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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.
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 ?
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.
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.
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.
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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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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