A new report released this month says the power rental market is likely to grow significantly in the coming years. With many companies now supplying rental power, the quality of service is improving, enhancing the confidence of buyers in purchasing energy on rent.
Transparency Market Research released the report called Power Rental Market - Global Industry Analysis, Market Share, Size, Growth, Trends and Forecast, 2012-2018 covering the power equipment rental segment. According to results, North America is currently the largest segment for power rental revenue, followed by the Middle East and the Asia-Pacific region, primarily used in construction, utility, oil and gas, quarrying, mining and events. Power rental is growing in developing countries where there is a lack of infrastructure and grid stability.
The construction industry is a major market, with its requirements for continuous power. Grid power is not always available because of location or specific requirements. Some of the major players include Aggreko, Caterpillar, Cummins, Kohler, APR Energy, Hertz, Worldwide Power Products and Speedy Hire.
The research report analyzes the market depending on market segments, geographies and current market trends. The report analyzes the markets in North America, Asia Pacific, Europe and the rest of the world, providing analysis of market growth drivers, factors limiting market growth, current market trends, market structure and market projects for upcoming years.