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According to the latest report by MarkNtel Advisors, titled “UAE Power Rental Market By Type (Diesel Generator, Gas Generator), By Capacity (Up to 100 KVA, 1 KVA-350 KVA, 1-750 KVA, 1-1000KVA, Above 1000 KVA), By Application (Power Utilities, Oil & Gas, Construction, Mining, Others), The UAE Power Rental Market is expected to grow at a CAGR of around 6.24% during the forecast period, i.e., 2023-28. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2022
Forecast Period: 2023-28
Historical Data: 2018-21
CAGR (2023-2028): 6.24%
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Rising Focus on Sustainable Energy Solutions and the Shift Toward Renewable Energy Sources - With increasing environmental concerns, energy diversification, and the desire to reduce carbon emissions, the UAE government has been actively promoting renewable energy projects, including solar & wind power installations, which gradually is declining the demand for conventional power rental services powered by fossil fuels. The country has implemented stringent environmental regulations to mitigate the impact of traditional power sources on the environment in order to reduce emissions & promote cleaner energy solutions.
Adherence to these regulations is gradually posing challenges for power rental companies that rely on emission-producing diesel generators. Hence, the need to meet emission standards and obtain necessary permits can create additional costs and challenges for the growth of the power rental market in the UAE over the coming years.
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-By Type
Of both, Diesel Generators acquired the largest market share in recent years. It owes principally to the rapidly growing demand for power rental services across the off-grid & remote areas in the country entwined with the growing ease of access to fuel.
-By Application
Here, the construction application holds a prominent market share, mainly due to the increasing government focus on infrastructure developments, i.e., leading to extensive construction of airports, highways, roads, hotels, shopping complexes, residential buildings, etc., and, in turn, propelling the demand for power rental services for uninterrupted energy supply required in these operations.
-By Capacity
-By Region
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UAE Power Rental Market Share UAE Power Rental Market Trends UAE Power Rental Market Growth
