Power Rental Market 2019 Industry Analysis, Company Profile, Competitive Landscape, Key Country Analysis, Opportunities and Regional Forecast To 2023
Global Power Rental Market Information by Fuel Type (Diesel, Gas and Others), by Application (Base Load, Stand by Power, and Peak Shaving), by End-User (Oil & Gas, Utilities, Shipping, Manufacturing, Mining, Construction and Others) and by Region – Forecast to 2023
Pune, India – February 28, 2019 /MarketersMedia/ —
Global power rental market is projected to reach USD 21,765.1 million by 2023, at a CAGR of 9.06% from 2017 to 2023. The most important factor for the global power rental market growth is increasing the use of rented generators in various industrial and commercial applications. Other factors that favour market growth include a shortage of power supply and an increase in the use of power rental equipment.
Observing the market structure, this report evaluates the future growth potential of the market. It inspects the strategies of the key players in the market and reflects the competitive developments like joint ventures, mergers & acquisitions, new product developments, research and developments (R&D) in the market. This report also encompasses insights on the major countries/regions in which this industry is flourishing. It features the list and description of untapped regions which could be the potential markets in the future.
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Key Players
The key players in the global power rental market include Aggreko PLC (UK), APR Energy (USA), Ashtead Group PLC (UK), Bredenoord Exploitatiemij B.V. (The Netherlands), Caterpillar Inc. (USA), Cummins, Inc. (USA), Herc Rentals Inc. (USA), L.M. Generating Power Co. Ltd. Ltd (Canada), Speedy Hire Plc. (UK), and United Rentals Inc. (USA).
Latest Industry News
Altaaqa Global Caterpillar Rental Power, temporary power services specialist, will now, be known as Altaaqa Global Energy Services. They are set to venture into various activities beyond the power rental business. 3 FEB 2019
Leading Australian equipment hire leader Kennards Hire has acquired the specialist temporary power rental company Power Distribution Rentals (PDR). 25 OCT 2018
Power Rental Market Segments Analysis:
The global power rental market has been segmented on the basis of application, end-user, and fuel type, lastly, regions.
The application-based segmentation segments this market into the base load, peak shaving, and stand by power.
Based on end-user, the market has been segmented into construction, manufacturing, mining, oil & gas, shipping, utilities, and others.
By fuel type, the market has been segmented into diesel, gas, and others.
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Power Rental Market Regional Analysis:
The regional segmentation of the global power rental market segments the market into the regional markets namely Asia Pacific, Europe, North America, and rest of the world (RoW). North America holds the greatest market share in the global market. The key factor leading to market growth in this region include frequent power outages caused by aging grid infrastructure and natural calamities. Other important factors leading to market growth are increasing demand for rented generators by the industrial sector and the presence of various key market players in this region. The relevant country-specific markets in this region are the USA and Canada.
During the forecast period, the Asia Pacific market is expected to grow at 8.98% CAGR. In this region, factors helping the market include the continued growth of constructional and developmental activities. Another factor supporting market growth is the rapid increase in the demand-supply gap of electric power in emerging economies like China and India. Another critical country-specific market in this region is Japan, followed by remaining countries of the Asia Pacific region.
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Target Audience:
Manufacturing Organizations.
Distributors & Suppliers
Government as well as Independent Regulatory Authorities
Research Institute / Education Institute
Potential Investors
Renewable energy companies
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