The term “power rental” refers to the rental of generator sets for the purpose of generating electricity, which can run on gas, diesel, or any other fuel. However, the organisations who supply power rental equipment do not provide fuel, but they do give the necessary set-up to satisfy the power requirements. The expansion of the building industry, the rise in energy use, and the scarcity of electricity all contribute to the market’s expansion. Constraints on the power leasing sector include tight government controls and pollution requirements for diesel engines, both of which are detrimental to the market.
On the basis of fuel type, the power rental market may be divided into three categories: Diesel, Gas and other fuels. According to the findings of the study, diesel has the largest market share, although gas is predicted to increase at the quickest rate in the power rental industry. Diesel has dominated the market because of its fuel-efficiency, self-contained nature, ease of transportability, and cost-effectiveness. Leading rental power suppliers provide high quality gas-based generators for the pharmaceutical, biotechnology, and oil & gas industries.
According to the findings of the study, the rising potential in the growth of the power rental market comprises growth in developing economies, increase in living standards, and the expansion of the economy, as well as the expansion of urbanisation, which is propelling market growth.
The key players of power rental market includes Aggreko Plc. (U.K.), Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), Herc Rentals Inc. (U.S.), Speedy Hire Plc. (U.K.), Ashtead Group Plc. (U.K.), United Rentals, Inc. (U.S.), APR Energy (U.S.), Bredenoord Exploitatiemij B.V. (The Netherlands), L.M. Generating Power Co. Ltd. Ltd (Canada) and others.
To provide detailed analysis of the market structure along with forecast for the next ten years of the various segments and sub-segments included in global power rental market with analysis of its development and demand in the market
Upcoming opportunities, high growth geographies and countries were identified
Regional and country specific demand and forecast
Key segments covered in the report are: fuel type and application.
For all the regions, forecast demand for all applications were identified and then with historical figure, data collected through primary and annual reports were triangulated to derive the regional market size.
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Historical trend is identified to forecast and estimate the future value data
National/ State Government
Real Estate Developers
Research & consultant organization
IT Solution Providers
Networking Solution Providers
Telecom Service Providers
Transportation Service Providers
The estimation and forecasting of the power rental market at the regional and country level.
Power Rental Market is predicted to develop at a promising rate during the forecast period of 2017-2023, according to industry analysts. North America is expected to have the largest market in the Power Rental business, according to projections. Due to the ageing grid infrastructure and natural disasters, which result in frequent power outages and increased demand for electricity in industrial sectors, this industry is growing rapidly in the region. Over the projection period, the Asia Pacific region has tremendous development potential for the business. In recent years, as a result of increasing industrialization, emerging nations have made major contributions to the demand for power renting in the industrial sector.
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