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Generator Rental Market for Oil and Gas Industry estimated to grow at a CAGR of 3.53% during 2017-2021

02-22-2018 05:36 AM CET | Energy & Environment

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Rental power is used to meet peak load demand, base load supply, or as a standby. The need to provide uninterrupted power is a major factor driving the growth of the power rental market. This is because using power rentals is more economical than maintaining a reserve plant, the demand for rental power has risen over time.

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This market research analysis identifies the constant demand for oil and gas as one of the primary growth factors for this market. Despite the decrease in crude oil prices, there is a rise in demand for oil and gas around the world. This will increase the need for oil and gas production and exploration activities, in turn, boosting the demand for rental generators from the oil and gas industry. The decline of easy oil across the globe will lead to increased investments from the oil and gas companies towards enhancing the efficiency of their exploration activities, which will consequently drive the growth of the market.

Key vendors
-Aggreko
-APR Energy
-Atlas Copco
-Energyst
-United Rentals

Other prominent vendors
-Altaaqa Global
-Ashtead Group
-Byrne Equipment Rental
-Cummins Power
-Doosan Portable Power
-Hertz Equipment Rental
-Kohler Power
-Sumberdaya Sewatama

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Market driver
-Constant demand for oil and gas

Market challenge
-Increase in alternate energy source

Market trend
-Increase in oil and gas upstream investments

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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