The
report regards high population growth and a mounting demand for
electricity in emerging economies as the two chief factors driving
the global power rental market.The report states that the marketplace
for power rentals is a globally established market. It had a net
worth of US$7.28 billion in 2012 and is expected to rise to US$20.64
billion by 2019, growing at an exemplary CAGR of 16.2% between 2013
and 2019.
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Power Rental Market Report with Full TOC at
http://www.transparencymarketresearch.com/power-rental-market.html
Other
than mounting energy demands, the factors of increased grid
instability and power spikes are the other chief factors leading to
an increased demand for reliable power rental setups across the
globe, especially from the industrialized sector. Rising awareness
about curtailing energy consumption during peak hours particularly in
energy-intensive industries is another key factor driving the global
power rental market. The global market for power rentals is also
expected to significantly benefit from increased demand from off-grid
regions.However, the market’s growth is also somewhat restrained
due to tightening regional regulations governing the usage of diesel
power generators due to their ill effects on the environment. This
issue can be overcome by the development of advanced power rental
systems, which presents a lucrative opportunity for market players.
Of
the various applications of the global power rental market analyzed
in the report, the market segment of continuous power held the
majority market share in 2012, followed by peak shaving and standby
applications. The market for peak shaving is expected to increase at
a CAGR of 16.8% over the report’s forecast.From a geographical
standpoint, the regional markets of the Middle East and Africa (MEA)
led the market by collectively accounting for more than 31% of the
overall market in 2012. Demand for power rentals in Asia Pacific
followed MEA in the same year, accounting for over 19% of the market.
While the Asia Pacific power rental market is expected to rise at a
CAGR of 16.8% over the report’s forecast, the power rental market
in the MEA region is projected to rise to US$6.87 billion by 2019.
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The
report presents a detailed financial profile of some of the key
vendors operating in the global market for power rental systems.
These include Rental Power Solutions, Rental Solutions & Services
(RSS), Perennial Technologies Private Ltd, Speedy Hire Plc, Worldwide
Power Products LLC, Power Electrics (Bristol) LIMITED, United
Rentals, Atlas Copco AB, APR Energy, Aggreko PLC, Ashtead Group,
PLC., Kohler. Co., Cummins, Inc., Energy International Inc, (IE), and
Hertz Corporation.
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research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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