Qatar rising! Doha forecast to become a top power rental market
Power rental market in Qatar is projected to grow at a CAGR of 23.3 per cent over the next six years
Increasing infrastructure development activities due to the upcoming Fifa World Cup 2022, rising transportation network, surging investments, rising 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, power rental market in Qatar is projected to grow at a CAGR 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 of rental equipment would be witnessed especially gensets in the country.
Construction and industrial application is expected to emerge as fastest growing application in Qatari market. The key developments in Qatar’s construction industry include - building 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, diesel genset rental market accounted for majority of the market share owing to ease of availability of these gensets, stated the report.
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, 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 overall Qatar power rental market by revenue, by generator types such as diesel and non-diesel generators.
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