Press Release / Environment / Power Rental Market Latest Analysis Report: By Fuel Type, by Application 2018 -2023

Power Rental Market Latest Analysis Report: By Fuel Type, by Application 2018 -2023

Pune, India, 7 May 2018 /MRFR Press Release/-. Global power rental market is projected to reach USD 21,765.1 million by 2023, at a CAGR of 9.06% from 2018 to 2023.
The power rental is defined as renting of generator sets for the power generation and that runs on gas, diesel, or any other fuel. They are used in various industrial and commercial applications. Shortage of power supply, will ultimately increase in the use of power rental equipment. This will lead to the growth of this market. In India, the demand of electricity has always been more than the supply, which causes problems for many industries. To boost the development of power supply, the government of India has created many corporations such as State Electricity Boards (SEB), NTPC Limited, and NHPC limited. Even after this developments there is shortage of power supply in the country. Hence the use of power rental equipment is more. Additionally, many countries looking to develop their infrastructure, heavy investments have been made to boost the infrastructural activities globally. This also has the positive impact on the growth of the market. However, emission regulations for diesel engines, is the factor that may hamper the growth of market.
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Key Players
The key players of global power rental market are Aggreko Plc. (U.K.), Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), Herc Rentals Inc. (U.S.), Speedy Hire Plc. (U.K.), Ashtead Group Plc. (U.K.), United Rentals, Inc. (U.S.), APR Energy (U.S.), Bredenoord Exploitatiemij B.V. (The Netherlands), L.M. Generating Power Co. Ltd. Ltd (Canada) and others.
Scope of the Report This study provides an overview of the global power rental market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Power rental market as fuel type, application and end-user.
By Fuel Type

Diesel
Gas
Others

By Application

Base Load
Stand by Power
Peak Shaving

By End-User

Oil & Gas
Utilities
Shipping
Manufacturing
Mining
Construction
Others

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Target Audience:

Manufacturing Organizations.
Distributors & Suppliers
Government as well as Independent Regulatory Authorities
Research Institute / Education Institute
Potential Investors
Renewable energy companies

Market Research Analysis 
On the basis of regions, the global power rental market is segmented as North America, Europe, Asia-Pacific and RoW. North America region dominates the global power rental market. North America accounted for the largest market share of 31.60% in 2016, with a market value of USD 3,773.9 million. Aging grid infrastructure and natural calamities, which causes frequent power outages and increasing demand industrial sector fuelling the growth of the market in the region.
Asia-Pacific was the second-largest market in 2016, valued at USD 2,663.2 million in 2016; it is projected to grow at a CAGR of 8.98% during the forecast period. The growth of the power rental market in the Asia-Pacific region is majorly driven by factors such as continued growth of constructional and developmental activities and the rapid increase in the demand-supply gap of electric power in emerging economies of the region. However, RoW is projected to grow at the highest CAGR of 10.98%.
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