North America Power Rental Market is Expected to Reach $2.63 billion in 2019 - New Report by MicroMarket Monitor
This market includes mainly diesel gensets, gas gensets, and other gensets, which comprise 64.6%, 25.2% and 10.2% of the market respectively.
Key players in the North America Power Rental Market are Aggreko Plc., United Rentals, Caterpillar Inc., Cummins Inc. & others.
The global construction – power rental market report defines and segments the concerned market with analysis and forecast of revenue. The market is estimated to grow from $1,044.2 million in 2014 to $1,854.7 million by 2019, at a CAGR of 12.2% from 2014 to 2019.
Browse through the TOC of the global construction – power rental market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
Construction is one of the important activities, necessary for building infrastructure in any country. Better infrastructure leads to the economic development of the region. A lot of construction activities are going on in developing countries of Asian and African region. The construction activities need power sources which are not easily available because of limited installed power generation capacities and the lack of power transmission facilities in these regions. The increasing power demand considering the ongoing construction activities is one of the factors that boost the power rental market.
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Construction activity requires temporary power, for operating various construction equipments. The power demand on construction site is of fluctuating nature. The permanent source of power can be a solution to the power requirement. However, this does not seem economically feasible due to huge capital expenditure and fluctuating and temporary nature of the power requirement in the construction industry. Power renting is economical as the companies do not have to indulge in huge capital investments. The construction companies can save the time and funds needed for maintenance of the power generating equipment, by renting the power generating equipment, instead of buying them. Hence, more and more construction companies are opting for the power renting services.
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The market is segmented and forecast on the basis of geography, which includes North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific.
This report includes market share and value chain analyses, along with the market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.
Browse through the market data tables, figures and detailed ToC on the “North America Power Rental Market”.
Europe Power Rental Market
The European Power Rental market was valued at $1.6 billion in 2014 and is projected to reach $2.9 billion by 2019 at CAGR of 11.9%.The European Power Rental market includes mainly Diesel Genset, Gas Genset, and Other Genset companies, that comprise 64.5%, 25.5%, and 10.3% of the market respectively.The European Power Rental market is applied in Peak Load, Base Load, and Standby.
Latin America Power Rental Market
The Latin America Power Rental market was valued at $1.3 billion in 2014 and is projected to reach $3.0 billion by 2019 at CAGR of 17.2%.The Latin American Power Rental market includes mainly Diesel Genset, Gas Genset, and Other Genset companies, that comprise 64.6%, 25.2%, and 10.2% of the market respectively.The Latin American Power Rental market is applied in Peak Load, Base Load, and Standby.
Asia-Pacific Power Rental Market
The Asia-Pacific Power Rental market was valued at $1.9 billion in 2014 and is projected to reach $4.3 billion by 2019 at CAGR of 17.6%. It is segmented on basis of types and applications.The Asia-Pacific Power Rental market can be segmented on basis of types such as Diesel, Gas and Other, that comprise 64.6%, 25.2%, and 10.2% of the market share respectively. The Asia-Pacific Power Rental market is applied in Peak Load, Base Load, and Standby.
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