Dallas, Texas (PRWEB) April 01, 2014
The growing demand for power, lack of grid stability and support, events (unforeseen events and planned events), tendency to rent instead of buying, and insufficient generation capacity, especially in African countries, are acting as the drivers for the power rental market. This report estimates the market value of power rental in terms of revenue ($ Million). In terms of geography, the report is segmented into Asia-Pacific, the Middle East, Europe, North America, Latin America, and Africa. The power rental market is broadly divided on the basis of end-use, application, and generator types. With a huge market potential for utilities, construction, and oil & gas industry growing projects, the market is likely to witness remarkable growth in the coming years.
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The report also tracks the recent strategic activities of market players such as new product launches, expansions, agreements, and mergers & acquisitions.
The power rental market is growing at a CAGR of 15.1% from 2014 to 2019. The Middle East region is the fastest-growing power rental market. Also, the power rental market in the Middle East dominated the same in the year 2012. The other regions are growing with a lower CAGR as compared to the Middle East region.
The companies occupying significant market share are Aggreko Plc. (U.K.), APR Energy Plc. (U.S.), The Hertz Corporation (U.S.), and Bredenoord Exploitatiemij B.V. (The Netherlands). Existing dominant players are leveraging their agreements and expansion activities to increase the market dominance. Top four players in the power rental industry held a market share of around 60% signifying the participation of a large number of players in this market. Also, the market is too fragmented having numerous regional players in the power rental market.
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The power rental market is a rewarding market from the perspective ofutilities industry. Global expansions are likely to play a key role in increasing the share of the market players. The leading service providers of the power rental market include Aggreko Plc. (U.K.) and APR Energy Plc. (U.S.). The services of these companies are used by utilities companies, oil & gas companies, manufacturing companies, construction companies, mining companies, and event organizers. The Middle-East region is dominating the power rental market owing mainly to the utility, construction, and oil & gas industry. Moreover, the high rental of the generators in these industries has helped in increasing the penetration of the market in the Middle-East. The North American power rental market is in its mature stage and emissions norms are restricting the growth of the market in the region.
The report estimates the market size of sub markets for the power rental market and applications in the key markets of Asia-Pacific, the Middle East, Europe, North America, Latin America, and Africa. In addition to market forecasts, the report also highlights key opportunity areas for the relevant stakeholders analyzing trends, opportunities, drivers, and inhibitors for the market.
Major Points from Table of Contents
9 Company Profiles
9.1 Aggreko Plc.
9.2 Apr Energy Plc.
9.3 Ashtead Group Plc.
9.4 Atlas Copco Ab
9.5 Bredenoord Exploitatiemij B.V.
9.6 Caterpillar Inc.
9.7 Cummins Inc
9.8 Speedy Hire Plc.
9.9 The Hertz Corporation
9.10 United Rentals
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