Saudi Arabia Power Rental Market (2015-2021) : Market Forecast
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- Date Submitted: 11/24/2015 02:48 AM
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Saudi Arabia presents the report on “Saudi Arabia Power Rental Market (2015-2021) : Market Forecast” (http://www.marketreportsonsaudiarabia.com/energy-utility-market-research-reports-2729/saudi-arabia-power-rental1.html) The report thoroughly covers the market by genset types, KVA rating types, applications and regions.
24 Nov, 2015, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Power Rental Market (2015-2021) : Market Forecast” The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
With plunging oil prices in the international market, impact on economies of many countries can be witnessed globally. However, this has not affected much to Saudi Arabia to restrict its investments in various construction projects. Although, effect on growth in investments can be recorded for the next 2-3 years, but due to country’s rich cash reserves, infrastructure development is anticipated especially in areas such as public infrastructure, utilities, healthcare, and education.
Saudi Arabia power rental market is projected to grow at a CAGR of 12.6% during 2015-21. Changing government policies, establishment of IT/ITeS sector and automotive manufacturing expansion, and growth in public infrastructure are fueling the market for power rental business in the country.
Amongst all applications, utilities, oil & gas and construction and industrial applications dominated the market, where major growth is exhibited in construction and industrial application during the forecast period. Also, being the fifth largest nation in global natural gas reserve, penetration of gas gensets on rent is expected to increase in the coming years.
“Saudi Arabia Power Rental Market (2015-2021)” provides in-depth analysis with 56 figures and 6 tables...
24 Nov, 2015, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Power Rental Market (2015-2021) : Market Forecast” The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
With plunging oil prices in the international market, impact on economies of many countries can be witnessed globally. However, this has not affected much to Saudi Arabia to restrict its investments in various construction projects. Although, effect on growth in investments can be recorded for the next 2-3 years, but due to country’s rich cash reserves, infrastructure development is anticipated especially in areas such as public infrastructure, utilities, healthcare, and education.
Saudi Arabia power rental market is projected to grow at a CAGR of 12.6% during 2015-21. Changing government policies, establishment of IT/ITeS sector and automotive manufacturing expansion, and growth in public infrastructure are fueling the market for power rental business in the country.
Amongst all applications, utilities, oil & gas and construction and industrial applications dominated the market, where major growth is exhibited in construction and industrial application during the forecast period. Also, being the fifth largest nation in global natural gas reserve, penetration of gas gensets on rent is expected to increase in the coming years.
“Saudi Arabia Power Rental Market (2015-2021)” provides in-depth analysis with 56 figures and 6 tables...