Recent Business Report On Power Rental Market By Major Key Vendors 2017-2025
Power Rental is defined as power that is leased out for a specific amount of time and is governed by either a verbal or written agreement. Power rental is increasingly used in many industries, as it can supply immediate power such as for power outage in remote locations with no power networks. Benefits of power rental include – increased end-customer advantage, improved profitability, fuel management, fleet management, reliability, design integration and after sales support.
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1. Market Drivers
1.1 Obsolete permanent power plants
1.2 Rising demand for power
1.3 Obsolete T&D infrastructure
1.4 Growing demand for customized compressed air rental solutions
1.5 Emergence of next-generation air compressors
2. Market Restraints
2.1 Growing focus on renewable energy
2.2 Stringent emission regulations
2.3 Changing raw material prices
2.4 Payment issues in underdeveloped and developing nations
The Global Power Rental Market is segmented on the fuel type, application, power rating, end user, and region.
1. Fuel Type:
1.1 Gas Generators
1.2 Diesel Generators
2. By Application:
2.1 Standby Power
2.2 Base Load/Continuous Power
2.3 Peak Shaving
3. By Power Rating:
3.1 Up to 50 kW
3.2 51 kW–500 kW
3.3 501 kW–2,500 kW
3.4 Above 2,500 kW
4. By End User:
4.2 Oil & Gas
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Atlas Copco
2. United Rentals, Inc.
3. Wartsia Corporation
4. Caterpillar, Inc.
5. Aggreko, PLC
6. Kohler Co.
7. Hertz Equipment Rental Corporation
8. Soenergy International, Inc.
9. Generac Power Systems
10. Rental Solutions & Services, LLC
11. Power Electrics Bristol Limited
12. Bredenoord Exploitatiemij B.V.
13. Ashtead Group, PLC
14. Cummins, Inc.
15. APR Energy, PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Power Rental Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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