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(MoneyNewsWire.Net, July 01, 2016 ) The report "Power Rental Market by end user (industry, Utilities, Oil & Gas, Construction, Quarrying & Mining, Events, Shipping, and Others), Application (Peak Shaving, Base Load, & Standby), Type of Generator (Diesel, Gas, and Others), Power Rating (0-80, 81-280, 281-600,> 600kW), & by Region - Global Trends & Forecasts to 2020", defines and segments the global power rental market with an analysis and forecast of the market size. The power rental market is projected to grow from an estimated $11.6 Billion in 2015 to $21.3 Billion by 2020, at a CAGR of 12.9% during the forecast period. Major users of temporary power include utility companies, manufacturing firms, oil & gas companies, construction companies, shipping industry, event organizers, and mining companies.
Browse 121 market tables and 48 figures spread through 179 pages and an in-depth TOC on “Power Rental Market - Global Trends & Forecasts to 2020”
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Utility Sector: The largest market by end-use industry
The utility sector is the largest user of temporary power, and hence, contributes maximum share in the global power rental market. The oil & gas industry is the second largest user, followed by the industrial sector. The industrial sector mainly comprises manufacturing and service industry. The utilities and event industries are the highest growing end-user markets.
The Middle East & Asia-Pacific will have high growth rates in the power rental market
North America held 20.2% of the total market share in 2014, followed by the Middle East, with around 19% in the same year. The Middle East is expected to grow at a high CAGR of 15.6%, whereas North America will grow at a CAGR of 10.6%. The Asia Pacific region is expected to grow at a CAGR of 14.4% during the forecast period. At country level, The U.S. accounts for the maximum market share.
The power rental market has also been analyzed with respect to Porter's Five Forces model. Different market forces such as bargaining power of buyers, bargaining power of suppliers, degree of competition, threat of substitutes, and threat of new entrants have been analyzed with respect to the power rental market.
This report also includes profiles of leading equipment manufacturers and suppliers of temporary power equipment such as 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.), Atlas Copco AB (Sweden), Bredenoord (The Netherlands), United Rentals (U.S.), Cummins Inc.(U.S.), Hertz Corporation (U.S.), Kohler (U.S.), and So Energy International, Smart Energy Solutions (UAE) and Rental Solutions and Services headquartered in UAE. The report also provides a competitive landscape of major market players that includes new product developments, mergers & acquisitions, facility expansions, agreements & collaborations, and contracts.
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