Lewes, DE -- (SBWIRE) -- 02/02/2017 -- Report forecast the global power rental accessories market to grow at a CAGR of 3.18% during the period 2017-2021.

Rental power is used to meet peak load demand, base load supply, or as a standby. The need to provide uninterrupted power is a major factor driving the growth of the global power rental accessories market. Power rentals are more economical than maintaining a reserve plant. Thus, this factor has increased the demand for rental power over time.

The report covers the present scenario and the growth prospects of the global power rental accessories market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of haircare products to individual consumers and salons.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in market is growing demand from utility and industrial sectors. The need for temporary power supply across utilities and industrial sectors is increasing because of the demand-supply gap in electricity. Though the governments of various countries are commissioning new power plants to meet the growing demand, shortfalls persist in the short run as constructing a power plant would require 3-5 years, depending on its capacity. In addition, delays in power plant completion due to lack of investment will extend the construction period. However, many industries require a constant power supply to achieve optimum operational capacity and avoid financial losses due to outages. Apart from facing financial losses, continuous industrial development is required for sustaining the economic development of the country. This has resulted in utilities and industries resorting to the use of rental power where grid power is unstable for backup or in situations where grid power is not available.

Further, the report states that one challenge in market is slow growth in oil and gas industry. Earlier, power rental companies benefitted from increased onshore and offshore oil and gas exploration and production. However, the plunge in global oil and gas prices, which have fallen by almost 40%-50% in the last two years (201-2016) limits the confidence of new investors in the industry, posing a serious challenge to power rental companies. The rig count acts as a barometer for the oil and gas drilling industry and its suppliers worldwide. There has been an almost 35% drop in the rig count between 2014-2015. This is an indicator of the weak demand for the equipment used by the oil and gas industry. Therefore, lower oil prices and reduction in activities means lower equipment rentals, which is a challenge for the growth of the rental accessories industry.

Global Power Rental Accessories Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global power rental accessories market: Aggreko, Aggreko, Caterpillar, Energyst, and Sunbelt Rentals.

Other Prominent Vendors in the market are: Altaaqa Global, APac Energy Rental, APR Energy, Ashtead Group, BPC Power Rentals, Byrne Equipment Rental, Crestchic, Cummins Power Generation, Herc Rentals, HIMOINSA, Kohler, Red-D-Arc, PT Sumberdaya Sewatama, and United Rentals.

Market driver
- Growing demand from utility and industrial sectors.
- For a full, detailed list, view our report

Market challenge
- Increasing use of off-grid power systems.
- For a full, detailed list, view our report

Market trend
- Rising demand from Southeast Asian countries.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 61 pages and 27 Exhibits "Global Power Rental Accessories Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-power-rental-accessories-market-2017-2021

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