Press release
Power Rental Market – A comprehensive study by key players: Aggreko, Caterpillar, Atlas Copcoo
Power Rental Market
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Summary
Industry Background:
Power rental system is an electrical back-up system which provides continuous power generation by the generator, load banks, transformer, and others. Power rental system run on natural gas, liquid propane gas, diesel, and other fuels. Power rental system is used in numerous industries such as oil & gas, events, construction, mining, and others. For instance, utility companies use rental generators during peak demand period, and manufacturing companies use diesel generators for continuous power generation. The increasing demand for power rental system from developing countries expected to drive the market over the forecasted period. According to HTF MI, the market for Power Rental is expected to register a CAGR of 8.65% during the forecast period to 2024. This growth is primarily driven by Increasing Demand for Power Rental Systems for Emerging Economies and Technological Development in the Air Compressors.
Globally, a noticeable market trend is evident Emphasizing On Customized Compressed Air Rental Solution . Major Manufacturers, such as Aggreko (United Kingdom), Caterpillar (United States), United Rental (United States), Atlas Copco (Sweden), Cummins (United States), Ashtead Group (United Kingdom), SEL (United States), APR Energy (United States), Kohler (United States), Rental Solutions & Services (United Arab Emirates), HERC (United States) and Generac Power Systems (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
2nd February 2019, Dubai-based Power Rental Company, Altaaqa Global Energy Services a global provider of rental power services rebrand to Altaaqa Global Energy Services. and 29th August 2018, Airedale provider of the Cooling solution such as precision air conditioning, IT cooling solutions and other signs rental deal with Aggreko, a supplier of temporary power generation equipment. This will enable customers Airedale’s to use the fleet of power generation and temperature control solutions of Aggreko.
Market Drivers
• Increasing Demand for Power Rental Systems for Emerging Economies
• Technological Development in the Air Compressors
Market Trend
• Emphasizing On Customized Compressed Air Rental Solution
• Increasing Demand for Diesel Generators from the Manufacturing Sector
Restraints
• Fluctuating Raw Material Prizes
• Stringent Government Emission Regulations
Opportunities
Increasing Demand for Natural Gas Generators and Development in Obsolete Permanent Power Plants
Challenges
Reducing Pollution from Power Rental System
HTF MI follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analysis the products and services offered by multiple players competing to increase their market share and presence.
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Strategic Points Covered in Table of Content of Global Power Rental Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Power Rental Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the Global Power Rental Market Insights by Application, Product Type, Competitive Landscape & Regi
....Continued
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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