Published on : Mar 28, 2018
Albany, New York, March 28, 2018: The demand for power generator rental has become massive in today's generation. Due to the frequent power interruption happening around the world, generators are highly in demand. Market Research Hub (MRH) has freshly announced the inclusion of a new study titled “Power Generator Rental Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” to its wide repository, which offers a holistic outlook of the market covering market trends, factors along with industry growth prospects from 2012 to 2017, and forecast to 2025. Moreover, the research also analyses market expansion in major regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).
Power generator rental market refers to the service market in which generator is available on rental basis for power generation resolutions. Presently, considering the constant need for the supply of energy and the fact that purchase of generators is a costly scheme, renting power generators is an attractive option. These generators cater a extensive range of power demands whether from a single house or society or from a major event or from a power intensive industry. According to this active research evaluation, the global power generator rental market was pegged at US$4,131.28 mn in 2016. Expanding at a CAGR of 6.27% for the 2017-2025 forecast period, the market is anticipated to be worth US$7,087.40 mn by 2025.
Geographical Expansion and Segmental Overview
For a clear understanding, the report comprises country-level analysis in above-mentioned regions in terms of volume and revenue for fuel type, end-user and generator rating segments. In terms of geography, the Middle East and Africa held dominance in the global market. Besides this, the market is expected witness lucrative prospects in the Asia Pacific. The existing gap between the power demand and power supply creates lucrative prospects for the power generation rental market in these regions.
Moreover, on the basis of generator rating segment, it covers 100 KVA generator rating which are majorly used in residential and smaller commercial applications, 101- 500 KVA generator rating which found application in large commercial complexes, large-scale events, and smaller industrial sector, 501- 1000 KVA generator rating which is primarily used for medium to large scale industrial applications, and above 1000 KVA generator rating.
The major end-use segment comprises utilities, oil & gas, mining, construction, events, others. On the basis of fuel type, the rentals of natural gas generators are poised to grow considerably in the forthcoming years.
At last, the report throws some light on competition involved in the global power generator rental market by listing major companies operating in the market. Key players include Aggreko PLC, APR Energy, Caterpillar Inc., Cummins Inc., Atlas Copco AB., and United Rentals, Inc.
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