Power Rental Market Global Opportunity and Challenges till 2023
Posted: Mar 15, 2019
The power rental market is expected to grow at a CAGR of 8.49%, from 2017 to 2022, to reach a market size of USD 20.64 billion by 2022. The major drivers of the power rental market include increasing power demand, a lack of power infrastructure, and revamping of old T&D infrastructure.
The power rental market is dominated by a few major players that have a wide regional presence and are established brand names. The leading integrated solutions providers in the power rental market include Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.), and APR Energy, PLC (U.K.).
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From an insight perspective, this research report has focused on various levels of analysis, namely industry analysis (industry trends), market share analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the power rental market, high-growth regions, and market drivers, restraints, and opportunities.
Key Questions addressed by the report
- The report identifies and addresses key markets for power rental, which would help manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into the drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and make better strategic decisions.
- Comprehensive mapping of the competitive landscape and the market participant behaviour.
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on products and integrated solutions and services offered by the top players in the global power rental market.
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the power rental market.
Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for power rental across regions.
Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global power rental market.
Competitive Assessment: In-depth vendor DIVE analysis of all the strategies, products, and manufacturing capabilities of the leading players in the global power rental market
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The European market is estimated to be the fastest growing power rental market from 2017 to 2022. Factors such as increased 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. The Russian market is expected to be the fastest growing European power rental market, during the forecast period.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues