Global Power Rental Market Analysis, Segmentation, Competitors Analysis, Product Research, Trends and Forecast Report by 2023
Power Rental Market is further expected to grow at a CAGR of 8.22% from 2018 to reach USD 21.35 Billion by the year 2023.
(EMAILWIRE.COM, June 19, 2018 ) GLOBAL POWER RENTAL MARKET was valued at USD 13.29 Billion for the year 2017. Power Rental Market is further expected to grow at a CAGR of 8.22% from 2018 to reach USD 21.35 Billion by the year 2023. North America region holds the highest market share in 2017. While European region is considered as the fastest growing market in the forecasted period. U.S. is the major market in 2017 at country level and U.K. is further anticipated to grow at a steady pace in the next 5 years.
Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.) Atlas Copco (Sweden) are some of the top players in the Power Rental Market with Caterpillar Inc. holding a substantial market share in 2017. Better global reach, both at operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
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Drivers:
Over consumption of power from obsolete power plants
Restraints:
Strict emission rules for different regions
Opportunities:
Emerging smart cities and related projects in different countries
Challenges:
Reducing the demand-supply gap
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The segmentation done on the basis of fuel type include Gas Generators, Diesel Generators and others of which the Diesel Generator segment is expected to hold the highest market share during the forecast period.
The Gas Generator segment is expected to grow at the highest CAGR during the forecasted period.
Key Benefits for Stakeholders
Power Rental vendors
Distributed energy generation solution providers
Government bodies
End use industries
Regulatory bodies, policy makers and consumers.
By Fuel Type
Diesel Generators
Gas Generators
Others
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By Industry Sector
Oil & Gas
Construction
Manufacturing
Shipping
Mining
By Application
Base Load
Stand-by Power
Peak Shaving
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
Atlas Copco
United Rentals, Inc.
Caterpillar, Inc.
Cummins, Inc.
Kohler Co.
Aggreko, PLC
Power Electrics Bristol Limited
APR Energy, PLC
Rental Solutions & Services, LLC
Smart Energy Solutions
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Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.) Atlas Copco (Sweden) are some of the top players in the Power Rental Market with Caterpillar Inc. holding a substantial market share in 2017. Better global reach, both at operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
Get Discount at https://www.prominentmarketresearch.com/discount-report/34284
Drivers:
Over consumption of power from obsolete power plants
Restraints:
Strict emission rules for different regions
Opportunities:
Emerging smart cities and related projects in different countries
Challenges:
Reducing the demand-supply gap
Ask for a Sample Report at https://www.prominentmarketresearch.com/sample-report/34284
The segmentation done on the basis of fuel type include Gas Generators, Diesel Generators and others of which the Diesel Generator segment is expected to hold the highest market share during the forecast period.
The Gas Generator segment is expected to grow at the highest CAGR during the forecasted period.
Key Benefits for Stakeholders
Power Rental vendors
Distributed energy generation solution providers
Government bodies
End use industries
Regulatory bodies, policy makers and consumers.
By Fuel Type
Diesel Generators
Gas Generators
Others
Inquiry for a Report at https://www.prominentmarketresearch.com/inquiry-report/34284
By Industry Sector
Oil & Gas
Construction
Manufacturing
Shipping
Mining
By Application
Base Load
Stand-by Power
Peak Shaving
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
Atlas Copco
United Rentals, Inc.
Caterpillar, Inc.
Cummins, Inc.
Kohler Co.
Aggreko, PLC
Power Electrics Bristol Limited
APR Energy, PLC
Rental Solutions & Services, LLC
Smart Energy Solutions
Buy Now Report at https://www.prominentmarketresearch.com/checkout/34284
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
For information, contact:
Tel: USA +1-815-957-4373
Email: sales@prominentmarketresearch.com
Contact Information:
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
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Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results