The global power rental market is driven by the rising grid instability due to the aging of conventional grids. Furthermore, the alternating power spikes will also augment the market’s growth. The global power rental market will also benefit from the rising awareness about curtailing the energy demand during peak hours. Other factors that will fuel the global power rental market include the rising preference to renting power instead of buying it. On the contrary, accelerating environmental concerns, along with limited product differentiation, will suppress the global power rental market. Moreover, the market will be challenged by the rising focus of nations on renewable energy and payment issues in developing and underdeveloped nations. Application-wise, the global power rental market is segmented into peak shaving, standby, and continuous power. The peak shaving market is expected to witness a CAGR of 16.8% during the forecasting horizon. According to end use, the global power rental market is divided into events, industrial, construction, oil, gas, and mining, and government and utilities. The featured report from Transparency Market Research, titled “Power Rental Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019”, offers a 360-degree view of the market. According to this report, the global power rental market will soar at a 16.2% CAGR during the forecast period from 2013 to 2019. In 2012, the global power rental market was worth US$7.28 billion and by 2019, the market is expected to be worth US$20.64 billion. Get Free Sample of this Research Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1763 Geography-wise, the global power rental market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). In 2012, the Middle East and Africa (MEA) market collectively held more than 31% of the overall power rental market. Saudi Arabia in the MEA power rental market is expected to demonstrate high growth in the coming years. The expanding infrastructure, rising construction activities, and the high demand for electricity in remote areas are together driving the Saudi Arabia power rental market. Generators are either used for prime or standby purposes in Saudi Arabia and are completely dependent on grid connectivity. In the same year, the Asia Pacific power rental market held a share of 19% in the global market. The Asia Pacific power rental market is expected to grow at a CAGR of 16.8% during the forecasting horizon. The rising industrialization and urbanization in Asia Pacific is expected to drive the demand for power rental in this region. Players in the global power rental market will benefit from the rising applications of power rental in off-grid areas. In addition to this, players will also benefit from the rising demand for power in the Middle East and Africa and the high growth potential of Asia Pacific countries. The key companies operating in the global power rental market are Caterpillar, APR Energy, Aggreko, Atlas Copco, Ashtead Group, Speedy Hire, Rental Power Solutions, Power Electronics, United Rentals, and Worldwide Power Products. Key segments of the Global Power Rental Market Power Rental Market: Application Analysis Power Rental Systems Market: End User Analysis Power Rental Market: Regional Analysis Browse Research Report: http://www.transparencymarketresearch.com/power-rental-market.html About TMR Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends. Contact Transparency Market Research +1-518-618-1030 USA-Canada Toll Free: 866-552-3453 sales@transparencymarketresearch.com http://www.transparencymarketresearch.com/
The global power rental market will be worth over $ 20bn by 2020 , driven by the rising market instability , alternating power spikes , rising awareness of reducing energy demand during peak hours and the preference to rent rather than buy equipment , according to a new report by Transparency Market partners . Strong growth in Saudi Arabia and Asia Pacific is also forecast . However , the global economy will face challenges , such as limited product differentiation , increased environmental concerns , a reliance on renewable energy and payment issues in developing and underdeveloped countries .