Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Genset Rental Market Outlook (2021-2027)”under Services Market Research Reports category. The Genset Rental Market in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Genset Rental Market Outlook (2021-2027)
Saudi Arabia genset rental market report thoroughly covers market by types, kVA ratings and applications. Saudi Arabia genset rental market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Genset Rental Market Synopsis
Saudi Arabia genset rental market declined in 2020 on the back of Covid-19 pandemic, as there were delay and cancellation for projects in various sectors across the country in order to maintain the social distancing measures adopted to curb the spread of coronavirus. There was also a slump in social gatherings and entertainment events due to the imposed lockdown in the country. This hampered the economic growth in Saudi Arabia, causing substantial disturbance in the supply chain and brought about a fall in electricity consumption in Saudi Arabia. These elements prompted a decrease in demand for genset rentals in Saudi Arabia during the last year. However, the market is expected to exhibit growth in 2021 on account of projects getting resumed and the commencement of new contracts, along with increasing need for power in the commercial and industrial sectors.
Saudi Arabia Genset Rental Market size is projected to grow at a CAGR of 7.7% in terms of revenues during 2021-2027. Growth of the non-oil sector and plans under Saudi Vision 2030 are the major factors driving the growth of Saudi Arabia genset rental market. The cost of buying a genset and its maintenance is quite high which persuades customers to rent gensets rather than to buy them. The configuration flexibility of the generators is also an additional advantage of renting the gensets.
Market by kVA Ratings Analysis
On the basis of kVA ratings, 350.1-750 kVA acquired majority of the revenue share of the genset rental market in the country and is expected to capture the largest market share during the forecast period due to its high usability in multiple sectors. Apart from this segment, above 1,000 kVA rating segment will also show high market growth owing to the execution of infrastructural development by the government of Saudi Arabia in various industries as infrastructure projects require a high-power source, leading to more utilization of genset rentals above 1,000 kVA rating.
Market by Application Analysis
On the basis of applications, the power utilities sector garnered the major market revenue share during the year 2020 and is expected to lead the genset rental market in Saudi Arabia in coming years owing to the rapidly developing energy and power sector in the region. Additionally, market shares for the construction segment will also increase due to implementation of a large number of projects in this sector. This will occur on account of the goals of the Saudi Arabia government to diversify the economy in order reduce their reliance on the oil sector.
Key Attractiveness of the Report
COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2017 to 2027.
Base Year: 2020
Forecast Data until 2027.
Key Performance Indicators Impacting the Market.
Key Highlights of the Report
Saudi Arabia Genset Rental Market Overview
Saudi Arabia Genset Rental Market Outlook
Saudi Arabia Genset Rental Market Forecast
Saudi Arabia Genset Rental Market Share
Saudi Arabia Genset Rental Market Growth
Historical Data and Forecast of Saudi Arabia Genset Rental Market Revenues for the Period 2017-2027F
Historical Data and Forecast of Saudi Arabia Genset Rental Market Revenues, By Types for the Period 2017-2027F
Historical Data and Forecast of Saudi Arabia Genset Rental Market Revenues, By kVA Rating for the Period 2017-2027F
Historical Data and Forecast of Saudi Arabia Genset Rental Market Revenues, By Applications for the Period 2017-2027F
Market Drivers
Market Restraints
Saudi Arabia Genset Rental Market Trends
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Player’s Revenue Shares
Market Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
Diesel
Gas
By kVA Rating (Only Diesel)
Upto 100 kVA
1 to 350 kVA
1 to 750 kVA
1 to 1,000 kVA
Above 1,000 kVA
By Applications (Only Diesel)
Power Utilities
Oil & Gas
Construction
Manufacturing
Quarrying and Mining
Others (Events, Hospitality, Healthcare, Retail & Commercial etc.)
Browse our full report with Table of Contents:
https://marketreportsonsaudiarabia.com/report/764213/saudi-arabia-genset-rental-market-outlook--market-forecastby-types-diesel-gas-by-kva-rating-only-diesel-upto-kva-to-kva-to-kva-to-kva-above-kva-by-applications-only-diesel-power-utilities-oil-gas-construction-manufacturing-quarrying-and-mining-others-events-hospitality-healthcare-retail-commercial-etcand-competitive-landscape
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