Key Players are Ashtead Group Plc, Northbridge Industrial Services, Power Electrics, and Speedy Hire, Sweden’s Atlas Copco AB, Netherlands based Bredenoord, U.S. headquartered Carrier Corporation, Temp Power System, United Rentals, Caterpillar Inc.
(PRWEB) September 08, 2013
According to a new market research report, Power Rental Market by End-User Industry, Peak, Prime/Base and Standby Application, Diesel and Gas Generator/Engine Type - Global Trends and Forecasts (2012 - 2017) published by MarketsandMarkets, global power rental market will grow from an estimated $7.8 billion in 2012 to $17 billion in 2017 with a compound annual growth rate of 17% during the same period.
Browse more than 100 market data tables/figures spread across 276 pages and in-depth TOC on “Power Rental Market - Global Trends & Forecasts (2012 - 2017)”.
Early buyers will receive 10% customization on this report.
Global power rental market revenue which is the addition of revenue earned through renting the generators and revenue from a temporary power plant is estimated to be $6.4 billion in 2011. Major users of temporary power are utility companies, oil and gas companies, manufacturing firms, shipping industry, event’s organizers, construction companies, and mining companies.
The utility sector is the largest user of temporary power and hence contributes maximum share in global power rental revenue. Second largest user is the oil and gas industry followed by industrial sector. Industrial sector mainly comprises of manufacturing and service industry. Utilities and event industry are the highest growing end user markets.
In terms of geographical markets, North America region is the largest market followed by Middle East and then Asia-Pacific. Middle East is the highest growing market which will make it the largest geographical market by 2017, lagging behind North America. At country level, United States has the maximum revenue share. China is the second largest country level market followed by India and Canada.
Increasing power demand, lack of grid stability and support, and tendency to rent instead of buying are the major driving factors of the power rental market. Economic developments of Asian, African and Middle East countries led the electricity demand exceeding the permanent power plant capacities. To support developments in those economies temporary power is used which has created a tremendous market for power rental companies. Aging permanent power plants is another factor which will increase the market size significantly by 2017. The major restraint affecting the growth of power rental market is regulations.
The report “Power Rental Market, by end user industry, peak, prime/base and standby application, diesel and gas generator/engine type - Global Trends & Forecasts (2012 - 2017)’’ segments the global power rental by application, end use and geography. It also focuses on market share analysis, and market metrics like drivers, restraints and opportunities. With 119 market tables/figures, it breaks and forecasts the market in every possible way.
Browse related reports
Power Grid System Market In Subsea, by Offshore Power (Captive Generation, Wind Power, Others), Components (Cables, Variable Speed Drives, Transformers, Switchgears, Others) and Geography - Global Trends and Forecast to 2018
Oilfield Rental Market, by Equipment - Drilling (Drillpipe, Drill Collars, Hevi-wate, Subs), Pressure Control and Flow Control (BOPs, Valves, and Manifolds), Fishing, and Others - Global Market Trends and Forecast to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace and defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets