Global Power Rental Market By Fuel Type (Diesel Generators, & Gas Generators), Power Rating (Up to 50 kW, 51 kW-500 kW, 501 kW-1000 kW, Above 1000 kW), End-User, Application, Region, Company, Competition, Forecast & Opportunities, 2024
|出版日||ページ情報||英文 110 Pages
|レンタル発電機の世界市場：競合予測と機会 Global Power Rental Market By Fuel Type (Diesel Generators, & Gas Generators), Power Rating (Up to 50 kW, 51 kW-500 kW, 501 kW-1000 kW, Above 1000 kW), End-User, Application, Region, Company, Competition, Forecast & Opportunities, 2024|
|出版日: 2019年02月01日||ページ情報: 英文 110 Pages||
Global Power Rental Market By Fuel Type (Diesel Generators, and Gas Generators), By Power Rating (Up to 50 kW, 51 kW-500 kW, 501 kW-1000 kW, Above 1000 kW), By End-User (Commercial, Manufacturing, Events, Construction, Utilities, Mining, Oil & Gas and Others), By Application (Prime Power, Standby Power, Continuous Power), By Region, By Company, Competition, Forecast & Opportunities, 2024.
Global power rental market is anticipated to grow at a CAGR of 9% and surpass $ 20 billion by 2024 on account of increasing power loss due to aging infrastructure and limited access to electricity in rural areas. Rental power plants are the best solution for the temporary power shortage. The rental power plants are designed to stabilize the utility power grids and to provide extra energy to the communities and support industries that are facing efficiency problems due to insufficient power supply.
Upsurge in the demand from the events and entertainment industry and power needs in the natural disaster-affected regions are some of the factors driving the power rental market growth, globally. Growing demand for electricity coupled with power outages, which is a common problem in underdeveloped and developing nations, would boost the global power rental market. Furthermore, rising awareness about the advantages of outsourcing is making customers more bias towards renting power, as this allows them to focus on their core competencies expertise instead of worrying over managing finances for purchasing the machine.
In terms of fuel type, global power rental market is categorized into diesel generators, gas generators and others. The diesel generators category accounted for a significant portion of the power rental market in 2018, as these generators provide a quick response, as well as have a long running life and easy availability of fuel. Moreover, diesel generators help regulate fluctuations by providing continuous stream of voltage power, without dips and peaks of other devices. Diesel generators are used in many manufacturing and commercial facilities and are easily available in portable form, thus diesel run generators are expected to maintain their strong market position during the forecast period.
In terms of application, global power rental market is categorized into commercial, manufacturing, event, construction, utilities, mining, oil & gas and others. The utilities category accounted for a significant portion of the global market in 2018, owing to aging fleet of thermal power plants in various regions, which in turn is resulting in their conversion or decommissioning into natural gas-fueled plants. Thus, to fill the power supply demand gap during the maintenance, conversion or shut down of power plants, utility companies are renting power generators of different ratings.
Regionally, North America is the largest market for power rental across the globe, on account of aging infrastructure and increasing power demand in the region. Moreover, power rental market in Middle East & Africa is witnessing significant growth, backed by increasing number of construction projects, growing utilities sector, extreme weather conditions, post-disaster emergencies and unavailability of power grid in remote locations. Over the coming years, power rental market in Middle East & Africa is expected to register significant growth.
Global power rental market is highly fragmented, owing to the presence of many power rental players in the market. Vendors provide required power solutions such as modular generation systems to meet the evolving needs of the end-user industries. Some of the leading players in the global power rental market are Kohler Co., Atlas Copco, Caterpillar Inc., Aggreko PLC, among others.
Some of the leading players in global power rental market are: Kohler Co., Atlas Copco, Caterpillar Inc., Aggreko PLC, Speedy Hire PLC, Herc Holdings Inc., Multiquip Inc., Bredenoord Exploitatiemij B.V., Wacker Neuson SE and Wartsila Corporation.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major providers across the globe.
TechSci Research calculated global power rental market size using a top down approach, where data for various application across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, end users etc. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.
In this report, global power rental market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global power rental market.
With the given market data, TechSci Research offers customizations according to a company's specific needs.
Detailed analysis and profiling of additional market players (up to five).
Profit margin analysis in case of direct and indirect sales channel.
15.3.1 Kohler Co.
15.3.2 Atlas Copco
15.3.3 Caterpillar Inc.
15.3.4 Aggreko, PLC
15.3.5 Speedy Hire PLC
15.3.6 Herc Holdings Inc.
15.3.7 Multiquip Inc.
15.3.8 Bredenoord Exploitatiemij B.V.
15.3.9 Wacker Neuson SE
15.3.10 Wartsila Corporation
(Note: The companies list can be customized based on the client requirements)