DUBLIN--(BUSINESS WIRE)--The "Power Rental Market by Fuel (Diesel, Gas, Dual Fuel & HFO), Power Rating, End Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping), Application (Peak Shaving, Base Load, Stand by), by Region - Global Forecasts to 2022" report has been added to Research and Markets' offering.
The power rental market is projected to reach USD 20.64 billion by 2022, at a CAGR of 8.49%, from 2017 to 2022.
Power rental solutions are required by end-users, such as the utilities, oil & gas, manufacturing, and events sectors, that do not have access to permanent or sufficient grid power to managing peak loads and ensure smooth functioning. Moreover, these solutions can be deployed with a lower turnaround time and are less capital-intensive, which is expected to boost the demand for power rental solutions. The lack of power infrastructure and an increase in power demand would further drive the demand for power rental solutions. The power rental market is driven by the increasing power demand, lack of power infrastructure, and lesser turnaround time. However, there are various challenges faced by the market such as stringent emission regulations and a focus on renewable energy.
The European market is expected to grow at the highest CAGR, from 2017 to 2022. The increasing power consumption and aging power plants in Europe are driving the power rental market in the region. Furthermore, a majority of the nuclear power plants in Europe are over 40 years old, thus, increasing the risks of power outages and further driving the demand for power rental solutions.
- APR Energy, PLC
- Aggreko, PLC
- Ashtead Group, PLC
- Atlas Copco
- Bredenoord Exploitatiemij B.V.
- Caterpillar, Inc.
- Cummins, Inc.
- Generac Power Systems
- Hertz Equipment Rental Corporation
- Kohler Co.
- Multiquip, Inc.
- Power Electrics Bristol Limited
- Rental Solutions & Services, LLC
- Smart Energy Solutions
- Soenergy International, Inc.
- United Rentals, Inc.
- Wacker Neuson SE
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Power Rental Market, By Application
7 Power Rental Market, By End-Users
8 Power Rental Market, By Fuel Type
9 Power Rental Market, By Power Rating
10 Power Rental Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/cl9hzt/power_rental