Portland, OR -- (SBWIRE) -- 06/27/2017 -- The power rental market is defined as the revenue earned either by renting a temporary power plant or generators. Power is generated by burning fossil fuels such coal, oil, and gas to generate steam that drives large turbines to produce electricity. Power rental is defined as plant hire providing flexibility, reliability, speed, and cost-effectiveness. Moreover, power on rent delivers complete operating power packages and delivers scalable components within large power station installations to various industrial applications.

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The global power rental market is expected to witness significant growth during the forecast period on account of increase in demand for power worldwide. Moreover, the increase in power consumption, development of power infrastructure, and increase in construction is anticipated to boost the demand for power rental in the coming years. Furthermore, increase in demand for power from oil & gas industry is another major factor that boosts the market growth. However, the enforcement of stringent regulations on emissions occurred by generators coupled with rise in transmission and distribution expenditure is expected to hinder the market growth. However, the demand for power in emerging economies such as India and China is expected to set up new growth opportunities for the global power rental market in the upcoming years.

Key market players in this sector include Aggreko PLC., Caterpillar Inc., Ashtead Group PLC., Cummins Inc., Atlas Copco CB, Speedy Hire PLC, Kohler Co., Hertz Corporation, Soenergy International Inc., and Rental Solutions & Services LLC.

Power Rental Market Key Segments:

By Fuel
-Diesel
-Gas
-Dual Fuel

By Power Rating
-11-50 kW
-51-200 kW
-201-500 kW
-501-1,000 kW
-1,501-2,000 kW
-Above 2,000 kW

By End-User Industries
-Utilities
-Oil & Gas
-Events
-Construction
-Mining
-Shipping

By Geography
-North America
U.S.
Canada
Mexico

-Europe
Germany
Spain
UK
Russia
France
Rest of Europe

-Asia-Pacific
China
India
Japan
Australia
Korea
Rest of Asia-Pacific

-LAMEA
Brazil
Kingdom of Saudi Arabia
South Africa
Rest of LAMEA

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