Power Rental Systems Market Scope
Rental power system is defined as transitory power produced by rental systems for meeting power necessities. They are usually used in industries that are often situated distantly, without any access to permanent electricity and also used in circumstances like grid failure, power blackout, and disaster emergency. Supply side of this market is growing due to new product launches and various application in businesses. And demand side is rising owing to development in the industries such as manufacturing, construction, oil and gas, shipping, utilities and events.
According to AMA, the Global Power Rental Systems market is expected to see growth rate of 12.59%
Power rental system market is fragmented with some key performers such as Aggreko, Caterpillar, Atlas Copco and APR Energy. Increasing need of continuous power supply in key industries expected to drive the power rental system market. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Power Rental Systems market throughout the predicted period.
Aggreko (United Kingdom), Caterpillar Inc. (United States), United Rental (United States), Atlas Copco (Sweden), Cummins (United States), Ashtead Group (United Kingdom), SEL (United States), APR Energy (United States), Kohler (United States), HERC (United States) and Generac Power Systems (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Wartsila Corporation (Finland), Wacker Neuson (Germany), Rental Solutions & Services (United Arab Emirates), Speedy Hire PLC and Multiquip Inc..
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Power Rental Systems market by Type (Generator, Load Banks, Transformer and Others), by Application (Peak Shaving, Continuous Power and Standby Power) and Region with country level break-up.
On the basis of geography, the market of Power Rental Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 14 Feb 2018, Aggreko acquired Contact Electric Rentals, a specified middle and high voltage electrical supplier and transformer rental equipment.
Market Trend
- Increasing Adoption of Gas-based Generators
- Tailored Compressed Air Rental Solution
Market Drivers
- Inadequate Access to Electrical Energy in Rural Regions
- Surge in Power Loss Due to Old Infrastructure
Opportunities
- Technological Development in Air Compressors
Restraints
- Stringent Emission Regulations
Challenges
- Fluctuating Raw Material Prices
- Growing Emphasis on Renewable Energy
Key Target Audience
Utilities, Oil & Gas, Mining, Manufacturing, Construction, Events, Shipping, Data Center, Telecom, Agriculture, Military, Hospital, Research Organizations and Consulting Companies, Organizations, Associations and Alliances Related To Power Rental System, Government Bodies Such As Regulating Authorities and Policy Makers., Industry Associations, Market Research and Consulting Firms and Others