Power Rental Market Trends and Growth, Analysis and Overview

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Power Rental Market Share, Size, Emerging Trends and Growth,
Analysis, Overview and Forecasts 2016-2020
Technavio Announces the Publication of its Research Report – Global Power Rental Market 2016-2020
Technavio recognizes the following companies as the key players in the global power rental market:
Aggreko, APR Energy, Atlas Copco, Energyst, Himoinsa, and United Rentals.
Other Prominent Vendors in the market are: Altaaqa Global, Ashtead, Bryne Equipment Rental,
Cummins, Hertz Equipment Rental, Kohler Power, and Sewatama.
Commenting on the report, an analyst from Technavio’ s team said: “Increase in use of gas generators
for rental power will be a key trend for market growth. Environmental reforms and stringent
government regulations to reduce emissions have led to new technology being developed where
generators involve less fuel consumption while increasing the power output. A recent trend has been
the shift to gas power generators. The use of gas produces cleaner power than diesel as it is more
efficient, produces 30% fewer emissions and less noise than diesel generators. Gas is comparatively
cleaner than other non-renewable fuels and is also relatively cheaper to operate than a diesel
generator.”
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According to the report, one of the key drivers for market growth will be increasing demand for rental
power. Urbanization and a growing population have created an increasing strain on power utilities to
meet the power demand. Though governments of various countries have invested in building new
power plants as long-term energy sources, shortage of power supply is preventing power companies
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from meeting the immediate demand. The surge in residential and commercial infrastructure
development is resulting in peak-hour supply constraints. These factors have compelled power
companies to rely on temporary power generation sources to cater to the growing power demand.
Further, the report states that one of the key challenges for the market will be stringent emission
standards. In response to the growing environmental concerns across the world, the US EPA has
imposed several regulations regarding hazardous emissions. Local authorities in the Americas have also
established general standards in response to the EPA's policies. The US EPA focuses on cleaner
standards by targeting diesel fuels and encouraging the use of new diesel engines. These regulations
cover the use of fuels such as low sulfur and ultra-low sulfur diesel fuels for engine efficiency.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Power Rental
Rental power is used to meet peak load demand, base load supply or as a standby. The need to provide
uninterrupted power is a major factor driving the growth of the power rental market; as using power
rentals is more economical than maintaining a reserve plant, the demand for rental power has risen
over time. The demand for rental power is expected to increase on account of growing public
infrastructure construction, the increasing industrial base, and supply of power to remote areas. The oil
and gas sector is a major end-user of rental generators and deploys them across the entire value chain;
this is because most of the oil refineries and sites are located in remote areas where grid power is
inaccessible.
Technavio’ s analysts forecast the global power rental market to grow at a CAGR of 4.92% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global power rental market for
2016-2020. To calculate the market size, Technavio considers the revenue generated from the
application of power rental across major end-user industries like utilities, oil and gas, and industria;l
sector.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Power Rental Market 2016-2020, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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According to the report, one of the key drivers for market growth will be increasing demand for rental power. Urbanization and a growing population have created an increasing strain on power utilities to meet the power demand. Though governments of various countries have invested in building new power plants as long-term energy sources