Offers
a 360-degree view of the market. According to this report, the global
power rental market will soar at a 16.2% CAGR during the forecast
period from 2013 to 2019. In 2012, the global power rental market was
worth US$7.28 billion and by 2019, the market is expected to be worth
US$20.64 billion.The global power rental market is driven by the
rising grid instability due to the aging of conventional grids.
Furthermore, the alternating power spikes will also augment the
market’s growth. The global power rental market will also benefit
from the rising awareness about curtailing the energy demand during
peak hours. Other factors that will fuel the global power rental
market include the rising preference to renting power instead of
buying it.
Browse
Power Rental Market Report with Full TOC at
http://www.transparencymarketresearch.com/power-rental-market.html
On
the contrary, accelerating environmental concerns, along with limited
product differentiation, will suppress the global power rental
market. Moreover, the market will be challenged by the rising focus
of nations on renewable energy and payment issues in developing and
underdeveloped nations.Application-wise, the global power rental
market is segmented into peak shaving, standby, and continuous power.
The peak shaving market is expected to witness a CAGR of 16.8% during
the forecasting horizon. According to end use, the global power
rental market is divided into events, industrial, construction, oil,
gas, and mining, and government and utilities.
Geography-wise,
the global power rental market is segmented into North America, Asia
Pacific, Europe, and Rest of the World (RoW). In 2012, the Middle
East and Africa (MEA) market collectively held more than 31% of the
overall power rental market. Saudi Arabia in the MEA power rental
market is expected to demonstrate high growth in the coming years.
The expanding infrastructure, rising construction activities, and the
high demand for electricity in remote areas are together driving the
Saudi Arabia power rental market. Generators are either used for
prime or standby purposes in Saudi Arabia and are completely
dependent on grid connectivity.In the same year, the Asia Pacific
power rental market held a share of 19% in the global market. The
Asia Pacific power rental market is expected to grow at a CAGR of
16.8% during the forecasting horizon. The rising industrialization
and urbanization in Asia Pacific is expected to drive the demand for
power rental in this region.
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Players
in the global power rental market will benefit from the rising
applications of power rental in off-grid areas. In addition to this,
players will also benefit from the rising demand for power in the
Middle East and Africa and the high growth potential of Asia Pacific
countries. The key companies operating in the global power rental
market are Caterpillar, APR Energy, Aggreko, Atlas Copco, Ashtead
Group, Speedy Hire, Rental Power Solutions, Power Electronics, United
Rentals, and Worldwide Power Products.
Key
segments of the Global Power Rental Market
Power
Rental Market: Application Analysis
- Peak Shaving
- Continuous Power
- Standby
Power
Rental Systems Market: End User Analysis
- Government and Utilities
- Oil, Gas and Mining
- Construction
- Industrial
- Events
Power
Rental Market: Regional Analysis
- North America
- Europe
- Asia-Pacific
- Rest of World (RoW)
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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