Power Rental Market worth 21.25 Billion USD by 2021,registering a CAGR of 10.7%
This growth can be attributed to the lack of electricity supply, rise in construction and infrastructural activities, and increase in number of planned events, triggering an increasing demand for energy.
Seattle, United States – December 20, 2016 /MarketersMedia/ —
The report “Power Rental Market by Fuel (Diesel, Gas, Duel Fuel & HFO), Power Rating, End User (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping), Application (Peak Shaving, Base Load, Stand by), by Region – Global Trends & Forecast to 2021”, The global power rental market is projected to grow from an estimated USD 12.88 Billion in 2016 to USD 21.25 Billion by 2021, registering a CAGR of 10.7%. Factors such as lack of electricity access, aging T&D infrastructure and the rise in global construction and infrastructural activities are driving the global market for power rental solutions.
Browse 116 market data Tables and 54 Figures spread through 201 Pages and in-depth TOC on “Power Rental Market “
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Utilities-the key end-user of power rental market
Utilities are the major end-users of power rental solutions. In 2015, utilities constituted the largest segment of the power rental market, and accounted for the largest share of the total market. Increasing power demand, lack of grid stability & support and low electrification rates are the major driving factors of the power rental market in the utilities segment.
Stand by power segment expected to grow at the highest CAGR in the power rental market
The market on the basis of application has been segmented into standby, peak shaving, and base load/ continuous power. Rapidly growing demand for power across different industries is the primary growth driver of this segment.
North America to dominate the market for power rentals
In this report, the power rental market has been analyzed with respect to six regions namely, North America, Africa, Asia-Pacific, South America, Europe, and the Middle East. North America is estimated to dominate the market, owing to factors such as aging grid infrastructure and natural calamities, which causes frequent power outages. Furthermore, the construction and manufacturing industry is gradually recovering from the slowdown in 2016 and is also expected to drive the demand for rental power solutions.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the power rental market Aggreko PLC (U.K.), APR Energy Inc. (U.S.), Ashtead Group Plc (U.K.), Caterpillar Inc.(U.S.), Power Electrics (U.K.), Speedy Hire (U.S.), United Rentals (U.S.), Cummins Inc.(U.S.), Hertz Corporation(U.S.), Kohler (U.S.), Smart Energy Solutions (UAE), and Rental Solutions and Services (UAE), among others. Contracts & agreements was the strategy most commonly used by top players in the market, followed by, expansions, and other developments.These players are trying to penetrate developing economies and are adopting various methods to increase their market share.
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Target Audience:
• Engine/generator manufacturers, dealers, and suppliers
• Power grid infrastructure companies
• Transmission & distribution utilities
• Power rental companies
• Consulting companies in the energy and power sector
• Governments and research organizations
• Shareholders/investors
• Power plant project developers
• Renewable energy companies
• Consulting companies from the oil & gas sector
• Investment banks
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Regional Analysis
• Further breakdown of the African power rental market into Angola, and Mozambique, among others
• Further breakdown of the Asia-Pacific power rental market into Indonesia, South Korea, Malaysia, and Philippines, among others
• Further breakdown of the South American power rental market into Colombia, Venezuela and Peru, among others
• Further breakdown of the European power rental market into Sweden, Finland, and Kazakhstan, among others
• Further breakdown of the Middle East power rental market into Iraq, and Yemen, among others
Company Information
• Detailed analysis and profiling of additional market players (Up to 5)
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