Power Rental Market Swot Analysis, Top Players Financial Overview, Analysis And Forecasts 2017 To 2023

Market Scenario:
Global Power Rental Market is predicted to grow at approximately 9.06% and market is expected to reach at USD 21,765.1million by 2023

The power rental is defined as renting of generator sets for the power generation and that runs on gas, diesel, or any other fuel. They are used in various industrial and commercial applications. In developing nations, the strong growth in economy and the population expansion have led to the increase in the consumption of power. Due to the development of the countries and the improvement in the standard of living, there is a higher demand for the energy consumptions. Hence, this will lead to growth in power rental market.

The report has analyzed the market based on the three segments: fuel type, application, and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of fuel type, global power rental market is segmented as diesel, gas and others. Diesel dominates the fuel type segment of the market. Diesel accounted for the largest market share of 72.10% in 2016, with a market value of USD 8,610.8 million. Diesel Generators are capable of handling any of additional power needs in a cost-effective manner and are ready to move on trucks on monthly/yearly rental basis.Gas was the second-largest market in 2016, valued at USD 2,639.4 million in 2016; it is projected to grow at a CAGR of 7.59%.

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Key Players:
The key players of global power rental market are
• Aggreko Plc. (U.K.),
• Caterpillar Inc. (U.S.),
• Cummins, Inc. (U.S.),
• Herc Rentals Inc. (U.S.),
• Speedy Hire Plc. (U.K.),
• Ashtead Group Plc. (U.K.),
• United Rentals, Inc. (U.S.),
• APR Energy (U.S.),
• Bredenoord Exploitatiemij B.V. (The Netherlands),
• L.M. Generating Power Co. Ltd. Ltd (Canada)
• others.

Market Research Analysis
On the basis of regions, the global power rental market is segmented as North America, Europe, Asia-Pacific and RoW. North America region dominates the global power rental market. North America accounted for the largest market share of 31.60% in 2016, with a market value of USD 3,773.9 million. Aging grid infrastructure and natural calamities, which causes frequent power outages and increasing demand industrial sector fuelling the growth of the market in the region.

Global Power Rental Market –Synopsis
One of the latest trends gaining traction in this market is the increase in the use of gas generators for rental power. It has been observed that there has been a significant shift towards gas generators over the last few years. This shift is primarily due to the fact that the use of gas produces cleaner power than diesel; it is more efficient and generates less noise than diesel generators. These advantages of gas generators are expected to propel the growth of the global power rental market in the recent future.

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Table of Content
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.4 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics
4.1 Drivers
4.1.1 Growth In Construction Sector
4.1.2 Increase In Power Consumption
4.1.3 Shortage Of Power Supply
4.2 Restraints
4.2.1 Stringent Government Regulations
4.2.2 Emission Regulations For Diesel Engines
4.3 Opportunities
4.3.1 Scope In The Developing Nations
4.3.2 Strong Growth In Power Generation
5 Market Factor Analysis
Continue………

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