Saudi Arabia Diesel Genset Rental Market Competition, Forecast and Opportunities, 2028

The Saudi Arabia Diesel Genset Rental market is anticipated to grow at a steady pace in the forecast period 2024-2028 & will grow at a very high CAGR in the forecast period

Saudi Arabia Diesel Genset Rental market is anticipated to grow at a steady pace in the forecast period 2024-2028 & will grow at a very high CAGR in the forecast period.

Rental diesel Genset serves as a supplemental source of energy in many places and serve as an emergency power backup during power disruptions and shortages to keep activities operating smoothly. Although rental diesel Genset is not frequently used, renting them is a more practical option than blocking and spending money. They also provide great short-term solutions for a variety of industries, including mining, commercial and industrial property management, education, building, healthcare, etc.

Power Outrage During Natural Calamities

Citizens in Saudi Arabia have been relocating to places that are vulnerable to natural catastrophes including earthquakes, landslides, torrential rain, storms, and heavy snowfall. These crises are also becoming more frequent as a result of climate changes, global warming, etc. that tend to impede the transmission and distribution of the nation's power supply, leading to issues like power outages. Due to its accessibility, lack of investment capital requirements, and ease of maintenance and installation, individuals choose to utilize rental diesel Gensets to get around such circumstances. Furthermore, following a disaster, power outage in hospitals and other infrastructure institutions like power plants pose a serious difficulty for government authorities and energy providers. Therefore, a variety of businesses and industries would adopt rental diesel gensets to satisfy the uninterrupted power supply, driving the Saudi Arabia diesel genset rental market.

Various upcoming mega infrastructure projects

The healthcare infrastructure has seen significant changes in the Saudi Arabia area, where the construction of both public and commercial hospitals has increased during the past ten years. The Saudi government intends to spend more than USD 65 million on the nation's healthcare system as part of Saudi Vision 2030. Along with increasing private sector participation from 40% to 65% by 2030, it also plans to privatise 290 hospitals and 2,300 primary healthcare facilities. One of the primary drivers of this expansion of the healthcare infrastructure is the ageing population's rising need for healthcare services. As a result, it is projected that all these elements would contribute to the improvement of Saudi Arabia's healthcare infrastructure and where the demand of diesel genset required to maintain an uninterrupted electrical supply. As a result, all these components are prepared to improve Saudi Arabia's healthcare system, and thus, it is projected that the Saudi Arabia Diesel Genset Rental market is expected to expand in the upcoming years. Additionally, to provide a steady supply of electricity and uninterrupted operations, diesel generators are employed in motorways, metros, trains, and many other infrastructure projects. For instance, DG sets are used in road building projects’ remote regions, to supply continuous electricity and finish the project on schedule.

Government Initiatives

The Saudi Vision 2030 was established to reduce Saudi Arabia's reliance on oil, diversifying the country's economy, and improve public services such as healthcare, infrastructure, education, entertainment, and tourism. The infrastructure sector is one of the most significant pillars of Saudi Vision 2030, which seeks to foster economic growth and sustainability throughout the Kingdom. The goal was to increase infrastructure from 15% to 25% by the year 2030. For instance, Saudi Arabia, intended to spend USD 16.01 billion on transportation infrastructure, USD 17.80 billion on municipal services, USD 60.92 billion on health and social development, and USD 64.74 billion on education in order to enhance the region's infrastructure industry. The government will continue seeking P3 partnerships due to its objectives for preserving the government's financial stability and actions to boost private sector engagement in infrastructure development. Saudi Arabia anticipates spending 348 billion USD on infrastructure projects over the next 20 years. As a result of engagement in infrastructure development projects there, the market for diesel generator sets in Saudi Arabia has expanded.

Market Segmentation

The Saudi Arabia Diesel Genset Rental Market is divided into KVA Rating, Application and End User Industry. Based on KVA Rating, the market is divided into Below 100KVA, 100.1-350KVA, 350.1-750KVA, 750.1-1000KVA, Above 1000KVA Based on Application, the market is segmented into Backup Power, Prime Power, and Peak Shaving). Based on the End User Industry, the market is segmented into Residential, Commercial, Industrial, Public, and Others.

Market Players

Major market players in the Saudi Arabia Diesel Genset Rental Market are Aggreko Middle East Ltd, Altaaqa Alternative Solutions Co Ltd, Byrne Investments Saudi Arabia Ltd, Cummins Olayan Energy Ltd, Energia Al Faris Contracting Company Ltd, Energy Equipment Rental Co. Ltd, Hertz Dayim Equipment Rental Ltd, HUNE Specialized International Co. L.L.C. (HUNESICO), Peax Equipment Rental, Rental Solutions & Services LLC, and SES SMART Energy Solutions FZCO.

Report Scope:

In this report, the Saudi Arabia Diesel Genset Rental Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Saudi Arabia Diesel Genset Rental Market, By KVA Rating:

• Below 100KVA
• 100.1-350KVA
• 350.1-750KVA
• 750.1-1000KVA
• Above 1000KVA

Saudi Arabia Diesel Genset Rental Market, By Application:

• Backup Power
• Prime Power
• Peak Shaving

Saudi Arabia Diesel Genset Rental Market, By End User Industry:

• Residential
• Commercial
• Industrial
• Public
• Others

Saudi Arabia Diesel Genset Rental Market, By Region:

• Northern & Central Region
• Western
• Southern
• Eastern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Diesel Genset Rental Market.

Available Customizations:

Saudi Arabia Diesel Genset Rental market report with the given market data, the publisher offers customizations according to a company's specific needs.


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