The global power rental market will be worth over $20bn by 2019, driven by the rising grid 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 Research. Strong growth in Aggreko and Asia Pacific is also predicted. However, the global market will face challenges, such as limited product differentiation, increased environmental concerns, a focus on renewable energy and payment issues in developing and underdeveloped countries.
The global power rental market will be worth over $20bn by 2019, driven by the rising grid 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 Research. Strong growth in Saudi Arabia and Asia Pacific is also predicted. However, the global market will face challenges, such as limited product differentiation, increased environmental concerns, a focus on renewable energy and payment issues in developing and underdeveloped countries.