Global Power Rental Market to Expand at 16.2% CAGR till 2019, Driven by High Demand from the Middle East and Africa
Offers a 360-degree view of the market. According to this report, the global power rental market will soar at a 16.2% CAGR during the forecast period from 2013 to 2019. In 2012, the global power rental market was worth US$7.28 billion and by 2019, the market is expected to be worth US$20.64 billion.The global power rental market is driven by the rising grid instability due to the aging of conventional grids. Furthermore, the alternating power spikes will also augment the market’s growth. The global power rental market will also benefit from the rising awareness about curtailing the energy demand during peak hours. Other factors that will fuel the global power rental market include the rising preference to renting power instead of buying it.
Browse Power Rental Market Report with Full TOC at http://www.transparencymarketresearch.com/power-rental-market.html
On the contrary, accelerating environmental concerns, along with limited product differentiation, will suppress the global power rental market. Moreover, the market will be challenged by the rising focus of nations on renewable energy and payment issues in developing and underdeveloped nations.Application-wise, the global power rental market is segmented into peak shaving, standby, and continuous power. The peak shaving market is expected to witness a CAGR of 16.8% during the forecasting horizon. According to end use, the global power rental market is divided into events, industrial, construction, oil, gas, and mining, and government and utilities.
Geography-wise, the global power rental market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). In 2012, the Middle East and Africa (MEA) market collectively held more than 31% of the overall power rental market. Saudi Arabia in the MEA power rental market is expected to demonstrate high growth in the coming years. The expanding infrastructure, rising construction activities, and the high demand for electricity in remote areas are together driving the Saudi Arabia power rental market. Generators are either used for prime or standby purposes in Saudi Arabia and are completely dependent on grid connectivity.In the same year, the Asia Pacific power rental market held a share of 19% in the global market. The Asia Pacific power rental market is expected to grow at a CAGR of 16.8% during the forecasting horizon. The rising industrialization and urbanization in Asia Pacific is expected to drive the demand for power rental in this region.
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Players in the global power rental market will benefit from the rising applications of power rental in off-grid areas. In addition to this, players will also benefit from the rising demand for power in the Middle East and Africa and the high growth potential of Asia Pacific countries. The key companies operating in the global power rental market are Caterpillar, APR Energy, Aggreko, Atlas Copco, Ashtead Group, Speedy Hire, Rental Power Solutions, Power Electronics, United Rentals, and Worldwide Power Products.
Key segments of the Global Power Rental Market
Power Rental Market: Application Analysis
Peak Shaving
Continuous Power
Standby
Power Rental Systems Market: End User Analysis
Government and Utilities
Oil, Gas and Mining
Construction
Industrial
Events
Power Rental Market: Regional Analysis
North America
Europe
Asia-Pacific
Rest of World (RoW)
Browse TMR Blog Energy Reports : http://www.tmrblog.com/search/label/Energy
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr.Nachiket
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
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Browse Power Rental Market Report with Full TOC at http://www.transparencymarketresearch.com/power-rental-market.html
On the contrary, accelerating environmental concerns, along with limited product differentiation, will suppress the global power rental market. Moreover, the market will be challenged by the rising focus of nations on renewable energy and payment issues in developing and underdeveloped nations.Application-wise, the global power rental market is segmented into peak shaving, standby, and continuous power. The peak shaving market is expected to witness a CAGR of 16.8% during the forecasting horizon. According to end use, the global power rental market is divided into events, industrial, construction, oil, gas, and mining, and government and utilities.
Geography-wise, the global power rental market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). In 2012, the Middle East and Africa (MEA) market collectively held more than 31% of the overall power rental market. Saudi Arabia in the MEA power rental market is expected to demonstrate high growth in the coming years. The expanding infrastructure, rising construction activities, and the high demand for electricity in remote areas are together driving the Saudi Arabia power rental market. Generators are either used for prime or standby purposes in Saudi Arabia and are completely dependent on grid connectivity.In the same year, the Asia Pacific power rental market held a share of 19% in the global market. The Asia Pacific power rental market is expected to grow at a CAGR of 16.8% during the forecasting horizon. The rising industrialization and urbanization in Asia Pacific is expected to drive the demand for power rental in this region.
Get Inquiry About Report http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1763
Players in the global power rental market will benefit from the rising applications of power rental in off-grid areas. In addition to this, players will also benefit from the rising demand for power in the Middle East and Africa and the high growth potential of Asia Pacific countries. The key companies operating in the global power rental market are Caterpillar, APR Energy, Aggreko, Atlas Copco, Ashtead Group, Speedy Hire, Rental Power Solutions, Power Electronics, United Rentals, and Worldwide Power Products.
Key segments of the Global Power Rental Market
Power Rental Market: Application Analysis
Peak Shaving
Continuous Power
Standby
Power Rental Systems Market: End User Analysis
Government and Utilities
Oil, Gas and Mining
Construction
Industrial
Events
Power Rental Market: Regional Analysis
North America
Europe
Asia-Pacific
Rest of World (RoW)
Browse TMR Blog Energy Reports : http://www.tmrblog.com/search/label/Energy
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr.Nachiket
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit : http://researcherville.blogspot.in/