Download presentation
Presentation is loading. Please wait.
Published byMaree Aston Modified over 7 years ago
1
© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Power Rental Market Forecast 2017-2024 Power Rental Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, France, UK, Russia, China, India, Japan, Brazil, Mexico, Saudi Arabia, UAE, South Africa, Mozambique, Ghana), Application Development, Competitive Market Share & Forecast, 2017 – 2024
2
© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Global Power Rental Market size is anticipated to witness robust growth owing to growing electricity demand subject to frequent power outages and grid failure. According to a report by the Department of Energy (DOE), the U.S. electric grid loses 285% more power than in 1984. The number of power outages have risen from 76 in 2007 to 307 in 2011. Growing investments towards infrastructure development will subsequently drive the global power rental market size during the forecast timeframe. Demand for the reliable and cheap electricity across the construction site will attract the demand for generators. In Aug 2015, Majid Al Futtaim group based in Dubai announced plans to invest USD8.17 billion over the next 10 years. Increasing exploration and production of crude oil in deep and ultra-deep sea beds will influence the industry size across the globe. These events are taking place across the off grid remote areas which is substantially raising the demand for power rental market. In 2014, Aggreko had provided critical electricity generation systems for projects operating isolated parts of the African continent. Global Market Scenario of Power Rental
3
© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Product Analysis:- In terms of fuel type the global power rental market is segmented into diesel and gas generators. Diesel generators will witness significant growth due to longer life span, easy availability, and higher energy density of fuel. Gas based generators industry size will witness substantial growth due to adoption of clean technologies. Oil & gas, construction, utilities, mining, manufacture and shipping are some of the segments of the global power rental market based on end-users. Oil & gas holds the dominating share owing to limited grid connectivity to meet electricity requirements across oil & gas fields. Construction has a substantial growth subjected to ongoing industrialization and urbanization around the globe. Regional Trends:- The U.S. power rental market is anticipated to witness extensive growth during the forecast period subject to aging infrastructure leading to frequent blackouts. Increasing demand for reliable power across the country will positively impact the industry outlook. UAE power rental market anticipated to witness extensive growth due to rising investments towards the exploration and production of new O&G fields. The gross consumption of electricity will reach 141 TWh in 2020 as compared to 103 TWh in 2014.
4
© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Competitive Trends: Notable players operating in the power rental market includes GE Energy Rentals, Taqa Arabia, Caterpillar, Aggreko, APR Energy, Symbion, Atlas Copco, Neptune Plant Hire, Energyst, Himoinsa, United Rentals, APR Energy, Altaaqa Global, Bryne Equipment Rental, Mantrac, Kohler Power, Cummins, Powerhouse, Sewatama, Shoreline, Ashtead.
5
© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Latest Research Report On Power Rental Market @ http://bit.ly/2pGJ5Hy Request for a Sample of this Research report @ http://bit.ly/2opTAeM http://bit.ly/2opTAeM
6
© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Stay In Touch You can visit us at: www.gminsights.comwww.gminsights.com Thank You…!
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.