Power Rental Market predicted to reach $21,672 million by 2019 with a projected CAGR of 15.1%
The report “Power Rental Market by End-User Industry, By Applications (Peak, Prime/Base & Standby), & Generator Types (Diesel & Gas Generator) – Global Trends & Forecasts (2012 – 2019) ” defines and segments the global power rental market with an analysis and forecast of the revenue. The power rental market will grow from an estimated $10,729 million in 2014 to $21,672 million by 2019 with a CAGR of 15.1% from 2014 to 2019.
Browse more than 102 Market Data Tables with 24 Figures spread through 235 Pages and in-depth TOC on “Power Rental Market – Global Market Trends & Forecast to 2019″
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The global power rental market is estimated to reach $21,672 million by 2019, with a projected CAGR of 15.1%, signifying a high demand in utilities and shipping end-use.
Generator power rentals are used for peak load, stand by and prime load applications. Generator power rentals are used in utilities, oil & gas, industrial, construction, quarrying and mining, events and mining end-uses. The increase in demand for power is driving the market for the power rental market. The increase in the number of investments from service provider companies, especially for utilities, oil & gas, construction and quarrying, and mining activities fuels the growth of the market. The major regions of the industry include Middle East, Asia-Pacific, Latin America, and Africa where most of the activities in utilities, oil & gas, and, quarrying and mining activities are taking place.
The Middle East: Largest market for power rental market
The Middle East holds the largest market for power rental with the most number of activities in the utilities, and construction end-uses in the Saudi Arabia, United Arab Emirates, and Qatar. This region has also seen a rise in investments for oil and gas, industrial, construction, and utilities activities from power rental operators in the Middle East, thus, boosting its global position.
Power rental market: Biggest market by type
The diesel generator type is the single largest power rental market type used across the globe and is suitable for all purposes. The power rental market is expected to witness maximum number of agreements and expansion activities for the forecasted period. The Middle East and Asia-Pacific are the major regions where the demand for power rental has boosted the market.
The global power rental market has witnessed a decent growth, based on the increasing demand for global energy, and the rise in the number of investments from service providers. The biggest markets for the global industry are the Middle East, Asia-Pacific, and Latin America, and Africa.
Aggreko Plc. (U.K.), APR Energy Plc. (U.S.), Ashtead Group Plc. (U.K.), Atlas Copco AB (Sweden), Bredenoord Exploitatiemij B.V. (The Netherlands), Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Speedy Hire Plc. (U.K.), The Hertz Corporation (U.S.), United Rentals (U.S.), are the major players that constitute a major share of the global power rental market.
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The report estimates the market size of submarkets for the power rental market and applications in the key markets of Asia-Pacific, the Middle East, Europe, North America, Latin America, and Africa. In addition to market forecasts, the report also highlights key opportunity areas for the relevant stakeholders analyzing trends, opportunities, drivers, and inhibitors for the market.
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