openPR Logo
Press release

Power Rental Market: Competitive Landscape & Impact Analysis Of Drivers On Market Forecast by 2024

05-03-2019 03:16 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Power Rental Market: Competitive Landscape & Impact Analysis

The global power rental market is estimated to value $9,167.6 million in 2017 and is projected to witness a CAGR of 10.3% during the forecast period. Rising GDP and population of the world and increasing demand for power from emerging economies are some of the factors driving the market growth. Rental power is defined as temporary power generated by rental systems for meeting power requirements. They are generally used in industries that are often located remotely, without any access to permanent electricity. These power systems or generators are also used in situations of grid failure, power blackout, and disaster emergency.

Get a free sample copy of this report @ https://www.psmarketresearch.com/market-analysis/power-rental-market/report-sample

The power rental market has also been categorized into three power ratings: up to 50 kW, 51 kW–500 kW, and 501 kW–2,500 kW. Generators of power rating 51 kW–500 kW are estimated to contribute more than 45.0% share in the market in 2017. This can be attributed to their large-scale utilization in several residential and commercial applications.

Diesel and gas generator emissions are regulated by federal or state organizations. For instance, in the U.S., the Environmental Protection Agency (EPA) has made the Clean Air Act (CAA) for regulating air emissions from stationary or mobile sources. In India, the Ministry of Environment, Forest and Climate Change has made rules to regulate emissions from diesel engines. Diesel-based generators are a prominent source of air and noise pollution. Thus, stringent environmental regulations associated with diesel-based generators are expected to restrain the power rental market growth during the forecast period.

The Middle East & Africa (MEA) region has been the largest power rental market globally and is also anticipated to be the fastest-growing market in the coming years. Increasing demand for rental power in the oil and gas, events, construction, and mining sectors is driving the market growth in the region.

Browse a overview of this report @ https://www.psmarketresearch.com/market-analysis/power-rental-market

Gas-based generators are considered environment- and pocket-friendly, as they release less emissions and create negligible noise besides being more affordable as compared to traditional fuel-based generators. They are clean, reasonable, easily available, and sustainable. The aforementioned factors clearly indicate the growing popularity of gas and hybrid generators as sustainable sources of electricity for facilities devoid of power supply. Thus, companies and consumers are increasingly preferring hybrid generators over diesel generators.

Some of the major players operating in the global power rental market are Aggreko PLC, APR Energy, Caterpillar Inc., United Rentals Inc., Cummins Inc., Herc Holdings Inc., Atlas Copco AB, Ashtead Group PLC, Al Faris Group, and Quippo Infrastructure Equipment Limited.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Power Rental Market: Competitive Landscape & Impact Analysis Of Drivers On Market Forecast by 2024 here

News-ID: 1726919 • Views:

More Releases from P&S Intelligence

Remote Access Provided by Cloud Category Fuels Call Center AI Market
Remote Access Provided by Cloud Category Fuels Call Center AI Market
In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media. In order to pace up the 4th industrial revolution, businesses across various industries
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Market
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Marke …
The total value of the customer engagement solutions market was $18,186.8 million in 2021, and it will rise at a growth rate of above 10% in the near future, to reach $43,398.9 million by 2030. The major reasons behind the growth of this industry are growing usage of such solutions in serval industries like healthcare, telecommunications, BFSI and FMCG. North America will grow the fastest with a rate of 10.5% in
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Market
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Marke …
The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use. Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls
North America, the Largest Revenue Producer in Public Safety and Security Market
North America, the Largest Revenue Producer in Public Safety and Security Market
The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities

All 5 Releases


More Releases for Rental

Machinery Rental Market Growing Demand, Industry Growth And Scope with Outlook 2 …
Worldwide Market Reports provide important in-depth insights for the Machinery Rental Market In its recently released study. It includes global industry analysis, size, share, growth, trends, and forecast for 2022-2029. The market study for Machinery Rental has been created after careful consideration of the current trends in the industry. It provides a clear, fact-filled overview of the market definition. The research focuses on the market size for Machinery Rental, latest
Forklift Rental Market 2019 by Top Vendor Analysis-Kanoo Machinery, Peax Equipme …
The report Forklift Rental Market 2019 Research highlights key dynamics of Global Forklift Rental Industry sector. The report explicit the complete details covering product definition, product type, and application. The report covers helpful subtleties which are sorted dependent on generation region, major players, and item type which will give a simplified view on the business. The market report shows the competitive scenario of the major market players dependent
Forklift Rental Market to Witness Massive Growth| Kanoo Machinery, Peax Equipmen …
A latest survey on Global Forklift Rental Market is conducted covering various organizations of the industry from different geographies to come up with 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Forklift Rental market. The report bridges the historical data from
Cooling Tower Rental Market - Aggreko, Caterpillar, Trane, SPX Corporation, Unit …
Global Cooling Tower Rental Market Size, Status and Forecast 2022 provides Market information about top Key Players, Countries, Type and Application. This Industry report also states Company Profile, sales, Cooling Tower Rental Market revenue and price, market share, market growth and gross margin by regions. Top Key Players: Aggreko (U.S.) Caterpillar (U.S.) Trane (US) SPX Corporation (US) United Rental (US) Sunbelt rental (U.S.) Johnson Controls (U.S.) Enquiry for buying report @ https://goo.gl/9KaJwM Market segment by Regions/Countries, this report covers United
Global Forklift Rental Market 2017 - Byrne Equipment Rental, Kanoo Machinery, Pe …
The Report describe Forklift Rental Introduction, product scope, market overview, opportunities, risk, driving force also to analyze the top manufacturers, with sales, revenue, and price, market type and application, with sales market share and growth rate by type, application, from 2017 to 2022 The Forklift Rental report is offers a clear picture of the current and future trends, developments and opportunities. The report, prepared by a highly seasoned team of analysts
Global Forklift Rental Market Analysis, Demands & Trends 2022 - Kanoo Machinery, …
Qyresearchreports include new market research report "Global Forklift Rental Market Size, Status and Forecast 2022" to its huge collection of research reports. The global market for Forklift Rental market has been extensively analyzed in this report on the basis of the drivers, restraints, challenges, opportunities, this market faces. The study estimates the current size of the Forklift Rental market in as well as what it will be after the forecast period