Increasing infrastructure work due to the upcoming Fifa World Cup 2022 as well as rising transportation network and surging investments will drive the power rental market in Qatar to grow at a CAGR (compound annual growth rate) of 23.3 per cent during 2014-20, a report said.

With more than $200 billion to be invested across various applications for the upcoming World Cup, tremendous growth of rental equipment would be witnessed especially gensets in the country, added the report entitled “Qatar Power Rental Market (2014-2020)” by 6Wresearch, a global market research and consulting firm specialising in niche and emerging markets.

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

In Qatar’s power rental market, diesel genset rental accounted for the majority of the  share owing to the ease of availability of these gensets. In non-diesel genset rental market, gas-based gensets have accounted for majority of the market revenues. Qatar, being natural gas rich country would exhibit higher growth for gas-powered gensets.

In Qatar, gensets with rating 100.1KVA-350KVA and 350.1KVA-750KVA lead due to their extensive usage across various applications. RSS, JTC, Byrne Investments, Hertz, Aggreko, Qatar Building Company, Al Reyami, and Qatari Industrial Equipment are the key players of the market.

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

The report also gives insights on the competitive landscape, market trends, rental trends, company profiles, market drivers and restraints. – TradeArabia News Service