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Power Rental Market To Surge At A CAGR 10.7% from 2016 to 2021 and reach USD 21.25 Billion According To New Research Report

The global power rental market is projected to reach USD 21.25 Billion by 2021, growing at a CAGR of 10.7% from 2016 to 2021. This growth can be attributed to the lack of electricity supply, rise in construction and infrastructural activities, and increase in number of planned events, triggering an increasing demand for energy.

The report segments the power rental market on the basis of end-users into utilities, oil & gas, events, construction, mining, manufacturing, shipping, others (military and telecommunications). The utilities segment recorded the largest market size in 2015. The growth can be attributed to aging power grid infrastructure in the developed economies, followed by lack of electricity supply in the developing economies of the Asia-Pacific and African regions. Poor grid infrastructure causes frequent blackouts giving rise to the need for rental power. The oil & gas industry held the second largest market share. Growing industrialization and rising demand for continuous power supply by these industries are expected to drive the power rental market from 2016 to 2021.

“Power rental market projected to grow at a CAGR of 10.7% from 2016 to 2021”

The power rental market is projected to reach USD 21.25 billion by 2021, growing at a CAGR of 10.7% during the forecast period. Developing economies such as India, Brazil, South Africa, and Argentina face a shortage of electricity due to lack of permanent power capacity, thereby triggering the demand for power rentals. Failure to predict future electricity demand and the inability to finance major capital projects have also created a market for power rental solutions.

Complete report on Power Rental Market spread across 201 pages, profiling 15 companies and supported with 116 tables and 54 figures is now available at http://www.rnrmarketresearch.com/power-rental-market-by-fuel-diesel-gas-duel-fuel-hfo-power-rating-end-user-utilities-oil-gas-events-construction-mining-manufacturing-shipping-application-peak-shaving-base-load-stand-by-by-r-st-to-2021-market-report.html

“Diesel Generators account for a large share of the power rental market”
In terms of market, by fuel type, diesel generators accounted for the largest share of the power rental market in 2015. Energy demand from developing countries has rapidly grown over the past decade. Increasing power demand unmet by existing grid infrastructure has resulted in frequent power outages and blackouts. For industries and the commercial sector, these power outages can be extremely costly. Diesel generators supply power to industries, the commercial and residential sectors during power cuts and prevent discontinuity in operations. Increasing need for continuous power supply and increase in number of planned events are the major drivers of the market.

“North America: The largest market for power rental solutions”

North America is estimated to be the largest market for power rental solutions, followed by Africa and the Asia-Pacific. The U.S. accounted for the largest share in the North American power rental market in 2015, and is projected to grow at the highest CAGR from 2016 to 2021. This growth can be attributed to the aging T&D infrastructure, which causes frequent power outages and blackouts. The recovering construction industry in North America is a major factor for growth of power rental solutions. Africa is the second largest market for power rental solutions. Several countries in the African and Asia-Pacific regions still do not have 100% access to electricity. These factors are expected to fuel the demand in the power rental market.

Some of the leading players in the power rental market are Aggreko PLC (U.K.), APR Energy Inc. (U.S.), Ashtead Group Plc (U.K.), Caterpillar Inc.(U.S.), Power Electrics (U.K.), Speedy Hire (U.S.), United Rentals (U.S.), Cummins Inc.(U.S.), Hertz Corporation(U.S.), Kohler (U.S.), Smart Energy Solutions (UAE), and Rental Solutions and Services (UAE), among others. Contracts & agreements was the strategy most commonly used by top players in the market, followed by, expansions, and other developments.

This Report is Priced For USD 7150, Inquire before Buying  (  Ask Your Quries )  Ask for Corporate Dicount http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=636953

Gist Of Table of Content

Premium Insights
Attractive Opportunities in the Power Rental Market ,The Middle East & Asia-Pacific Will Have High Growth Rates in  the Power Rental Market, Power Rental Market Size, By Application, 2014, Power Rental Market Size, By Generator Type, 2020, Power Rental Market: Developed Vs.Developing Nations, Life Cycle Analysis, By Region

Market Overview
Market Segmentation : By Application, By Generator Type, By End-Use Industry, By Generatot Power Rating, By Region, Market Dynamics, Drivers,Increasing Power Demand, Lack of Power Infrastructure, Lesser Turnaround Time
Market Restraints: Stringent Emission Regulations, Rise in T&D Expenditure,

Market Opportunity: Obsolete Permanent Power Plants, High Growth Potential in Emerging Economies,

Market Challenges, Payments Issues in Underdeveloped & Developing Nations, Growing Focus on Renewable Energy, Supply Chain Analysis
Porter’s Five Forces Analysis , Threat of New Entrants, Threat of Substitutes, Bargaining Power of Suppliers, Bargaining Power of Buyers, Intensity of Rivalry

Power Rental Market, By End-Use Industry:Utilities, Oil& Gas, Manufacturing, Construction, Mining, Shipping, Events, Others  

Global Power Rental Market, By Generator Type: Diesel Generators, Gas Generators, Others (Dual Fuel, Hybrid and HFO)
Global Power Rental Market, By Application: Peak Shaving, Stand By Power, Base Load/Continuous Power

Global Power Rental Market, By Power Rating (kW): Less Than 10 kW, 11-20 kW, 21-50 kW, 51-100 kW, 101-250 kW, 251-500 kW, 501-1000 kW, 1001-1500 kW, 1501-2000 kW , 2001-2500 kW  And Above 2500 kW  

Power Rental Market, By Region

Regional Analysis: Asia-Pacific: China, India, Australia, Rest of Asia-Pacific, North America, U.S, Canada, Mexico, South America, Brazil, Argentina, Chile, Rest of South America, Europe: U.K, Germany, Russia, Italy, France, Turkey, Rest of Europe, Middle East, Saudi Arabia, Uae, Iran, Qatar, Rest of Middle East, Africa, Algeria, Nigeria, South Africa, Rest of Africa

Competitive Landscape: Market Leaders, By Key Developments, Competitive Situation & Trends, Joint Ventures, New Product/Technology Launches, Expansions, Mergers & Acquisitions, Contracts & Agreements