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Power Rental Market Research Report by Technology, Application & Geography – Analysis & Forecast to 2024
Explore Full Report Description At: https://www.vynzresearch.com/energy-power/power-rental-market
The major factor pertaining towards the growth of global power rental market is the extensive demand for power and accessibility of innovative compressed air rental solutions. Extensive industrial movement and introduction of several macroeconomic factors is extensively contributing towards power demand. Moreover, the major advantage involved with renting power equipment includes abandoning upfront outlay, tax savings, upgraded technology, reducing burden on balance sheet and evading transportation and storage cost. However, the manifestation of stringent regulations along with rising environmental awareness is expected to hamper the market growth in the near future.
On the basis of fuel type, the global power rental market is segmented into diesel generators, gas generators and others. In 2017, gas generators segment is anticipated to be the fastest growing power rental market, by fuel type. Gas generators can be found in variety of sizes that ranges from portable to industrial and works preciously well on natural gas.
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Geographically, North America dominated the global power rental market and accounted for approax 30.0% of total revenue in 2017. The growth is mainly accredited towards increasing construction and progressive actions in this region. Asia-Pacific holds enormous prospective for the industrial growth during the forecast period. According to a recent study, it has been observed that developing economies such as Brazil, India and Saudi Arabia have been extensively fulfilling demand for power rental in industrialized segment owing to robust growth in industrialization.
Key players in the global power rental market includes APR Energy, Aggreko PLC, United Rentals Inc., Herc Holdings Inc., Caterpillar Inc., Quippo Infrastructure Equipment Limited., Ashtead Group PLC, Atlas Copco AB, Al Faris Group, and Cummins Inc..
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