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The global power rental market is projected to reach a size of USD 21.2 billion by 2023 Drew Doughty Canada Jersey , at a CAGR of 7.89%, from an estimated USD 14.5 billion in 2018. This growth can be attributed to the limited access to electricity in rural areas and increase in power loss due to aging infrastructure.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the power rental market, namely, Caterpillar, Inc. (U.S.), Aggreko Dan Hamhuis Canada Jersey , PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.), and Generac Power Systems (U.S.). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Scope of the report
On the basis of end-user, the power rental market has been segmented as follows:
Utilities
Oil & Gas
Mining
Manufacturing
Construction
Events
Shipping
Data Center
Others (Telecom Dale Hawerchuk Canada Jersey , Agriculture, Military, Hospital, and Commercials among others)
On the basis of application, the power rental market has been segmented as follows:
Peak Shaving
Standby Power
Base LoadContinuous Power
On the basis of fuel, the power rental market has been segmented as follows:
Diesel
Gas
Others (HFO, Dual Fuel Corey Perry Canada Jersey , and Hybrid)
On the basis of equipment, the power rental market has been segmented as follows:
Generator
Load Banks
Transformer
Others (Wire, Clamps and Power Plant)
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Key Questions addressed by the report
鈥?The report identifies and addresses key markets for power rental, which would help manufacturers review the growth in demand.
鈥?The report helps system providers understand the pulse of the market and provides insights into the drivers, restraints, opportunities Corey Crawford Canada Jersey , and challenges.
鈥?The report will help key players understand the strategies of their competitors better and make better strategic decisions.
鈥?Comprehensive mapping of the competitive landscape and the market participant behavior
Objectives of the Study
鈥?To define, describe, analyze, and forecast the global power rental market on the basis of fuel type, power rating, application, end-user Claude Giroux Canada Jersey , and region
鈥?To provide a detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
鈥?To strategically analyze the power rental market with respect to individual growth trends, future expansions, and contributions to the market
鈥?To analyze market opportunities for stakeholders in the power rental market and draw a competitive landscape for market players
鈥?To benchmark players within the market using proprietary Vendor DIVE framework, which analyzes market players on various parameters within the broad categories of business and product strategy
鈥?To compare key market players with respect to market share Chris Kunitz Canada Jersey , product specifications, and applications
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Recent Developments
鈥?In April 2017, United Rentals, Inc. acquired NES Rentals Holdings II, Inc. The acquisition is expected to increase the company鈥檚 presence in the East Coast, Gulf states, and the Midwest of the US.
鈥?In November 2017 Carey Price Canada Jersey , Aggreko received a contract to provide around 60 generators supplying more than 10 MVA (mega volt ampere) of energy, distributed through more than 240 panel and 26 km of cable for Glasgow 2018 European Championship
鈥?In June 2017, Caterpillar Inc. and Ritchie Bros. formed a partnership under which Ritchie Bros. will become Caterpillar鈥檚 preferred global partner for onsite and online auctions for used Caterpillar equipment. The partnership is expected to strengthen Ritchie Bros. relationship with independent Caterpillar dealers around the world by providing them enhanced and continued access to a global auction marketplace to sell their used equipment.
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