Power Rental Global Market 2018 | Industry Application, Trends, Sales Analysis, Demand, Supply, Revenue, Opportunities and Forecast To 2023

Market Highlights:-

The power rental is defined as renting of generator sets for the power generation and that runs on gas, diesel, or any other fuel. They are used in various industrial and commercial applications. Shortage of power supply, will ultimately increase in the use of power rental equipment. This will lead to the growth of this market. In India, the demand of electricity has always been more than the supply, which causes problems for many industries. To boost the development of power supply, the government of India has created many corporations such as State Electricity Boards (SEB), NTPC Limited, and NHPC limited. Even after this developments there is shortage of power supply in the country. Hence the use of power rental equipment is more. Additionally, many countries looking to develop their infrastructure, heavy investments have been made to boost the infrastructural activities globally. This also has the positive impact on the growth of the market. However, emission regulations for diesel engines, is the factor that may hamper the growth of market.

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.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/1226

Industry Top Key Players:-

The key players of global power rental market are 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.

Utilities dominate end-user segment of the global power rentals market:-

Based on end-user, the Power rental market has been segmented as oil & gas, utilities, shipping, manufacturing, mining, construction and others. Utilities dominate end-user segment of the global power rentals market. It accounted for the largest market share of 33.70% in 2016, with a market value of USD 4,024.7 million. Lack of electricity supply in the developing economies of Asia-Pacific & Africa and the aging power grid infrastructure in developed economies are some of the factors driving the demand of the power rental market in utility segment. Oil & & Gas was the second-largest market in 2016, valued at USD 2,699.1 million in 2016; it is projected to grow at a CAGR of 8.49%. Oil and gas drilling sites and oil rigs are located in remote areas where access to grid power is limited or non-existent. This is driving the need for rental power in the oil and gas industry.

Regional Analysis of Global Power Rental Market:

North America region dominates the global power rental market. North America accounted for the largest market share of 31.60% in 2016, with a market value of USD 3,773.9 million. Aging grid infrastructure and natural calamities, which causes frequent power outages and increasing demand industrial sector fuelling the growth of the market in the region. Asia-Pacific was the second-largest market in 2016, valued at USD 2,663.2 million in 2016; it is projected to grow at a CAGR of 8.98% during the forecast period.

Target Audience:

• Manufacturing Organizations.
• Distributors & Suppliers
• Government as well as Independent Regulatory Authorities
• Research Institute / Education Institute
• Potential Investors
• Renewable energy companies

Browse Complete Report @ https://www.marketresearchfuture.com/reports/power-rental-market-1226

Product Analysis:

• Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information:

• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators

Geographic Analysis:

• Geographical analysis across 15 countries

Company Information:

• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

This release was published on openPR.