Feb 8, 2019   SOURCE: BusinessWire

Middle Eastern Temporary Power & Cooling Market, 2019-2023 - Projected to Grow at 12.12% and 5.78% CAGR, respectively - ResearchAndMarkets.com

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.

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.

This can be attributed to a large number of events in the region, lesser turnaround time, power shortage during high-demand periods, and growing construction and infrastructure investments. The rise in T&D investments, growing environmental concerns, and rigorous environmental norms can hinder the growth of the market.

The above 1,250 KVA segment is expected to dominate the Middle Eastern temporary power and cooling market from 2018 to 2023

The above 1,250 KVA segment held the largest market share in 2017 and is estimated to be the largest segment during the forecast period.

Increasing construction, manufacturing, and utility activities across the region are expected to drive the above 1,250 kVA segment. For instance, In Saudi Arabia, the construction industry is estimated to rise from USD 105.6 billion in 2015 to USD 148.5 billion by 2020 owing to the increased government contributions and investments in sectors such as healthcare, education, and construction, as per Timetric's Construction Intelligence Center (CIC). Such factors are expected to drive the above 1,250 KVA segment in the Middle East.

Air Handling Unit (AHU) segment is expected to be the fastest growing segment in Middle Eastern temporary power and cooling market during the forecast period

The air handling unit (AHU) segment is expected to grow at the fastest rate between 2018 and 2023. Increasing industrialization, infrastructure projects, and district cooling/heating projects in the Middle East are some of the major factors driving the AHU segment.

Also, increasing construction activities such as shopping malls, hospitals, universities, data centers, and server room, which require AHUs to regulate and circulate air across the room, would create demand for AHUs in the region.

Market Dynamics

Drivers

  • Large Number of Events in the Region
  • Lesser Turnaround Time
  • Power Shortage During High-Demand Periods
  • Growing Construction and Infrastructure Investments
  • Rise in GDP Contribution from the Non-Oil Sectors
  • Expansion of IT and Data Center Projects

Restraints

  • Rise in T&D Investments
  • Rising Environmental Concerns
  • Rigorous Environmental Norms

Opportunities

  • Aging Power Infrastructure
  • Potential Implementation of Digital Technologies in Temporary Power & Cooling Solutions

Challenges

  • Intense Competition Within the Specialty Sector

Topics Covered

1 Introduction

2 Research Methodology

2.1 Market Size Estimation

2.2 Some of the Insights of Industry Experts

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

5.3 Market Dynamics

6 Temporary Power Market, By Power Rating

6.1 Introduction

6.2 Up to 500kVA

6.3 501-1,000 Kva

6.4 1,001-1,250 Kva

6.5 Above 1,250 Kva

7 Temporary Cooling Market, By Equipment

7.1 Introduction

7.2 Cooling Tower

7.3 Air Handling Unit (AHU)

7.4 Air Conditioner

7.5 Chiller

8 Temporary Power and Cooling Market, By Application

8.1 Introduction

8.2 Construction

8.3 Oil & Gas

8.4 Utilities

8.5 Real Estate & Data Center

8.6 Events

8.7 Marine

8.8 Military

8.9 Manufacturing

9 Temporary Power and Cooling Market, By Country

9.1 Introduction

9.2 Middle East

10 Competitive Landscape

10.1 Introduction

10.2 Ranking of Players & Market Structure

10.3 Competitive Scenario

11 Company Profiles

11.1 Aggreko

11.2 Rental Solutions & Services

11.3 Altaaqa

11.4 Cummins Arabia

11.5 Atlas Copco

11.6 Byrne Equipment Rental

11.7 Smart Energy Solutions

11.8 Al Faris Group

11.9 Andrews Sykes Climate Rental

11.10 Al Shola

11.11 Argonaut

11.12 Energyst Rental Solutions

11.13 Trane Rental Services

11.14 Flow Air & Power Solution

11.15 Johnson Controls

11.16 Geo Rental Solutions

11.17 Jassim Transport & Stevedoring Co.

For more information about this report visit https://www.researchandmarkets.com/research/dnxnv8/middle_eastern?w=4