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Global Power Rental Services Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR13014
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This industry research report identifies Aggreko, APR Energy, Atlas Copco, and United Rentals as the key vendors in the global power rental services market. This industry research report also presents a competitive analysis of the market by end user (utilities, oil and gas, industrial, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global power rental services market

Market research analysts at Technavio predict that the global power rental services market will grow steadily during the forecast period and post a CAGR of more than 3% by 2021. This market research analysis identifies the increase in power purchase agreements as one of the primary growth factors for this market. Rapid urbanization and the growing number of commercial establishments have created the need for constant power supply since the deficit in power supply results in business loss. As a result, enterprises will start forming partnerships with power rental utilities that mobilize the equipment and carry out operations to offer continuous power supply. In addition to commercial establishments, government organizations of several countries are also preferring power rental services for the continuous supply of power. For instance, the Angolan Ministry of Energy and Water already awarded the power rental services provider HIMOINSA with a contract for supplying 25 MW of power during 2012.

The market research report identifies the adoption of hybrid power generators as one of the primary trends behind the growth of this market. With the increasing need for additional power sources, the coming years will witness an increased demand for technologies that will help manage multiple power sources, in turn, driving the adoption of hybrid power generators. Additionally, benefits such as low cost, reduced rate of emissions, and better performance will also fuel the demand for hybrid power generators.

Competitive landscape and key vendors

The market is highly fragmented due to the presence of several prominent vendors who offer a diverse range of products to cater to the different needs of the clients in various sectors. These players provide an extensive portfolio of services, which can be scaled based on the needs of customers, thus making it a competitive market. Additionally, the players also provide customized and turnkey solutions for consumer specific power requirements.

The leading vendors in the market are -

  • Aggreko
  • APR Energy
  • Atlas Copco
  • United Rentals

The other prominent vendors in the market are BPC Power Rentals, Cummins, Doosan Portable Power, Energyst, Generac Power Systems, Herc Rentals, HIMOINSA, J C Bamford Excavators, Kohler, Multiquip, PR POWER, Sunbelt Rentals, and Wacker Neuson.

Segmentation by end user and analysis of the power rental services market

During 2016, the utilities segment accounted for the major shares and dominated this market. Utilities primarily use rental power to peak load shaving in addition to bridge the demand-supply gap which arises due to the ever-growing power demand. Factors such as the high demand for power due to high urbanization and high population growth will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the power rental services market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. This is mainly due to the availability of a well-developed power network in this region. Since power outages result in huge financial losses, there is a high demand for backup power sources from organizations in this region, which will consequently drive the growth of the market.

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 power rental services market?
  • What are the key market trends impacting the growth of the global power rental services market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global power rental services market?
  • What are the market opportunities and threats faced by the vendors in the global power rental services market?
  • 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 power rental services market? 

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

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Geographical segmentation

  • Global power rental services market by geography
  • Power rental services market in Americas
  • Power rental services market in EMEA
  • Power rental services market in APAC

PART 07: Market segmentation  by end-users

  • Global power rental services market by end-user
  • Global power rental services market in utility sector
  • Global power rental services market in oil and gas sector
  • Global power rental services market in industrial sector
  • Global power rental services market in others sector

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges                                                

PART 10: Market trends

  • Increase in use of gas generators for rental power
  • Growing power rental market
  • Adoption of hybrid power generators                

PART 11: Vendor landscape

  • Other prominent vendors

PART 12: Key vendor analysis

  • Aggreko                                                               
  • APR Energy
  • Atlas Copco
  • United Rentals

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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