According to the report, global power rental market was valued at approximately USD 10.02 billion in 2014 and is expected to reach approximately USD 20.30 billion by 2020, growing at a CAGR of over 13.0% between 2015 and 2020.
Power rental is referred as plant hire, which provides machinery, power equipment, and tools of all kinds and sizes for a short and long period of time to final users. Power on rent can deliver complete operating power packages as well as provide scalable components within large power station installations to various industrial applications. An extensive fleet of industrial rental power covers a broad range of applications in coal-fired, natural gas-fired, nuclear and cogeneration plants. Power rental services offer a quick and cost-effective response to planned and emergency outages for a limited period of time.
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The power rental market is mainly driven by increasing power consumption, development of power infrastructure, and increasing construction & development across the globe. Furthermore, increasing demand for power from oil & gas industry is also a major driving force of the power rental market. However, the presence of stringent regulations coupled with rising environmental awareness may curb the market growth in the near future. Nonetheless, increasing demand for power in emerging economies is expected to open up new growth avenues for the power rental market in the years to come.
The report covers forecast and analysis for the power rental market share on a global and regional level. The study provides historic data of 2014 along with a forecast for 2015 to 2020 based revenue (USD billion). The study includes drivers and restraints for the power rental market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the power rental market on a global level.
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In order to give the users of this report a comprehensive view on the power rental market, we have included competitive landscape in the market and an analysis of Porter’s Five Forces model for the power rental market has also been included. The study encompasses a market attractiveness analysis, wherein end-user segments and application segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the power rental market size by segmenting the market based on end-users, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Based on end-users the market is segmented into oil & gas, industrial, construction and others. Key applications market covered under this study includes peak shaving, baseload/ continuous power, and standby power. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for power rental based on individual applications in all the regions and countries.
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The report also includes detailed profiles of end players such as Atlas Copco, United Rental, Cummins Inc, APR Energy Inc, Caterpillar Inc, Power Electrics and Speedy Hire. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
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