This research study analyzes the market size of power rental systems, in terms of revenue.
Albany, NY -- (SBWIRE) -- 09/10/2015 -- Power rental systems are beneficial during power blackout/outages in order to keep the production process uninterrupted. Reliable power solutions minimize the idle time in production due to ad hoc power failures. Global electricity demand is expected to double by 2030 at an annual rate of 2.4% as per IAEA (International Atomic Energy Agency). Growing economies and population are driving the electricity demand which in turn are expected to push the overall power rental market over the forecast period. Power rental units act as a supplementary source which provides backup to power grids. Power rental units acts as a supplementary source which provides a backup to power grids. The power blackout made news in Europe and North America that nearly halted most of the industrial production. However, power rental solutions were to the rescue under such critical situation. Ageing power plants accompanied with outages are expected to bolster the power rental systems market. Increased events, fairs and festivals require substantial power which relies on power rental systems.
Peak shaving, continuous power supplies are some of the prominent applications discussed in this study that are driving power rental market. Power rental units find growing number of applications in government and petroleum industry that is likely to bolster power rental market growth over the coming couple of years. The Middle East and Africa accompanied by Asia Pacific are some of the regions actively dealing in oil extraction activities. Furthermore, these regions are witnessing rapid growth in construction industry. These factors are likely to attribute towards the growth of power rental product's demand, thereby fuelling power rental market growth in respective regions.
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The power rental market has been segmented on the basis of application, end use and geography, in order to provide a holistic picture of the market. The report analyzes the rise in power demand owing to power shortages and penalty on extra power usage during peak hours. Market data for all segments has been provided on a regional level for the period 2012 to 2019. A comprehensive competitive landscape including company market share analysis has also been provided in this report.
Key applications analyzed in the report include peak shaving, continuous power and standby systems. The report gives a brief idea of the ongoing trends in the power rental market accompanied by the justification explaining which application segment is likely to excel over the forecast period. Power rental systems end user market segments estimated in this study include government and utilities, oil, gas and mining, construction, industrial, events. Power rental systems have substantial demand in several end use industries, which are also evaluated in this research study. Regional data has been provided for North America, Europe, Asia Pacific, and Rest of the World (RoW). It also provides detailed analysis, historical data, and statistically refined forecast for the segments covered. Regional analysis in this study describes the behavior of different end use industries owing to shortage of power supply.
This report also includes Porter's five forces model analysis, value chain analysis, and market attractiveness analysis by technology. Some of the key market participants that deal in power rental systems market include Aggreko plc, APR Energy LLC, Atlas Copco AB, and Energyst CAT Rental Power. The report provides an overview of these companies followed by their financial revenue, business strategies, and recent developments.
The research provides detailed analysis of companies dealing in power rental systems, trend analysis and demand forecast by geography. The value chain for power rental systems study encompasses all the stages of setting up the systems and its applications.
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