New Report Available: Power Rental Market - Global Trends & Forecasts (2012 - 2019)
Recently published research from Markets and Markets, "Power Rental Market - Global Trends & Forecasts (2012 - 2019)", is now available at Fast Market Research
[USPRwire, Mon Apr 21 2014] Power Rental Market by End-User Industry, by Applications (Peak, Prime/Base & Standby) & Generator Types (Diesel & Gas Generator) - Global Trends & Forecasts (2012 - 2019)
The growing demand for power, lack of grid stability and support, events (unforeseen events and planned events), tendency to rent instead of buying, and insufficient generation capacity, especially in African countries, are acting as the drivers for the power rental market. This report estimates the market value of power rental in terms of revenue ($ Million). In terms of geography, the report is segmented into Asia-Pacific, the Middle East, Europe, North America, Latin America, and Africa. The power rental market is broadly divided on the basis of end-use, application, and generator types. With a huge market potential for utilities, construction, and oil & gas industry growing projects, the market is likely to witness remarkable growth in the coming years.
The report also tracks the recent strategic activities of market players such as new product launches, expansions, agreements, and mergers & acquisitions.
FIGURE 1
POWER RENTAL MARKET SIZE,
2014-2019 ($MILLION)
Source: MarketsandMarkets Analysis
The above figure shows the trend of the power rental market value of 2014 and 2019. The power rental market is growing at a CAGR of 15.1% from 2014 to 2019. The Middle East region is the fastest-growing power rental market. Also, the power rental market in the Middle East dominated the same in the year 2012. The other regions are growing with a lower CAGR as compared to the Middle East region.
The companies occupying significant market share are Aggreko Plc. (U.K.), APR Energy Plc. (U.S.), The Hertz Corporation (U.S.), and Bredenoord Exploitatiemij B.V. (The Netherlands). Existing dominant players are leveraging their agreements and expansion activities to increase the market dominance. Top four players in the power rental industry held a market share of around 60% signifying the participation of a large number of players in this market. Also, the market is too fragmented having numerous regional players in the power rental market.
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