Middle Eastern Temporary Power and Cooling Market 2019-2023: Major Players are Aggreko, Rental Solution and Services, Johnson Controls, Geo Rental, and Argonaut
DUBLIN, Feb. 6, 2019 /PRNewswire/ --
The "Middle Eastern Temporary Power and Cooling Market by Power Rating (Up To 500kVA, 501-1,000 kVA, 1,001-1,250 kVA, and Above 1,250 kVA), Equipment (Cooling Tower, AHU, Air Conditioner, Chiller), Application, and Region - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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The Middle Eastern temporary power market is projected to reach USD 1,102 million by 2023 at a CAGR of 12.12% from an estimated USD 622 million in 2018, whereas the Middle Eastern temporary cooling market is projected to reach a size of USD 305 million by 2023 at a CAGR of 5.78% from an estimated USD 230 million in 2018.
In the Middle East, the outlook toward the power sector is set to witness changes in the coming years. At the end of 2016, the Middle Eastern power generation installed capacity stood at under 300 GW, of which 63% is from natural gas, 29.5% from oil, and the rest from hydro and renewables. This mix is subject to changes in the next decade with an increased contribution from renewables, especially wind and solar. Natural gas will still dominate the power generation mix in the longer run. However, oil-fired generation capacity will not grow. Saudi Arabia is currently dominated by oil-fired generation and is planning to add gas capacity to make its energy mix gas-dominated in the future.
The temporary power market revenue is generated by renting power equipment and providing power solutions for a short period and/or when the power requirement is urgent. Renting power is common in North America and Western European countries. Temporary power is an independent source of electric power that supports industries and other sectors with power supply during a power outage.
The temporary power market is estimated to be valued at USD 621.9 million in 2018 and is projected to reach USD 1,102.0 million by 2023, at a CAGR of 12.12%. Temporary power solutions are widely used in applications such as construction, oil & gas, events, utilities, manufacturing, marine, military, and real estate to provide efficient power solutions. High disposable income and rising international tourism in the region has promoted a large number of events. An increasing number of events and power demand is expected to drive the temporary power market during the forecast period. Major countries such as Saudi Arabia have stated Vision 2030 to increase their non-oil & gas sector exports from 16% to 50% by 2030.
Other countries in the Middle East are working on a similar strategy to diversify their economy by skill development and increasing investments in small- and medium-sized enterprises. Additionally, there has been a considerable increase in investments in construction and infrastructure projects. UAE and Qatar have emerged as bright spots in construction and infrastructure in the region. All these factors are expected to act as a rewarding opportunity for temporary power suppliers till the forecast period.
Major factors driving the growth of the temporary cooling market include increasing investments in the non-oil sectors and expansion of IT and data center projects across the Middle East. Increasing environmental norms could act as a restraint for the growth of the temporary cooling market.
The major players in the temporary cooling market are Aggreko (UK), Rental Solution and Services (UAE), Johnson Controls (Ireland), Geo Rental (UAE), and Argonaut (UAE).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Temporary Power and Cooling Market, 2018-2023
4.2 Temporary Power Market, By Power Rating
4.3 Temporary Cooling Market, By Equipment
4.4 Temporary Power Market, By Application
4.5 Temporary Cooling Market, By Application
5 Market Overview
5.1 Introduction
5.2 Policy Analysis
5.2.1 Saudi Arabia
5.2.2 UAE
5.2.3 OMAN
5.2.4 Bahrain
5.2.5 Kuwait
5.2.6 Qatar
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Large Number of Events in the Region
5.3.1.2 Lesser Turnaround Time
