Aggreko (UK) and Rental Solutions & Services (RSS) are the Major Players in the Middle Eastern Temporary Power and Cooling Market
The Middle Eastern temporary power market is projected to reach USD 1,102 million by 2023 at a CAGR of 12.12% from an estimated USD 622 million in 2018, whereas the Middle Eastern temporary cooling market is projected to reach USD 305 million by 2023 at a CAGR of 5.78% from an estimated USD 230 million in 2018. In 2018, both the temporary power and temporary cooling markets in Saudi Arabia are estimated to be the largest, followed by UAE. Factors such as a large number of events in the region, lesser turnaround time, and power shortage during high demand are driving the Middle Eastern temporary power and cooling market.
The Middle Eastern temporary power and cooling markets are dominated by a few major players that have a global presence. The leading players in the temporary power market include Aggreko (UK), RSS (UAE), Altaaqa (UAE), Cummins (Saudi Arabia), and Byrne (UAE). The leading players in the temporary cooling market include Aggreko (UK), Johnson Controls (Ireland), Geo Rental (UAE), RSS (UAE), and Argonaut (UAE).
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The major strategies adopted by the players include new product developments, contracts & agreements, investments & expansions, and mergers & acquisitions. Contracts & agreements were the most commonly adopted strategy from January 2015 to December 2018. Industry players also adopted new product launches, which were the second most widely followed strategy during the same period.
Aggreko is one of the leading players in providing power and temperature control solutions. The company operates through 2 divisions-power and rental. It offers temporary power and cooling solutions through its rental business segment. The company’s temporary power product line includes gas & diesel generators, transformers, and load banks; and temporary cooling product line includes air conditioners, air handlers, heat exchangers, chillers, and cooling towers. The company targets major end-users such as oil & gas, construction, events, facility management, food & beverage, mining, manufacturing, shipping, refining, mining, telecommunication, utility destruction, and utility generation. In September 2017, the company launched the world’s first diesel power generator certified for rental use in hazardous areas. This generator is ideal for use in oil & gas, petrochemical, refining, mining, and food & beverage industries.
Rental Solutions & Services (RSS) is a provider of temporary power, cooling, and water solutions in the Middle East. The company operates its business through 3 segments-power, cooling, and service. The company’s temporary power product line includes power generator, fuel tank, transformers, switchgear, and load bank. The company offers its product to major end users such as construction, events, oil & gas, facility management, food & beverage, mining, manufacturing, shipping, refining, mining, telecommunication, utility distribution, and utility generation. The company has a strong presence in the Middle East region. In August 2017, RSS invested USD 11 million in procuring more than 300 gensets. These gensets are designed for the rental sector with an output range of 60–500 kVA. RSS has deployed these equipment to projects located across Oman, Saudi Arabia, and the UAE.
Related Reports:
Middle Eastern Temporary Power and Cooling Market by Power Rating (Up To 500kVA, 501–1,000 kVA, 1,001–1,250 kVA, and Above 1,250 kVA), Equipment (Cooling Tower, AHU, Air Conditioner, Chiller), Application, and Region - Forecast to 2023
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