Albany, NY -- (SBWIRE) -- 08/09/2016 -- 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 power rental market; as using power rentals is more economical than maintaining a reserve plant, the demand for rental power has risen over time. The demand for rental power is expected to increase on account of growing public infrastructure construction, the increasing industrial base, and supply of power to remote areas. The oil and gas sector is a major end-user of rental generators and deploys them across the entire value chain; this is because most of the oil refineries and sites are located in remote areas where grid power is inaccessible.

The global power rental market to grow at a CAGR of 4.92% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global power rental market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the application of power rental across major end-user industries like utilities, oil and gas, and industria;l sector.

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

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Technavio's report, Global Power Rental Market 2016-2020, 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 vendors
- Aggreko
- APR Energy
- Atlas Copco
- Energyst
- Himoinsa
- United Rentals

Other prominent vendors
- Altaaqa Global
- Ashtead Group
- Bryne Equipment Rental
- Cummins
- Hertz Equipment Rental
- Kohler Power
- Sewatama

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

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Key questions answered in this report
- What will the market size be in 2020 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?

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