Power Rental Market, By Technology, 2017 – 2024

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Global Power Rental Market 2017-224
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Global Market Power Rental Industry

• Global Power Rental Market size is anticipated to
  witness robust growth owing to growing
  electricity demand subject to frequent power
  outages and grid failure. According to a report
  by the Department of Energy (DOE), the U.S.
  electric grid loses 285 more power than in 1984.
  
• The number of power outages have risen from 76 in
  2007 to 307 in 2011.
• Growing investments towards infrastructure
  development will subsequently drive the global
  power rental market size during the forecast
  timeframe.
• Demand for the reliable and cheap electricity
  across the construction site will attract the
  demand for generators. In Aug 2015, Majid Al
  Futtaim group based in Dubai announced plans to
  invest USD8.17 billion over the next 10 years.

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Continued...

• Increasing exploration and production of crude
  oil in deep and ultra-deep sea beds will
  influence the industry size across the globe.
  These events are taking place across the off grid
  remote areas which is substantially raising the
  demand for power rental market. In 2014, Aggreko
  had provided critical electricity generation
  systems for projects operating isolated parts of
  the African continent.
• Stringent regulations tied with rising
  environmental awareness may hinder the global
  power rental market growth. Accelerating pressure
  to use eco-friendly technologies to produce power
  and limited differentiation of product are
  raising concerns for diesel generators which will
  hamper the business outlook.
• In terms of fuel type the global power rental
  market is segmented into diesel and gas
  generators. Diesel generators will witness
  significant growth due to longer life span, easy
  availability, and higher energy density of fuel.
  Gas based generators industry size will witness
  substantial growth due to adoption of clean
  technologies.

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Market research reports Key analytical components

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360 Analysis

• Application Trends
• Based on application the global power rental
  market is segmented into base load, peak shaving
  and standby. Base load is expected to grow
  significantly due to growing applications in
  various industries including construction, oil
  gas and mining. Peak shaving holds the dominant
  position due to rising awareness among industries
  to control high demand charge during peak hours.
  Standby has a moderate growth due to their
  limited application across the globe.
• Regional Trends
• The U.S. power rental market is anticipated to
  witness extensive growth during the forecast
  period subject to aging infrastructure leading to
  frequent blackouts. Increasing demand for
  reliable power across the country will positively
  impact the industry outlook.
• UAE power rental market anticipated to witness
  extensive growth due to rising investments
  towards the exploration and production of new OG
  fields.

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