Power Rental Market 2020 – North America To Account For Lion’s Size & Share in Mining Segment

The Global Power Rental Market was valued at USD 12.62 billion in 2016 and is projected to reach USD 26.36 billion by 2025, growing at a CAGR of 8.53% from 2017 to 2025.

Power Rental is defined as power that is leased out for a specific amount of time and is governed by either a verbal or written agreement. Power rental is increasingly used in many industries, as it can supply immediate power such as for power outage in remote locations with no power networks. Benefits of power rental include – increased end-customer advantage, improved profitability, fuel management, fleet management, reliability, design integration and after sales support.

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Sample Infographics:

Market Dynamics:

Market Drivers

Obsolete permanent power plants

Rising demand for power

Obsolete T&D infrastructure

Growing demand for customized compressed air rental solutions

Emergence of next-generation air compressors

Market Restraints

 Growing focus on renewable energy

Stringent emission regulations

Changing raw material prices

Payment issues in underdeveloped and developing nations

Market Segmentation:

The Global Power Rental Market is segmented on the fuel type, application, power rating, end user, and region.

Fuel Type:

Gas Generators

Diesel Generators

Others

By Application:

Standby Power

Base Load/Continuous Power

Peak Shaving

By Power Rating:

Up to 50 kW

51 kW?500 kW

501 kW?2,500 kW

Above 2,500 kW

By End User:

Mining

Oil & Gas

Events

Manufacturing

Shipping

Utilities

Construction

Others

By Region:

North America (U.S., Canada, Mexico)

Europe (Germany, UK, France, Rest of Europe)

Asia Pacific (China, India, Japan, Rest of Asia Pacific)

Latin America (Brazil, Argentina, Rest of Latin America)

Middle East & Africa

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Competitive Landscape:

The major players in the market are as follows:

1. Atlas Copco

2. United Rentals, Inc.

3. Wartsia Corporation

4. Caterpillar, Inc.

5. Aggreko, PLC

6. Kohler Co.

7. Hertz Equipment Rental Corporation

8. Soenergy International, Inc.

9. Generac Power Systems

10. Rental Solutions & Services, LLC

11. Power Electrics Bristol Limited

12. Bredenoord Exploitatiemij B.V.

13. Ashtead Group, PLC

14. Cummins, Inc.

15. APR Energy, PLC

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY :

Research study on the Global Power Rental Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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