings
11.7.3 Key Financials
11.7.4 Business Segment & Geographic Overview
11.7.5 Key Market Developments
11.7.6 Key Strategies
11.8 Atlas
11.8.1 Overview
11.8.2 Offerings
11.8.3 Key Financials
11.8.4 Business Segment & Geographic Overview
11.8.5 Key Market Developments
11.8.6 Key Strategies
11.9 Apr Energy PLC
11.9.1 Overview
11.9.2 Offerings
11.9.3 Key Financials
11.9.4 Business Segment & Geographic Overview
11.9.5 Key Market Developments
11.9.6 Key Strategies
