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Power Rental Market by Fuel (Diesel, Gas, Dual Fuel & HFO), Power Rating, End Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping), Application (Peak Shaving, Base Load, Stand by), by Region - Global Forecasts to 2022

Power Rental Market: Global Forecasts until 2022

  • July 2017
  • 197 pages
  • ID: 5040089
In this report:
According to the BP Statistical Review of World Energy June 2016, the primary energy consumption in Japan, in 2015, was ##.## million tonnes and electricity generation was ##.## TWh.
In the same year, electricity supply reached ##.## TWh and, with a projected peak demand of ##% per year, it is expected to reach ##,## MW by 2022.

Summary

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"The power rental market is estimated to rise at a compound annual growth rate of ~8.5 percent, between 2017 and 2022"

The power rental market is estimated to grow ~$20.6B by 2022, at a compound annual growth rate of ~8.5 percent, between 2017 and 2022. Power rental solutions are required by consumers, including the utilities, oil & gas, manufacturing, and events industries, that do not have access to permanent or sufficient grid power to managing peak loads and ensure smooth functioning. Furthermore, these solutions can be deployed with a lower turnaround time and are less capital-intensive, which is anticipated to boost the sector demand for power rental solutions.

The lack of power infrastructure and a rise in power demand would further drive the market demand for power rental solutions. The power rental market is influenced by the growing power demand, lack of power infrastructure, and lesser turnaround time. Nevertheless, there are different challenges faced by the market including stringent emission regulations and a focus on renewable energy.

"The events end-user segment is anticipated to increase at the maximal compound annual growth rate (CAGR), between 2017 and 2022"

The events segment is anticipated to be the quickest increasing power rental market, by end-user, between 2017 and 2022. Events are defined as planned public or social occasions and can be classified as musical, sports, and other entertainment activities. In this analysis, sporting events have also been considered as part of the market. The sports market recorded an expenditure of $145.0B in 2015 and is anticipated to grow at a Compound annual growth rate of 4.0 percent over the next five years.

At events, there is a need to fast-track power to preserve a continuous supply of electricity resulting in the large demand for power rental solutions and providing a boost to the power rental market. The events power rental sectors in Europe (EU) and North America continent are anticipated to have larger shares in comparison to the industries in other regions.

"The 1,501 kW-2,000 kW power rating segment is anticipated to be the biggest market"

The 1,501 kW-2,000 kW segment is anticipated to be the biggest power rental market, by power rating. Generators in the 501 kW-2,500 kW power rating category are used in the mining, oil & gas, manufacturing, shipping, and utility markets. These generators can be used to provide standby power as well as power during peak shaving.

"The european (EU) market is anticipated to rise at the highest CAGR (Compound annual growth rate), between 2017 and 2022

The european (EU) market is anticipated to grow at the highest compound annual growth rate (CAGR), between 2017 and 2022. The rising power consumption and aging power plants in EU are driving the power rental market in the territory. Moreover, a majority of the nuclear power plants in Europe (EU) are over 40 years old, therefore, growing the risks of power outages and further driving the industry demand for power rental solutions.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects.

The classification of primaries interviews is like:

- By Company Type: Tier 1 62.0 percent, Tier2- 23.0 percent, Tier 3 15.0 percent

- By Designation: D-Level- 40.0 percent, C-Level- 35.0 percent, Engineer Level- 25.0 percent

- By area: Asia-pac- 35%, Middle East - 20.0 percent, North america (NA) - 15.0 percent, Europe - 12.0 percent, Africa - 10.0 percent, South America- 8.0 percent

The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2016: Tier 1 = > $10.0B, Tier 2 = From $1.0B to $10.0B, and Tier 3 = < $1.0B

Source: Industry Experts and MarketsandMarkets Analysis

The key players in the power rental market contain Caterpillar, Incorporated, Aggreko, PLC, Cummins, Incorporated, United Rentals, Incorporated, and APR Energy, PLC.

Segment Research

From an insight prospect, this market research has emphasized several levels of analysis, namely industry study, market share review of the top actors, supply chain research, and company descriptions, which together comprise and evaluate the basic overviews on the competitive landscape, coming out and high-growth segments of the power rental market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on products and integrated solutions and services provided by the top actors in the overall power rental market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the power rental market

• Market Development: Highlighted information about lucrative emerging markets-the report examines the industries for power rental across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall power rental market

• opposing assessment: In-depth vendor DIVE review of all the strategies, products, and manufacturing competences of the key players in the overall power rental market

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