Increasing infrastructure development activities due to the upcoming Fifa World Cup 2022, expanding transportation network, surging investments, growing hospitality sector and changing economic reforms are anticipated to drive the growth of power rental business in Qatar.

According to 6Wresearch’s “Qatar Power Rental Market (2014-2020)” report, the power rental market in Qatar is projected to grow at a CAGR (compound annual growth rate) of 23.3 per cent over the next six years.

With more than $200 billion to be invested across various applications for the upcoming World Cup, tremendous growth is expected in the equipment rental sector especially with gensets in the country.

Construction and industrial application is expected to emerge as fastest growing sector in the Qatari market. The key developments in Qatar’s construction industry include the erection of nine new stadiums and renovation of three existing stadiums in addition to the Doha Metro Rail, establishment of Lusail City, expressways and addition of new hotels.

In Qatar’s power rental market, the diesel genset rental market accounted for the majority of the market share owing to ease of availability of these gensets, stated the report.

In the non-diesel genset rental market, gas-based gensets have accounted for the lion's share of the market revenues. Qatar, being a natural gas-rich country, is expected to show higher demand for gas powered gensets, stated the report.

The “Qatar Power Rental Market (2014–2020)” provides in-depth analysis and gives insights on competitive landscape, market trends, rental trends, company profiles, market drivers and restraints.

The report estimates and forecasts the overall Qatar power rental market by revenue, and by generator types such as diesel and non-diesel generators.-TradeArabia News Service