Global Power Rental Services Market Estimated to Grow at a CAGR of 3.32% during the period 2017-2021
Report identifies Aggreko, APR Energy, Atlas Copco, and United Rentals as the key vendors in the global power rental services market.
(EMAILWIRE.COM, May 22, 2017 ) Power rental services are the additional services which a vendor provides to the client, apart from making a generator and other accessories available for rent. These services enhance the customer satisfaction and reduce the downtime and operational costs incurred due to poor maintenance/planning. The market encompasses services, such as pre-inspection, remote monitoring, fuel management, equipment testing, and contingency planning. Power rental equipment provides essential support to businesses and consumers during power outages. Diesel and gas generators are common forms of this equipment. In addition, power rental generators are being used as base load or as a standby application, depending on the industry needs.
Technavios analysts forecast the global power rental services market to grow at a CAGR of 3.32% during the period 2017-2021.
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Rapid urbanization and the growing number of commercial establishments have created the need for constant power supply since the deficit in power supply results in business loss. As a result, enterprises will start forming partnerships with power rental utilities that mobilize the equipment and carry out operations to offer continuous power supply. In addition to commercial establishments, government organizations of several countries are also preferring power rental services for the continuous supply of power. For instance, the Angolan Ministry of Energy and Water already awarded the power rental services provider HIMOINSA with a contract for supplying 25 MW of power during 2012.
The market research report identifies the adoption of hybrid power generators as one of the primary trends behind the growth of this market. With the increasing need for additional power sources, the coming years will witness an increased demand for technologies that will help manage multiple power sources, in turn, driving the adoption of hybrid power generators. Additionally, benefits such as low cost, reduced rate of emissions, and better performance will also fuel the demand for hybrid power generators.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Power Rental Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-power-rental-services-market-2017-2021-report.html
Key vendors
Aggreko
APR Energy
Atlas Copco
United Rentals
Other prominent vendors
BPC Power Rentals
Cummins
Doosan Portable Power
Energyst
Generac Power Systems
Herc Rentals
HIMOINSA
J C Bamford Excavators
Kohler
Multiquip
PR POWER
Sunbelt Rentals
Wacker Neuson
Market driver
Increasing power purchase agreements (PPAs).
For a full, detailed list, view our report
Market challenge
Rise in distributed energy and microgrids to improve grid flexibility.
For a full, detailed list, view our report
Market trend
Increase in use of gas generators for rental power.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Technavios analysts forecast the global power rental services market to grow at a CAGR of 3.32% during the period 2017-2021.
Request Free Sample Report - http://www.marketresearchhub.com/enquiry.php?type=S&repid=1068159
Rapid urbanization and the growing number of commercial establishments have created the need for constant power supply since the deficit in power supply results in business loss. As a result, enterprises will start forming partnerships with power rental utilities that mobilize the equipment and carry out operations to offer continuous power supply. In addition to commercial establishments, government organizations of several countries are also preferring power rental services for the continuous supply of power. For instance, the Angolan Ministry of Energy and Water already awarded the power rental services provider HIMOINSA with a contract for supplying 25 MW of power during 2012.
The market research report identifies the adoption of hybrid power generators as one of the primary trends behind the growth of this market. With the increasing need for additional power sources, the coming years will witness an increased demand for technologies that will help manage multiple power sources, in turn, driving the adoption of hybrid power generators. Additionally, benefits such as low cost, reduced rate of emissions, and better performance will also fuel the demand for hybrid power generators.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Power Rental Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-power-rental-services-market-2017-2021-report.html
Key vendors
Aggreko
APR Energy
Atlas Copco
United Rentals
Other prominent vendors
BPC Power Rentals
Cummins
Doosan Portable Power
Energyst
Generac Power Systems
Herc Rentals
HIMOINSA
J C Bamford Excavators
Kohler
Multiquip
PR POWER
Sunbelt Rentals
Wacker Neuson
Market driver
Increasing power purchase agreements (PPAs).
For a full, detailed list, view our report
Market challenge
Rise in distributed energy and microgrids to improve grid flexibility.
For a full, detailed list, view our report
Market trend
Increase in use of gas generators for rental power.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Make an Enquiry - http://www.marketresearchhub.com/enquiry.php?type=enquiry&repid=1068159
About Market Research Hub
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free : 866-997-4948 (US-Canada)
Tel : +1-518-621-2074
Email : press@marketresearchhub.com
Website : http://www.marketresearchhub.com/
Contact Information:
Market Research Hub
Sudip S
Tel: +1-518-621-2074
Email us
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Market Research Hub
Sudip S
Tel: +1-518-621-2074
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results