According to a new market research report, Power
Rental Market by End-User
Industry, Peak, Prime/Base & Standby Application, Diesel & Gas
Generator/Engine Type - Global Trends & Forecasts (2012 – 2017) published by MarketsandMarkets
(www.marketsandmarkets.com), global power rental market will grow from an
estimated $7.8 billion in 2012 to $17 billion in 2017 with a compound annual
growth rate of 17% during the same period.
http://www.marketsandmarketsblog.com/global-power-rental-market-worth-17-billion-by-2017.html
Early buyers will receive 10% customization on reports.
Global power rental market
revenue which is the addition of revenue earned through renting the generators
and revenue from a temporary power plant is estimated to be $6.4 billion in
2011. Major users of temporary power are utility companies, oil and gas
companies, manufacturing firms, shipping industry, events organizers,
construction companies, and mining companies.
The Utility sector is the
largest user of temporary power and hence contributes maximum share in global
power rental revenue. Second largest user is the oil & gas industry
followed by industrial sector. Industrial sector mainly comprises of
manufacturing and service industry. Utilities and event industry are the
highest growing end user markets.
In terms of geographical
markets, North America region is the largest market followed by Middle East and
then Asia-Pacific. Middle East is the highest growing market which will make it
the largest geographical market by 2017, lagging behind North America. At
country level, United States has the maximum revenue share. China is the second
largest country level market followed by India and Canada.
Increasing power demand,
lack of grid stability & support, and tendency to rent instead of buying
are the major driving factors of the power rental market. Economic developments
of Asian, African and Middle East countries led the electricity demand
exceeding the permanent power plant capacities. To support developments in
those economies temporary power is used which has created a tremendous market
for power rental companies. Aging permanent power plants is another factor
which will increase the market size significantly by 2017. The major restraint
affecting the growth of power rental market is regulations.
The report ‘Power Rental
Market, by end user industry, peak, prime/base & standby application,
diesel & gas generator/engine type – Global Trends & Forecasts (2012 –
2017)’’ segments the global power rental by application, end use and geography.
It also focuses on marketshare analysis, and market metrics like drivers,
restraints and opportunities. With 119 market tables/figures, it breaks and
forecasts the market in every possible way.
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