Saudi Arabia Temporary Power Market is expected to grow at a robust CAGR

Saudi Arabia Temporary Power Market is expected to grow owing to industries expanding and new manufacturing facilities being established throughout the forecast period.

 

According to TechSci Research report, “Saudi Arabia Temporary Power Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the Saudi Arabia Temporary Power Market is expected to register robust growth during the forecast period. Saudi Arabia is currently experiencing a substantial construction boom, marked by a multitude of infrastructure projects, commercial developments, and residential communities sprouting up nationwide. The execution of these construction activities necessitates dependable and often scalable power sources throughout different stages of development, including site preparation, construction, and commissioning. Swiftly meeting these energy requirements is imperative, and temporary power solutions such as rental generators and mobile power plants play a crucial role in achieving this objective.

The Kingdom's steadfast dedication to diversifying its energy mix and expanding renewable energy capacity presents lucrative opportunities for temporary power providers. Renewable energy initiatives frequently necessitate backup power solutions to guarantee uninterrupted supply, particularly with intermittent sources such as solar and wind. Companies that offer hybrid power solutions, integrating renewables with temporary power generation, are poised to effectively address this demand.

 

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Based on fuel type, the Diesel Generator segment is expected to dominate the market during the forecast period. Saudi Arabia's challenging climatic conditions, characterized by scorching summers and intermittent sandstorms, necessitate robust power solutions. Diesel generators are highly suitable for operating in adverse weather conditions, making them invaluable for ensuring power stability. In the vast and sparsely populated regions of Saudi Arabia, especially those without access to the main power grid, diesel generators are essential for providing electricity. These generators are deployed to support a wide range of activities, from remote industrial operations to powering rural communities. Saudi Arabia's ambitious infrastructure development projects, encompassing the construction of new cities, transportation networks, and entertainment complexes, often require temporary power solutions. Diesel generators are commonly employed to provide power during the construction and operation phases of these projects. By leveraging digital technologies for remote monitoring and predictive maintenance, the performance and reliability of diesel generators can be enhanced, resulting in reduced operational costs and minimized downtime. Furthermore, diesel generators play a crucial role in emergency response and disaster recovery efforts. The ability to swiftly deploy and operate generators during crises presents an ongoing market opportunity.

Based on end-user, the Utilities segment is projected to dominate the market throughout the forecast period. The Kingdom's dedication to infrastructure development, including the expansion of power generation capacity and distribution networks, necessitates the use of temporary power solutions during construction and commissioning phases. Utilities often rely on rental generators to ensure uninterrupted operations while new power plants and transmission lines are being constructed. Utilities must be prepared to address unforeseen power outages resulting from various factors such as natural disasters, equipment failures, and grid disturbances. Temporary power providers play a crucial role in facilitating rapid deployment during emergencies, ensuring prompt restoration of essential services. As Saudi Arabia extends its power grid to remote and rural areas, temporary power solutions become indispensable in providing electricity during the initial phases of grid expansion. Diesel generators and other temporary power assets are commonly deployed to electrify areas that were previously off-grid. Leveraging digital technologies for remote monitoring and control of temporary power assets can enhance utilities' ability to respond to grid disturbances and optimize equipment performance. By establishing partnerships with reliable temporary power providers, utilities can enhance their emergency response capabilities. Prearranged agreements for rapid deployment during emergencies can greatly improve overall grid resilience.

Key market players in the Saudi Arabia Temporary Power Market are: -

• Aggreko
• Altaaqa Globa
• Cummins Arabia
• Rental Solutions & Services (RSS)
• Saudi Diesel Equipment Company (SDEC)
• Makka Al-Mukarama Generator Works
• Saudi Arabian Parsons Limited (SAPL)
• Olayan Financing Company (OFC)
• Zahid Group
• Atlas Copco

 

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“The Saudi Arabia Temporary Power Market in Riyadh is poised to be the dominant force in the industry. Riyadh's dedication to renewable energy creates avenues for temporary power providers to offer hybrid solutions that seamlessly integrate renewable sources with backup generators, guaranteeing a consistent power supply. Incorporating energy storage systems into temporary power setups can offer grid support and improve the reliability of power delivery in Riyadh, especially during periods of high demand.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Temporary Power Market Segmented By Fuel Type (Diesel Generator, Gas Generator and Others), By Power Rating (Less Than 80 Kw, 81 Kw–280 Kw, 281 Kw–600 Kw and Above 600 Kw), By End-User (Utilities, Events, Oil & Gas, Construction, Mining, Manufacturing and Others), By Region, and By Competition, 2018-2028F,” has evaluated the future growth potential of Saudi Arabia Temporary Power Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Temporary Power Market.

 

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