Power rental has become important in developing economies where rental power is necessary to meet the energy demand during peak hours. Using power rentals to meet the energy demand and to provide uninterrupted power is easier and more convenient than maintaining a reserve plant for back up.
Portland, OR -- (SBWIRE) -- 07/11/2017 -- Progressive Markets has published a report, titled, "Global Power Rental Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014–2025". As per the report, the global power rental market is expected to register a CAGR of 11.2% from 2017 to 2025. The report offers an extensive analysis of leading market players, changing dynamics, key segments, and competitive landscape. Moreover, Porter's Five Forces analysis, market share analysis, and geographical insights help in determining steps to be taken for expansion and devise strategies for the future. The research is a helpful source of information for market players, investors, new entrants, VPs, and stakeholders to gain detailed insights on changing market dynamics and recent developments.
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The report offers an executive summary of the global power rental market to help market players, management executives, and investors prioritize and maximize their time. Key findings are outlined in the research along with market attractiveness and current trend analysis. Competitive landscape is outlined the study along with recent industry developments. These insights offer an overview of the industry to help market players determine recent scenario. Definitions and scope of the report are outlined in the research along with a brief introduction. Research methodology implemented by analysts is provided in the report to outline sources of data and validate statistics and information. In primary research, vendor briefing, interviews with industry experts, and online surveys are conducted. In secondary research, reference to company reports, webinars, publications, and podcasts is carried out. Insights on research methodology help readers determine sources and references of data and statistics in the research.
Changing market dynamics of the global power rental market are provided based on drivers and challenges. Aging of conventional grids leading to grid instability and rise in awareness regarding reduction in energy demand during peak hours are factors driving growth in the global market. However, changing customer preferences and inclination toward renewable energy would hinder growth of the global power rental market. The impact of aforementioned factors are outlined in the study with the help of tables and figures to help market players gain thorough understanding of driving forces and challenges to devise strategies for the future.
Porter's Five Forces analysis is provided in the research to outline level of competition in the industry. Bargaining power of buyers, bargaining power of suppliers, industrial rivalry, threat of substitutes, and threat of new entrants are parameters explored in the study. Moreover, market size for the historic period, 2014–2016 and estimations for the forecast period, 2017–2025 for each segment are offered in the research with the help of tabular format.
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The report offers a detailed segmentation of the global power rental market based on fuel type, application, power rating, end user, and geography. Based on fuel type, the report segments the industry into diesel, gas, and others. Application segment is analyzed into standby power, peak shaving, and base load/continuous power. Based on power rating, the market is segmented into less than 10 kW, 11 kW to 20 kW, 21 kW to 50 kW, 51 kW to 100 kW, 101 kW to 250 kW, 251 kW to 500 kW, 501 kW to 1000 kW, 1001 kW to 1500 kW, 1501 kW to 2000 kW, 2001 kW to 2500 kW, and above 2500 kW. End user segment is analyzed in terms of oil & gas, mining, construction, manufacturing, utilities, events, shipping, and others. Regional analysis is offered in the study for regions including North America, Asia-Pacific, Europe, and LAMEA. Revenue generated by each segment is discussed in the study with the help of tables and figures. These insights help market players to determine dominating segments and capitalize on them to gain strong position in the industry.
The report offers detailed analysis of leading market players operating in the global power rental industry. A business overview, financial & business segments, and recent development by each player are explored in the research. These insights help investors in determining companies that meet their investment expectations. Key market players analyzed in the research are Cummins Inc., Aggreko PLC, Caterpillar Inc., APR Energy PLC, Rental Power Solutions, Ashtead Energy PLC, Worldwide Power Products, United Rentals, Speedy Hire, and Power Electronics. Moreover, investors and other players can determine market competition and understand internal affairs of a company to determine growth rate in the industry.
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