Press release
Advanced Technologies : Power Rental Market in Americas Grow at a CAGR of 3.40% by 2021
Rental power is used to meet peak load demands, base load supply, or is used as a standby. The need to provide uninterrupted power is a major factor driving the growth of the power rental market; as using power rentals is more economical than maintaining a reserve plant, the demand for rental power has risen over time. Power rental equipment provides essential support to businesses and consumers during power outages. Diesel and gas generators are common forms of this equipment. It can also be used as a base load or as a standby application, depending on industry needs.
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Technavios analysts forecast the power rental market in Americas to grow at a CAGR of 3.40% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the power rental market in Americas for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Technavio's report, Power Rental Market in Americas 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Aggreko
APR Energy
Atlas Copco
Energyst
United Rentals
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Other prominent vendors
Cummins
Doosan Portable Power
Generac Power Systems
Herc Rentals
HIMOINSA
JCB
Kohler
Multiquip
Sunbelt Rentals
Wacker Neuson
Market driver
Increasing need for backup power.
For a full, detailed list, view our report
Market challenge
Rise in distributed energy and microgrids to improve grid flexibility.
For a full, detailed list, view our report
Market trend
Shift in manufacturing base.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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