The Middle Eastern temporary power and cooling market is projected to grow at a CAGR of 12.12% from 2018 to 2023. 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.
Saudi Arabia: The fastest growing Middle Eastern temporary power and cooling market.
Saudi Arabia is expected to be the largest and fastest Middle Eastern temporary power and cooling in 2023 and is projected to grow at the highest CAGR.Earlier, Saudi Arabia was mostly dependent on the oil & gas sector, but due to a drop in oil prices, it became a challenge for the country to maintain its economy.
Thus, in order to maintain its economy growth, the country primarily focuses on increasing the number of construction and event activities.The construction industry of the country is expected to grow with a number of upcoming projects in the transport, utilities, education, and healthcare sectors, among others.
Moreover, the government of Saudi Arabia plans to invest USD 293 million in major infrastructure projects across the country, which include 16,000 drainage connections to homes. Therefore, increasing focus on construction and event activities would drive the Saudi Arabian temporary power and cooling market.
Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: • By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15% • By Designation: C-Level- 40%, Director Level- 35%, and Others- 25% • By Region: Saudi Arabia- 40%, UAE- 21%, Oman- 15%, Bahrain- 13%, Kuwait- 11%, and Qatar- 12%
Note: Others includes product engineers, product specialists, and engineering leads. Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: The leading players in the Middle Eastern temporary power and cooling include Aggreko (UK), RSS (UAE), Altaaqa (UAE), Cummins (Saudi Arabia), Byrne (UAE), Johnson Controls (Ireland), Geo Rental (UAE), and Argonaut (UAE).
Research Coverage: The report defines, describes, and forecasts the Middle Eastern temporary power and cooling market by power rating, equipment, application, and country.It also offers a detailed qualitative and quantitative analysis of the market.
The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.It also covers various important aspects of the market.
These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the Middle Eastern temporary power and cooling market.
Key Benefits of Buying the Report The report will provide the leaders/new entrants in this market information on the closest approximations of the revenue numbers for the overall Middle Eastern temporary power and cooling market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Our reports have been used by over 10K customers, including:
The Global Testing, Inspection, and Certification market was valued at USD 200.16 billion in 2020, and it is expected to reach USD 286.2 billion by 2026, registering a CAGR of 6.4%, during the period of 2021-2026.? Owing to the significant outbreak of the COVID-19 pandemic across the world, the market witnessed a short-term decline in demand....
The market for dust control systems and suppression chemicals is valued at USD 12,350 million in 2020 and is expected to grow at a CAGR of more than 4% during the forecast period. Restrictions by governments in various countries due to the spread of COVID-19 have placed difficulties on mining companies operating in affected countries....
The offshore decommissioning market is projected to reach USD 8.0 billion by 2027 from an estimated USD 5.2 billion in 2021, at a CAGR of 7.4% during the forecast period. The factors driving the market include maturing oil & gas fields, low crude oil prices, and aging offshore infrastructure. Offshore decommissioning refers to ending oil &...
Global Construction Outlook to 2025 (Q3 2021 Update) Summary The global construction industry is rebounding at a rapid pace following the sharp decline in 2020, when construction activity slumped amid restrictions imposed globally to contain the spread of COVID-19. The analyst now expects the global...
The global Silane coupling agents market is estimated to be USD 1.2 billion in 2021 and is projected to reach USD 1.6 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. The growth is due to the growing demand from rubber & plastics, paints & coatings and other applications throughout the world. The rising demand from the automotive and...
The global building envelope adhesives & sealants market size will grow to USD 5.9 Billion by 2026 from USD 4.8 Billion in 2021, at a CAGR of 4.3% during the 2021-2026 period. The driving factor for the Building envelope adhesives & sealants market is the development of green buildings due to volatile and high energy prices, concerns...
The blowing agent market size is estimated to be USD 1.4 billion in 2021 and is projected to reach USD 1.9 billion by 2026, at a CAGR of 6.5%. The increasing polymeric foam application in industries such as packaging, automotive, building & construction, marine, transportation, appliances, bedding & furniture, and packaging industry is expected...
Global Hydrogen (Energy) Market Report, 2021 - Market Outlook, Trends, and Key Country Analysis Summary latest report "Global Hydrogen (Energy) Market Report, 2021 - Market Outlook, Trends, and Key Country Analysis" offers comprehensive information and understanding of the global hydrogen market....
The foam market size is estimated at USD 93.9 billion in 2021 and is projected to reach USD 118.9 billion by 2026, at a CAGR of 4.8% between 2021 and 2026. The market is propelled by the growth of various end-use industries. Increasing investments in infrastructure, new housing projects, and renovation of non-residential buildings in China,...
The power quality equipment market is projected to reach USD 46.1 billion by 2026 from an estimated USD 32.4 billion in 2021, at a CAGR of 7.3% during the forecast period. Enhancing power quality to reduce overall carbon footprint from electrical devices and maximizing cost and energy savings are the main drivers for the power quality equipment...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.