LONDON--(BUSINESS WIRE)--Technavio has published a new report on the power rental market in the Middle East, which is expected to grow at a CAGR of almost 19% from 2015-2019.
About the Report
According to the new market research report by Technavio, continuous power has become a necessity in the development of any country with urbanization and the concentration of population creating a strain on power utilities to meet the rise in power demand.
“According to BP Middle East energy outlook, the production of energy in the country is expected to increase by 32% and the consumption to increase by 69% by the year 2035,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the exponential increase in the infrastructure spending by the governments to develop the nations.
“The huge infrastructure investments made by the governments gives an enormous scope of usage of rental power in the construction and other supporting areas, thus leading to market growth in the forecast period,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the power rental market in the Middle East from 2015-2019. A detailed study of the fuel type (diesel, gas and hybrid) and the revenue and growth patterns of power rental market are provided in this report.
Key Information Covered in the Report:
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Key Vendors:
- Aggreko
- Altaaqa
- APR Energy
- Byrne Equipment Rental
- Cummins
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Market Growth Drivers:
- Demand supply gap
- For a full detailed list, view our report.
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Market Challenges:
- Government policy to reduce emissions
- For a full detailed list, view our report.
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Market Trends:
- Increased infrastructure activities
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the power rental market:
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