Trends in Power Generator Rental Market Estimated to be Growing at a CAGR of 8.3%, with Leading Key Players United Rentals, Sunbelt, Reddy Generators, China Engineers Limited, Caterpillar, Atlas Copco AB

Market Highlights:
According to Market Prognosis, the Global Power Generator Rental market is expected to grow at a CAGR of 8.3% during the forecast period. Rising electricity demand along with increased power outages and growing demand for natural gas generators are some of the key factors propelling the market growth. However, delays in the installation of new capacities mainly due to the capital constraints are hampering the market growth.

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In Power generator rental, generator is available on rental basis for power generation purposes. Power is a vital component for the enhancement of any country and plays a essential role in improvement of the society. It is relatively viable option for generation of electric power in cases of power failure or in case of extreme demand for power. It provides an extensive range of power demands whether from a single house, society or from a major event.

Top Industry Players:
Some of the key players in Global Power Generator Rental market include United Rentals, Inc., Sunbelt, Reddy Generators, China Engineers Limited, Caterpillar Inc., Atlas Copco AB., Kohler Co., APR Energy, Cummins Inc. and Aggreko PLC.

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Market Segments:
Amongst Fuel Type, diesel generator segment held considerable market share during the forecast period for mining industry. Factors such as the increased capability to store power at the mining sites and ease of fuel availability will contribute to the development of this industry segment in the future.
By geography, Asia Pacific is anticipated to dominate the Power Generator Rental market throughout the forecast period due to growing need for mined products rising from industries such as steel, construction, chemicals and electrical utilities will boost the growth of this market.
Fuel Types Covered:
• Natural Gas
• Diesel
• Other Fuel types
Power Ratings Covered:
• Up to 100 KVA
• 101- 500 KVA
• 501- 1000 KVA
• Above 1000 KVA
End-Users Covered:
• Manufacturing
• Construction
• Mining
• Shipping
• Oil & Gas
• Utilities
• Events
• Other End Users

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This release was published on openPR.