Scope of the Report:

• By Application
  • Peak Shaving
  • Standby Power
  • Base Load/Continuous Power
• By End-Users
  • Utilities
  • Oil & Gas
  • Events
  • Construction
  • Mining
  • Manufacturing
  • Shipping
  • Others
• By Fuel Type
  • Diesel Generators
  • Gas Generators
  • Others
• By Power Rating
  • Up to 50 kW Power Rating
  • 51 kW–500 kW Power Rating
  • 501 kW–2,500 kW Power Rating
  • Above 2,500 kW Power Rating

The report segments the power Rental market, by application, into peak shaving, base load/continuous power, and standby power. The standby power segment is expected to grow at the highest CAGR during the forecast period. Standby power refers to the power consumed by electronic and electrical appliances while they are switched off or in standby mode. A standby generator is an electrical backup system that operates within seconds of a power outage. The transfer switch senses the loss of power and accordingly starts or shuts off the generator. Most units run on diesel, natural gas, or liquid propane gas. These generators are used in hospitals, office buildings, and schools, among others.

Download PDF Brochure for Free @ https://www.marketsandmarkets.com/pdfdownload.asp?id=744

In this report, the power rental market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, Middle East, and Africa. 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 pace European power rental market during the forecast period. The construction industry in Russia had been experiencing a downturn due to weak economic growth, declining fixed capital investments, and declining oil prices. The 2018 FIFA World Cup, which will be hosted across 11 cities in Russia, is expected to increase construction activity in the country and lead to the urbanization of the cities hosting the event. This will increase the demand for transportation, accommodation, and retail infrastructure, thereby, driving the power rental market.

The North American market is expected to lead the power rental market during the forecast period. There is a significant increase in the demand for electricity in North America and the power sector in the region is facing challenges such as meeting energy efficiency targets and adhering to federal carbon policies. The macroeconomic factors influencing the power rental market in North America include an increase in infrastructure development and the demand for power from the utilities, oil & gas, industrial, construction, and mining sectors, the use of energy equipment, and growing end-user awareness of rental benefits. The power rental market in North America is competitive with players such as Cummins, Inc., Caterpillar, Inc., and United Rentals, Inc. headquartered in the region.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

The post This is One of The Best Report on Power Rental Market, have you Look This appeared first on Articles For Website.