Power Rental Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2020(Trending Report)

Japan, Japan, Fri, 07 Jan 2022 04:39:07 / Comserve Inc. / -- The power rental market is defined as the revenue earned either through renting power generation equipment or from a temporary power plant. It is used during construction activities, contingencies, seasonal demands, and special events.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The power rental market is defined as the revenue earned either through renting power generation equipment or from a temporary power plant. It is used during construction activities, contingencies, seasonal demands, and special events.

One of the main factors for the Power rental market is power outages which are a short or long-term unavailability of power in a region or locality. According to the World Energy Outlook, in 2014, approximately 1.3 billion of the global population did not have access to electricity. This is one of the major drivers of the power rental market.

The power rental market report analyses all geographic regions, including North America, the Middle East, South America, Europe, Asia-Pacific and Africa as well as major countries – the U.S., Canada, Mexico, China, Australia, India, Japan, Brazil, Argentina, Chile, the U.K., Saudi Arabia, and UAE. It identifies major end-user industries and provides their power rental revenue estimates for all geographic regions and major countries. It also estimates the market by application, power rating, and generator type for regional markets.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Power Rental Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2020(Trending Report)

The report, on the basis of application, has been segmented into base load/continuous, standby, and peak shaving. It has also been categorized into construction, utilities, industrial sector, mining, oil & gas, events, shipping, and others, based on end-user. The report has been further analyzed on the basis of type of generator, namely diesel, natural gas, and others, and by power rating, which includes less than 100 kW, 101-350 kW, 351-750 kW, and more than 750 kW.

The rental power market suffered a setback in 2008 due to the economic crisis; however, it has received a substantial boost in recent years as new potential markets opened and recovery of mature markets boosted revenues. The power rental market was valued at $10.4 billion in 2014, and is projected to grow from $11.6 billion in 2015 to $21.3 billion by 2020, at a CAGR of 12.9% from 2015 to 2020, primarily due to the economic growth of developing countries where power demands will outpace permanent power capacities.

This report offers an assessment of the power rental market over the next five years. The rental companies provide a wide range of equipment and services to fulfil any temporary requirement for electricity. The demand for temporary power from utilities, quarrying and mining, events, and shipping are driving the market.

The power rental market in Asia-Pacific, the Middle East, and Africa are expected to increase substantially due to load shedding, power shortages, and unreliable grid stability. In 2014, North America held the largest market share, followed by the Middle East and Asia-Pacific. Middle East is expected to grow at a highest CAGR and will hold the largest market share by 2020. In terms of the end-user industry, utilities account for the maximum market share, followed by oil & gas and industrial applications.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-60729
The Final Report will cover the impact analysis of COVID-19 on this industry: Power Rental Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2020(Trending Report)

The U.K.-based Aggreko PLC. is the largest player of the power rental business, followed by APR Energy LLC. Both, Aggreko and APR Energy, are global players and hold a good market share. The major portion of their revenues comes from temporary power projects. These projects are built and operated by power rental companies and generated electricity is sold to the client. The charges depend on the duration in which a plant is built, generating capacity, and units (KWH) of electricity sold.

The other major players of the power rental market include Ashtead Group Plc. (U.K.), Caterpillar Inc. (U.S.), Power Electrics (U.K.), Speedy Hire (U.K.), Atlas Copco AB (Sweden), Bredenoord (The Netherlands), United Rentals (U.S.), Cummins Inc. (U.S.), Hertz Corporation (U.S.), Kohler (U.S.), So Energy International (U.S.), Smart Energy Solutions (UAE), and Rental Solutions and Services (UAE). This report also provides an analysis of each player in terms of company overview, financials, offered products and services, recent developments, and company strategy.

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED (SUB-SEGMENTS INCLUDING GEO SEGMENTATION) 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY & PRICING 19
1.5 LIMITATION 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22

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