Middle East and Africa Power Generator Rental Market Report and Forecast 2023-2028

Middle East and Africa Power Generator Rental Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Middle East and Africa power generator rental market reached a value of approximately USD 2.25 billion in 2022. Aided by the increasing power demand and the growing need for continuous and reliable power supply, especially in times of power outages, the market is projected to further grow at a CAGR of 8% between 2023 and 2028 to reach a value of USD 3.61 billion by 2028.

Power generator rental refers to the leasing of power generators from specialised rental companies or providers. These generators offer an alternative source of power in times of power cuts and blackouts, ensuring continuity of business operations and residential convenience. They are commonly used in various industries, including construction, events, power, and oil and gas. The growing need for power, coupled with the increased frequency of power outages, makes these generators indispensable for many applications.

The increasing demand for consistent power supply in various sectors is driving the Middle East and Africa power generator rental market growth. With rapid industrialisation and urbanisation, there has been a significant rise in power consumption, leading to a surge in demand for power generators. Furthermore, the growing trend of outdoor events and the need for a reliable power source during such events have further contributed to the increasing popularity of power generator rentals.

The expansive applications of power generators in various sectors also play a crucial role in propelling the Middle East and Africa power generator rental market growth. In the construction industry, power generators are used to provide power for various machinery and tools. The oil and gas industry relies heavily on power generators to ensure the continuity of their operations, especially in remote and off-grid locations. Moreover, power generators are an integral part of disaster management, providing much-needed power supply during natural disasters and power outages, thereby increasing the Middle East and Africa power generator rental market demand.

Additionally, the growing focus on cost-effectiveness has led to an increased reliance on rental power generators. Instead of investing in purchasing and maintaining a generator, many companies prefer renting, which offers flexibility, convenience, and cost savings. This trend is expected to continue, boosting the Middle East and Africa power generator rental market expansion.

Market Segmentation

The market can be divided based on power rating, fuel type, application, end use, and country.

Market Breakup by Power Rating

• Below 75 kVA
• 75-375 kVA
• 375-750 kVA
• Above 750 kVA

Market Breakup by Fuel Type

• Diesel
• Gas
• Others

Market Breakup by Application

• Continuous Load
• Standby Load
• Peak Load

Market Breakup by End Use

• Telecom
• Banking
• Mining
• Data Centre
• Construction
• Manufacturing
• Tourism
• Others

Market Breakup by Country

• Saudi Arabia
• United Arab Emirates
• Nigeria
• South Africa
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Middle East and Africa power generator rental companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Byrne Equipment Rental
• Saudi Diesel Equipment Co. Ltd.
• Saudi Emarati Electric Power Generators Co. (L.L.C)
• Smart Energy Solutions
• Rental Solutions & Services
• Aggreko Ltd
• Others

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.