Rental power industry to boom in 2011
Experts predict Middle East rental power companies to flourish in 2011
The Middle East’s rental power industry could grow by 20% in 2011, according to a global provider of rental power, temporary cooling and water desalination.
“The whole rental power industry worldwide will grow 30% by 2015 due to utilities, construction, events, oil and gas, military and emergencies,” said Robert Bagatsing, group marketing manager of Rental Solutions and Services. “Of this, the Middle East, Africa, South America and South Asia will have the biggest share among the geographic market."
According to Bagatsing, Iraq, Afghanistan, Saudi Arabia, UAE and Qatar will be the driving force in the rental power projects in the Middle East, their markets having the most opportunities for rental power companies.
He continued: “As the global economy is still devastated by the financial crisis, private power companies will still struggle to fund their permanent power plants. Therefore, there is still a high demand for rental power companies to fill in the gaps.”