Global Power Rental Market Research Key Players, Industry Overview, Supply Chain And Analysis


The featured report from Transparency Market Research, titled “Power Rental Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2019”, offers a 360-degree view of the market. According to this report, the global power rental market will soar at a 16.2% CAGR during the forecast period from 2013 to 2019. In 2012, the global power rental market was worth US$7.28 billion and by 2019, the market is expected to be worth US$20.64 billion.


The global power rental market is driven by the rising grid instability due to the aging of conventional grids. Furthermore, the alternating power spikes will also augment the market’s growth. The global power rental market will also benefit from the rising awareness about curtailing the energy demand during peak hours. Other factors that will fuel the global power rental market include the rising preference to renting power instead of buying it.

On the contrary, accelerating environmental concerns, along with limited product differentiation, will suppress the global power rental market. Moreover, the market will be challenged by the rising focus of nations on renewable energy and payment issues in developing and underdeveloped nations.Application-wise, the global power rental market is segmented into peak shaving, standby, and continuous power. The peak shaving market is expected to witness a CAGR of 16.8% during the forecasting horizon. According to end use, the global power rental market is divided into events, industrial, construction, oil, gas, and mining, and government and utilities.

Geography-wise, the global power rental market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). In 2012, the Middle East and Africa (MEA) market collectively held more than 31% of the overall power rental market. Saudi Arabia in the MEA power rental market is expected to demonstrate high growth in the coming years. The expanding infrastructure, rising construction activities, and the high demand for electricity in remote areas are together driving the Saudi Arabia power rental market. Generators are either used for prime or standby purposes in Saudi Arabia and are completely dependent on grid connectivity.In the same year, the Asia Pacific power rental market held a share of 19% in the global market. The Asia Pacific power rental market is expected to grow at a CAGR of 16.8% during the forecasting horizon. The rising industrialization and urbanization in Asia Pacific is expected to drive the demand for power rental in this region.


Players in the global power rental market will benefit from the rising applications of power rental in off-grid areas. In addition to this, players will also benefit from the rising demand for power in the Middle East and Africa and the high growth potential of Asia Pacific countries. The key companies operating in the global power rental market are Caterpillar, APR Energy, Aggreko, Atlas Copco, Ashtead Group, Speedy Hire, Rental Power Solutions, Power Electronics, United Rentals, and Worldwide Power Products.

Comments

Post a Comment

Popular posts from this blog

Greenhouse Film Market to Grow at 8.1% CAGR Thanks to Rising Demand for Quality Food Crops

The  global greenhouse film market  depicts the existence of a fairly emerging market that is expected to become consolidated in the near future, says Transparency Market Research on the basis of a recently published report. Such consolidation is mainly expected to be the result of innumerable mergers and acquisitions between key players in this sector. Moreover, the competition is expected to get tougher with the entry of new players on a regular basis in the global greenhouse film market. Berry Global Group, Inc., RPC BPI Group, BASF SE, Barbier Group, Plastika Kritis S.A., and RKW Hyplast NV, are key players operating in the global greenhouse film market. Most players intend to improve the quality of their respective products as a chief strategy to outshine their rivals. Other schemes wherein an extensive focus has been imparted by most companies involve product differentiation, expansion of product portfolio, and increasing geographical reach. Regulating costs of green...
Read more

Nitro Compound Fertilizers Market Major Advancements & Global Industry Analysis

Nitro Compound Fertilizers  Market: Overview Compound fertilizers contain multiple nutrients in each individual granule. They differ from a blend of fertilizers mixed together to achieve a desired average nutrient composition. It helps farmers to spread compound fertilizers so that each granule delivers a mixture of nutrients as it dissolves in the soil and eliminates the potential for segregation of nutrient sources during transport or application. Multiple-nutrient granules of compound fertilizers also help achieve uniform distribution of micronutrients throughout the root zone. Nitro compound fertilizers are products that contain rich nitrite nitrogen and ammonium nitrogen, which are easily absorbed by plants at high rates. In nitro compound fertilizers, the ammonium nitrogen provides sustainable nutrition to plants to support their rapid growth and strengthen the roots through photosynthesis. Read More Overview @  https://www.transparencymarketresearch.com/nitro-co...
Read more

Global Thermocouple alloys Market | | Progressive Growth In Upcoming Year

Thermocouple consists of two dissimilar metals which are joined to form electrical junctions at differing temperatures and produce electric current. . When selecting thermocoupling alloys, it is important to keep in mind the application temperature range, environment, accuracy required and length of service. Thermocouples are a widely used type of temperature sensor. Commercial thermocouples are inexpensive, interchangeable, are supplied with standard connectors, and can measure a wide range of temperatures. In contrast to most other methods of temperature measurement, thermocouples are self-powered and require no external form of excitation. The main limitation with thermocouples is accuracy; system errors of less than one degree Celsius (°C) can be difficult to achieve. Thermocouples are widely used in science and industry. Applications include temperature measurement for kilns, gas turbine exhaust, diesel engines, and other industrial processes. Thermocouples are also use...
Read more