Saudi Arabia is one of the fastest growing economies amongst all Middle East countries. Changing economic reforms, establishment of new industries, increasing construction activities, rapid expansion of public & private infrastructures, requirement of power in off-grid and remote areas are spurring the power rental market in Saudi Arabia. The market for power rental in Saudi Arabia is forecast to grow at a CAGR of 20.3% during 2014-20.
In the Saudi Arabia power rental market, diesel genset rental market accounts for majority of the market share. Diesel gensets are best viable at construction sites, remote areas and mega projects where electricity is one of the prime basic criteria's for the construction activities. However, in the forecast period, share of gas genset rental market is expected to increase due to government initiatives to adopt greener sources of power.
The key players in the market include- Aggreko, Enerco, Hertz, Byrne Investments, Peax, Altaaqa, Cummins Olayan Energy, RSS and others.