Power Rental Market to Receive Thrust from Asia-Pacific, to Rise to US$20.64 billion by 2019


Posted May 11, 2015 by john55364

It had a net worth of US$7.28 billion in 2012 and is expected to rise to US$20.64 billion by 2019, growing at an exemplary CAGR of 16.2% between 2013 and 2019.

 
The global power rental market and its key applications are studied in depth in a recent research report announced by Transparency Market Research. The report is titled “Power Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019”. The report regards high population growth and a mounting demand for electricity in emerging economies as the two chief factors driving the global power rental market.The report states that the marketplace for power rentals is a globally established market. It had a net worth of US$7.28 billion in 2012 and is expected to rise to US$20.64 billion by 2019, growing at an exemplary CAGR of 16.2% between 2013 and 2019.

Browse the full Power Rental Market report at http://www.transparencymarketresearch.com/power-rental-market.html

Other than mounting energy demands, the factors of increased grid instability and power spikes are the other chief factors leading to an increased demand for reliable power rental setups across the globe, especially from the industrialized sector. Rising awareness about curtailing energy consumption during peak hours particularly in energy-intensive industries is another key factor driving the global power rental market. The global market for power rentals is also expected to significantly benefit from increased demand from off-grid regions.However, the market’s growth is also somewhat restrained due to tightening regional regulations governing the usage of diesel power generators due to their ill effects on the environment. This issue can be overcome by the development of advanced power rental systems, which presents a lucrative opportunity for market players.

Of the various applications of the global power rental market analyzed in the report, the market segment of continuous power held the majority market share in 2012, followed by peak shaving and standby applications. The market for peak shaving is expected to increase at a CAGR of 16.8% over the report’s forecast.From a geographical standpoint, the regional markets of the Middle East and Africa (MEA) led the market by collectively accounting for more than 31% of the overall market in 2012. Demand for power rentals in Asia Pacific followed MEA in the same year, accounting for over 19% of the market. While the Asia Pacific power rental market is expected to rise at a CAGR of 16.8% over the report’s forecast, the power rental market in the MEA region is projected to rise to US$6.87 billion by 2019.

Browse the full Power Rental Market Press Release report at
http://www.transparencymarketresearch.com/pressrelease/power-rental-market.htm

The report presents a detailed financial profile of some of the key vendors operating in the global market for power rental systems. These include Rental Power Solutions, Rental Solutions & Services (RSS), Perennial Technologies Private Ltd, Speedy Hire Plc, Worldwide Power Products LLC, Power Electrics (Bristol) LIMITED, United Rentals, Atlas Copco AB, APR Energy, Aggreko PLC, Ashtead Group, PLC., Kohler. Co., Cummins, Inc., Energy International Inc, (IE), and Hertz Corporation.

Get Free Sample Report at -
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1763
About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Tags Power Rental Market , Global Power Rental Market , Power Rental Market Analysis , Power Rental Market Size , Power Rental Market Trends , Power Rental market forecast
Last Updated May 11, 2015