Power Rental Market By Fuel Type (Diesel Generators, Gas Generators, Others), By Industry Sector (Oil & Gas, Construction, Manufacturing, Shipping) By Application (Base Load, Stand-by Power, Peak Shaving) - Global Opportunity Analysis and Industry Forecast, 2018-2023
Global Power Rental Market was valued at USD 13.29 Billion for the year 2017. Power Rental Market is further expected to grow at a CAGR of 8.22% from 2018 to reach USD 21.35 Billion by the year 2023.
North America region holds the highest market share in 2017. While European region is considered as the fastest growing market in the forecasted period.
U.S. is the major market in 2017 at country level and UK is further anticipated to grow at a steady pace in the next 5 years.
Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.) Atlas Copco (Sweden) are some of the top players in the Power Rental Market with Caterpillar Inc.
holding a substantial market share in 2017. Better global reach, both at operational level is the main reason for holding this market share.
Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
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Over consumption of power from obsolete power plants
Strict emission rules for different regions
Emerging smart cities and related projects in different countries
Reducing the demand-supply gap
The segmentation done on the basis of fuel type include Gas Generators, Diesel Generators and others of which the Diesel Generator segment is expected to hold the highest market share during the forecast period.
The Gas Generator segment is expected to grow at the highest CAGR during the forecasted period.
Key Benefits for Stakeholders
Power Rental vendors
Research and Consulting organization
End use industries
Regulatory bodies, policy makers and consumers.
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By Fuel Type
By Industry Sector
Oil & Gas
Key Market Players
United Rentals, Inc.
Power Electrics Bristol Limited
APR Energy, PLC
Rental Solutions & Services, LLC
Smart Energy Solutions
Hertz Equipment Rental Corporation
Soenergy International, Inc.
(Another brief information of 13 companies will provided in report)
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