Global Power Rental Market is Expected to Reach $24.92 billion by 2023

Market Research Report on Global Power Rental Market

RAIPUR, INDIA, January 22, 2018 /EINPresswire.com/ --

Report Sellers has added a new market research report “Power Rental - Global Market Outlook (2017-23)” to its offerings.

According to Report, the Global Power Rental Market is accounted for $12.64 billion in 2016 and expected to grow at a CAGR of 10.1% to reach $24.92 billion by 2023. The market is driven by increasing demand for power, new customized compressed air rental solutions and expanding construction activity in GCC countries. However, the presence of stringent regulations coupled with rising environmental awareness, rise in distributed energy and battery storage might hamper the market growth. Next-generation air compressors and obsolete permanent power plants will provide good opportunity for the market growth.

Based on Application, the standby power segment is anticipated to grow at the highest CAGR during the forecast period. Standby power is designated as, the power consumed by electronic and electrical appliances while they are switched off or in standby mode. The transfer switch senses the loss of power and accordingly starts or shuts off the generator. Most units run on diesel, natural gas, or liquid propane gas. Peak shaving will grow significantly as Peak shaving is the process of reducing the amount of energy purchased from the utility company during peak demand hours. Utility companies typically have variable pricing based on demand, and the pricing during the peak demand hours is typically the highest.

Growing construction markets especially in Central and Eastern Europe are aiding market growth for power rentals. Hence with rapid industrialisation and commercialisation engulfing the Eastern European region, the power rental markets are expected to benefit. The North American market is expected to dominate the market during the forecast period due to the macroeconomic factors influencing the market and an increase in infrastructure development. The key players in global Power Rental market are Aggreko plc, APR Energy, Atlas Copco, Energyst, Himoinsa, United Rentals, Inc., Sunbelt Rentals, Inc., Herc Rentals, Inc. and Caterpillar, Inc.

Browse through the complete description and in-depth TOC on “Global Power Rental Market”
https://www.reportsellers.com/market-research-report/Power-Rental---Global-Market-Outlook-2017-2023

What does the Report Offers

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global Power Mental Market has been segmented by fuel types covered, power ratings covered, applications covered, end users covered and regions covered

Fuel Types Covered:
Gas Generators
Diesel Generators
Other Fuel Types

Power Ratings Covered:
Up to 50 kW Power Rating
51 kW?500 kW Power Rating
501 kW?2,500 kW Power Rating

Applications Covered:
Base Load/Continuous Power
Peak Shaving
Standby Power

End Users Covered:
Construction
Events
Manufacturing
Mining
Oil & Gas
Shipping
Utilities
Other End Users

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

Request sample here https://www.reportsellers.com/market-research-report/Power-Rental---Global-Market-Outlook-2017-2023

We have a large number of reports in Energy & Natural Resources Industry which can be accessed in the following link: https://www.reportsellers.com/category/energy-natural-resources-market-research-report

About Report Sellers

Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.

Aditya Joshi
Report Sellers
+1-214-396-2385
email us here