Global Generator Rental Market for Mining Industry 2017-2021

This industry research report identifies Aggreko, Atlas Copco, Cummins, Energyst, and United Rentals as the key vendors in the global generator rental market for mining industry. A comprehensive analysis of this market is also presented by product (diesel generator and gas generator) and geography (the Americas, APAC, and EMEA).

Overview of the global generator rental market for mining industry

Research analysis on the global generator rental market for mining industry identifies that the rising demand for rental power will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will post a revenue of more than USD 450 million by 2021. The limited availability of grid power in mining sectors located at the remote locations is the main driver for the generator rental market. The power requirement in mines are provided by grid power and are backed up by on-site power generation equipment. On-site power generation that is needed for the equipment to function is generally provided by large-scale diesel generators. The rising pressure in the industry due to diminishing margin fall in commodity prices has resulted in mining companies hiring generators rather than investing in generators for standby or main power. From small mining activities to large excavation sites, there has been a high dependence on diesel generators. This will drive the growth of the generator rental market for mining industry during the forecast period.

The rise in the utilization of gas and hybrid generators for rental power is one of the latest trends that will gain traction in this market. The gradual transition towards gas-powered generators has been observed in power generators market that produces cleaner power compared with diesel generators. They are a lot more efficient and produce close to 30% lesser emissions and produce lower noise levels with helping in achieving almost two-fifth lower emission levels than a diesel generator. Moreover, there is also an increasing demand for hybrid generators that run on dual fuels such as diesel and gas or a combination of batteries, charging systems, generators, and renewable energy connections. These generators are more cost effective and fuel efficient when compared to conventional generators.

Competitive landscape and key vendors  

The generator rental market for mining industry consists of established vendors with a global presence and several small and regional vendors holding maximum share in their regions. Vendors in the market are equipped to offer a wide variety of products and accessories within a short period of time. Some vendors provide wide turnkey solutions, starting from planning to remote monitoring systems.

The leading vendors in the market are ?

• Aggreko
• Atlas Copco
• Cummins
• Energyst
• United Rentals

The other prominent vendors in the market are Altaaqa Global, APR Energy, Ashtead Group, BPC Power Rentals, Bryne, Doosan Portable Power, Generac Power Systems, Herc Rentals, HIMOINSA, J C Bamford Excavators, Kohler Power, Multiquip, PR POWER, PT. Sumberdaya Sewatama, Sunbelt Rentals, Wacker Neuson.

Segmentation by product and analysis of the generator rental market for mining industry

• Diesel generator
• Gas generator

During 2016, the diesel generator segment accounted for the major shares of the generator rental market for the mining industry. Factors such as the  increased capability to store power at the mining sites and ease of fuel availability will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the generator rental market for mining industry

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the generator rental market for mining industry throughout the forecast period. The increased need for mined products rising from industries such as agriculture, steel, construction, chemicals, and electrical utilities will drive the growth of this market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global generator rental market for mining industry?
• What are the key market trends impacting the growth of the global generator rental market for mining industry?
• What are the challenges to market growth?
• Who are the key vendors in the global generator rental market for mining industry?
• What are the market opportunities and threats faced by the vendors in the global generator rental market for mining industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global generator rental market for mining industry?

Technavio also offers customization on reports based on specific client requirement.

Rental power is used to meet peak load demand, base load supply, or as a standby. The increasing need to provide uninterrupted power is a major factor driving the growth of the power rental market. This upcoming report on the global generator rental market for the mining industry is a vital part of the energy portfolio. Our report focuses on the major sub-segments like power to help clients strategize effectively and improve the decision-making process.

Our market research analysts follow an extensive market research process comprising of primary and secondary research methodologies including ways like vendor briefings, online surveys, and detailed discussions with the industry experts. This report provides some crucial factors influencing the growth of the mining industry. Moreover, the report also covers vendors like Aggreko, APR Energy, and Energyst.

Our upcoming market research report on generator rental market for mining industry identifies the  latest trends, drivers, and challenges in the market landscape. An increase in the use of gas generators for rental power is one of the major factors impelling the growth of the market over the coming years. Moreover, to provide a holistic overview of the market, we cover geographies like the Americas, APAC, and EMEA.

The upcoming market research report on global generator rental market also includes market analysis, new industrial applications, technological advancements, competitive landscape, and opportunities and challenges faced by the power industry. The report also covers the opportunities and challenges faced by vendors in this market and provide an overview of energy storage sector.

Our market research methodology for the generator rental market for mining industry

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.