Global Power Rental Market Market Intelligence & Future Trends 2017-2026

Global Power Rental Market was valued at USD XX Billion for the year 2018. Power Rental Market is further expected to grow at a CAGR of XX% from 2019 to reach USD XX Billion by the year 2026. North America region holds the highest market share in 2018. While European region is considered as the fastest growing market in the forecasted period. The U.S. is the major market in 2018 at country level and the UK is further anticipated to grow at a steady pace in the next 5 years.

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Key Market Players

Atlas Copco
United Rentals, Inc.
Caterpillar, Inc.
Cummins, Inc.
Kohler Co.
Aggreko, PLC
Power Electrics Bristol Limited
APR Energy, PLC
Rental Solutions & Services, LLC
Smart Energy Solutions
Hertz Equipment Rental Corporation
Soenergy International, Inc.
(Another brief information of 13 companies will be provided in the report)

Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.) Atlas Copco (Sweden) are some of the top players in the Power Rental Market with Caterpillar Inc. holding a substantial market share in 2018. Better global reach, both at an operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

Drivers:

Overconsumption of power from obsolete power plants

Restraints:

Strict emission rules for different regions

Opportunities:

Emerging smart cities and related projects in different countries

Challenges:

Reducing the demand-supply gap

The segmentation done on the basis of fuel type include Gas Generators, Diesel Generators and others of which the Diesel Generator segment is expected to hold the highest market share during the forecast period.

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The Gas Generator segment is expected to grow at the highest CAGR during the forecasted period.

Key Benefits for Stakeholders

Power Rental vendors
Research and Consulting organization
Government bodies
End-use industries
Regulatory bodies, policymakers and consumers.

By Fuel Type

Diesel Generators
Gas Generators
Others

By Industry Sector

Oil & Gas
Construction
Manufacturing
Shipping
Mining

By Application

Base Load
Stand-by Power
Peak Shaving

By Region

North America
Europe
Asia-Pacific
ROW

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Research Methodology:

Mnemonics Market Research follows in-depth Research Methodology focused on reducing deviation in the collected data. Mnemonics Market Research offers the most precise evaluations and projection for the market numbers. Mnemonics Market Research engages following Market Engineering techniques –

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.

Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.

Mnemonics Market Research has a well proven Statistical Modeling System for estimates and forecasts.

Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.

Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

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