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Qatar’s power rental market is expected to grow at a CAGR of 23.3 per cent until 2020, making it a key power rental country in the Middle East
According to 6Wresearch’s report Qatar Power Rental Market 2014-2020, more than US$200bn is going to be invested across various projects that would necessitate the need for reliable power rental equipment such as gensets.
Specifically, the renovation of three stadia, construction of nine new stadia, Doha Metro Rail, Lusail City, new expressways and hotels are key projects in Qatar that would require gensets.
The country’s diesel genset market accounted for most of the market share due to ease of availability, stated the report. In the non-diesel genset rental market, gas-based equipment contributed to majority of the revenue.
Gensets with rating 100.1KVA-350KVA and 350.1KVA-750KVA were preferred due to their extensive usage across various applications. RSS, JTC, Byrne Investments, Hertz, Aggreko, Qatar Building Company, Al Reyami and Qatari Industrial Equipment are the key players in the market, added the report.
Meanwhile, Saudi Arabia’s power rental market is projected to grow at 20 per cent, according to the report. The conscious decision to reduce greenhouse emissions has led to policy initiatives encouraging industry leaders to opt for gas-fired rental generators.