The European power rental market is valued at $1.6 billion in 2014 and is projected to reach $2.9 billion by 2019 at CAGR of 11.9%.

Construction is one of the important activities, necessary for building infrastructure in any country. Better infrastructure leads to the economic development of the region. A lot of construction activities are going on in developing countries. The construction activities need power sources which are not easily available because of limited installed power generation capacities and the lack of power transmission facilities in these regions. The increasing power demand considering the ongoing construction activities is one of the factors that boost the power rental market.

Construction activity requires temporary power, for operating various construction equipments. The power demand on construction site is of fluctuating nature. The permanent source of power can be a solution to the power requirement. However, this does not seem economically feasible due to huge capital expenditure and fluctuating and temporary nature of the power requirement in the construction industry. Power renting is economical as the companies do not have to indulge in huge capital investments. The construction companies can save the time and funds needed for maintenance of the power generating equipment, by renting the power generating equipment, instead of buying them. Hence, more and more construction companies are opting for the power renting services.

The market is segmented and forecast on the basis of geography, which includes North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. This report includes market share and value chain analyses, along with the market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.

Browse through the market data tables, figures and detailed ToC on the “Europe Power Rental Market”.

http://www.micromarketmonitor.com/market/europe-power-rental-7041810943.html

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North America Power Rental Market

The North American Power Rental market is estimated at $1.9 billion in 2014, and is projected to reach $2.63 billion by 2019 at a CAGR of 5.84%. It is segmented on basis of end user industry, types, countries and applications.This market includes mainly diesel gensets, gas gensets, and other gensets, which comprise 64.6%, 25.2% and 10.2% of the market respectively.This market is applied in Peak Load, Base Load, and Standby.

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