DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bqnxdm/north_america) has announced the addition of the "North America Power Rental Market 2015-2019" report to their offering.
The analysts forecast the North America Power Rental market to grow at a CAGR of 18.3% over the period 2014-2019
The most common form of power rental equipment is diesel generators and gas generators. The requirement of power rental equipment varies from customer to customer based on the size, capacity, and type of equipment, and they are leased for a specific period of time. Rental power is increasingly used in many industries, as it can provide essential support during the event of a power outage. This equipment can be used as a base load or as a standby application depending upon the industry's needs.
One major trend emerging in this market is the increasing adoption of gas generators as rental power. Various emission norms have led to the emergence of gas generators, as they are low in emissions and cost-effective.
According to the report, the most important driver of the market is an increase in demand because of natural calamities. Natural calamities can cause power failure or outage, which can hamper the growth of any economy. Thus, demand for rental power is high during peak hours.
Further, the report states that one of the key challenges in the market is the procurement of large amounts of fuel by vendors. The longer the time period of the project, the larger is the fuel requirement and storage period. Procurement and storage of fuel will negatively affect the revenue of vendors.
- Sunbelt Rentals
- The Hertz
- United Rentals
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/bqnxdm/north_america