UAE Power Rental Market Overview: 2023-28
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-28
The UAE Power Rental Market is expected to grow at a CAGR of around 6.24% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the rapidly increasing construction of buildings, roads, airports, hotels, corporate spaces, & industrial facilities, owing to the growing government focus on infrastructural developments for economic diversification. As a result, power rental services are witnessing high demand during these construction phases when a temporary & reliable power source is required.
Markntel Advisor’s UAE Power Rental Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, UAE Power Rental Market drivers, barriers, UAE Power Rental Market Trends, and Key Players in UAE Power Rental Market.
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UAE Power Rental Market Dynamics: 2023-28
Mounting Demand for Temporary & Reliable Power Solutions across Various End-User Industries – In recent years, the UAE has experienced significant economic growth & diversification, which has led to a surge in industrial & commercial activities and, consequently, higher power requirements. In order to support these expanding industries and ensure uninterrupted operations., temporary & reliable power solutions are required, i.e., pushing the demand for power rental services in the country.
The country is investing substantially in infrastructure projects associated with the construction of buildings, roads, airports, ports, & industrial facilities, which require temporary power solutions to provide electricity during different construction phases like site preparation, construction, & finishing for running tools, machinery, & lighting, among other equipment. Hence, the ever-increasing need for such solutions in the construction sector is projected to drive the UAE Power Rental Market during 2023-28.
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UAE Power Rental Market (2023-28): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Type
- Diesel Generator
- Gas Generator
According to report, Of both, Diesel Generators acquired the largest market share in recent years.
- By Capacity
- Up to 100 KVA
- 1 KVA-350 KVA
- 1-750 KVA
- 1-1000KVA
- Above 1000 KVA
- By Application
- Power Utilities
- Oil & Gas
- Construction
- Mining
- Others (Events, etc.)
According to report, Here, the construction application holds a prominent market share, mainly due to the increasing government focus on infrastructure developments, i.e.
- By Region
- Dubai
- Abu Dhabi
- Sharjah & Northern Emirates
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the UAE Power Rental Market:
- Byrne Equipment Rental
- Aggreko
- Rental Solutions & Services
- Geo Group
- GENESIS Equipment Solutions LLC
- Quality Equipment Rental LLC
- MAAC Power Equipments Rental LLC
- ELMEC Equipment Rental LLC
- Sudhir Power Ltd.
- Others (United Resources LLC, ACE Power, etc.)
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