5.3.1.3 Power Shortage During High-Demand Periods
5.3.1.4 Growing Construction and Infrastructure Investments
5.3.1.5 Rise in GDP Contribution From the Non-Oil Sectors
5.3.1.6 Expansion of It and Data Center Projects
5.3.2 Restraints
5.3.2.1 Rise in T&D Investments
5.3.2.2 Rising Environmental Concerns
5.3.2.3 Rigorous Environmental Norms
5.3.3 Opportunities
5.3.3.1 Aging Power Infrastructure
5.3.3.2 Potential Implementation of Digital Technologies in Temporary Power & Cooling Solutions
5.3.4 Challenges
5.3.4.1 Intense Competition Within the Specialty Sector
6 Temporary Power Market, By Power Rating
6.1 Introduction
6.2 Up to 500kVA
6.2.1 Increasing Events, Commercial Building and Facilities is Expected to Boost the Market in the Middle East Region
6.3 501-1,000 Kva
6.3.1 Construction Adn Hvac Activites Will Boost the Temporary Power Market for 501 to 1,000 Kva Segment
6.4 1,001-1,250 Kva
6.4.1 Heavy Construction, Manufacturing, and Utilities Would Drive the Demand for 1,001 to 1,250 Kva Segment
6.5 Above 1,250 Kva
6.5.1 Increasing Oil & Gas Activities and Heavy Construction Would Drive the Above 1,250 Kva Segment During the Forecast Period
7 Temporary Cooling Market, By Equipment
7.1 Introduction
7.2 Cooling Tower
7.2.1 Saudi Arabia Holds the Largest Market Share
7.3 Air Handling Unit (AHU)
7.3.1 Increasing Industrialization and Infrastructure Projects in the Middle East Region is the Major Key Factor for the AHU Market
7.4 Air Conditioner
7.4.1 Increasing It and Data Center is Expected to Boost the Air Conditioner Market
7.5 Chiller
7.5.1 Increasing Events Activities Across the Middle East Region Will Boost the Chiller Market
8 Temporary Power and Cooling Market, By Application
8.1 Introduction
8.2 Construction
8.2.1 Qatar is Expected to Hold the Largest Market Share in the Construction
8.3 Oil & Gas
8.3.1 Increasing Demand for Oil & Gas From the Asia Pacific Region
8.4 Utilities
8.4.1 UAE is Expected to Grow at A Highest Cagr for Utilities Segment
8.5 Real Estate & Data Center
8.5.1 Increasing Data Center in the Middle East Region
8.6 Events
8.6.1 Increasing Number of Events in the Middle East Region Will Boost the Temporary Power and Cooling Market
8.7 Marine
8.7.1 Saudi Arabia is Holding the Largest Market Share for Marine Industry
8.8 Military
8.8.1 Qatar is Holding the Largest Market Share
8.9 Manufacturing
8.9.1 Infrastructural Transformation in the Country is Expected to Drive the Manufacturing Demand
9 Temporary Power and Cooling Market, By Country
9.1 Introduction
9.2 Middle East
9.2.1 By Country
9.2.1.1 Saudi Arabia
9.2.1.1.1 Oil & Gas and Events Activities are Dominating the Temporary Power and Cooling Market in the Country
9.2.1.2 UAE
9.2.1.2.1 Increases Focuses on the Construction Sector is Expected to Boost the Demand for Temporary Power and Cooling Market in the Country
9.2.1.3 OMAN
9.2.1.3.1 Increasing Investment Towards the Oil & Gas and Utilities Sector is Likely to Drive the Temporary Power and Cooling Market
9.2.1.4 Bahrain
9.2.1.4.1 Increasing Number of Data Center in the Country Will Boost the Demand for the Market
9.2.1.5 Kuwait
9.2.1.5.1 Growth in the Construction and Real Estate Industries is Expected to Boost the Demand for Market
9.2.1.6 Qatar
9.2.1.6.1 Growing Construction and Event Activities Across the Country Will Boost the Market Growth
9.2.1.7 Rest of Middle East
10 Competitive Landscape
10.1 Introduction
10.2 Ranking of Players & Market Structure
10.3 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 New Product Launches
10.3.3 Investments & Expansions
10.3.4 Others
11 Company Profiles
-- Aggreko
-- Al Faris Group
-- Al Shola
-- Altaaqa
-- Andrews Sykes Climate Rental
-- Argonaut
-- Atlas Copco
-- Byrne Equipment Rental
-- Cummins Arabia
-- Energyst Rental Solutions
-- Flow Air & Power Solution
-- Geo Rental Solutions
-- Jassim Transport & Stevedoring Co.
-- Johnson Controls
-- Rental Solutions & Services
-- Smart Energy Solutions
-- Trane Rental Services
For more information about this report visit https://www.researchandmarkets.com/research/r6m7sf/middle_eastern?w=5
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