Massive Demand for Power Rental Services Market by Fuel, Power Rating, Equipment, End Users, Application, Region - Global Forecasts to 2024
The global market for energy rentals is projected to reach +21 billion dollars by 2024 at a CAGR of + 8%, from +14 billion estimated in 2019. This growth can be attributed to limited access to electricity in the villages. Areas and increased energy loss due to aging infrastructure.
By the end-user, the tool segment is expected to grow at the fastest rate in the forecast period:
In this report, the end-user energy rental market is divided into utilities, oil, and gas, mining, manufacturing, construction, events, transportation and data centers. Local networks lack reliable supplies, largely due to transportation networks that are weak or absent in regions such as Africa, Asia Pacific and developing countries. Access to an unreliable local network or limited access to the main transport network may prevent the electricity needed to continue production and operation. In such cases, there will be a rise in demand for generators as users use conventional power grids to reduce their use of the grid. Thus, there is a constant demand for the rental of energy from power plants to ensure continued electricity. Auxiliary companies mainly use rental generators during peak demand.
Using the software, the standby sector is expected to grow as quickly as possible during the forecast period:
A backup generator is an electrical backup system that operates within seconds of a power failure. The transmitter switch senses power loss and therefore turns the generator on or off. Most units work with diesel, natural gas or liquid propane gas. These generators are used in hospitals, office buildings, and schools.
Diesel generators represent the largest market size in the forecast period:
Diesel generators have been used for decades in standby and peak shaving and the purpose of continuous power generation. Diesel generators have a long lifespan, easy access to fuel and fast response. These are the factors driving the growth of the diesel generator market worldwide. The advantage of using a diesel generator is the constant current of the voltage, without peaks and gradients, so it helps to regulate the oscillations. Diesel generators are widely used in many commercial and commercial centers and are provided in portable formats that are mainly used by resident customers.
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Key Market Segments:
Key Market Players:
The major players in the global power rental market are Aggreko (UK), Caterpillar (US), United Rental (US), Atlas Copco (Sweden), Cummins (US), Ashtead Group (UK), SEL (US), APR Energy (US), Kohler (US), Rental Solutions & Services (UAE), HERC (US), Generac Power Systems (US), Wacker Neuson (Germany), and Wartsila Corporation (Finalnc). Aggreko, United Rental, Caterpillar are the prominent player of the market.
On the basis of End-User:
On the Basis of Application:
- Oil & Gas
- Data Center
- Others (Telecom, Agriculture, Military, Hospital, and Commercials among others)
On the Basis of Power Rating:
- Peak Shaving
- Standby Power
- Base Load/Continuous Power
On the Basis of Fuel:
- Less than 10 kW
- 11 kW - 20 kW
- 21 kW - 50 kW
- 51 kW - 100 kW
- 101 kW - 250 kW
- 251 kW - 500 kW
- 501 kW - 1,000 kW
- 1,001 kW -1,500 kW
- 1,501 kW - 2,000 kW
- 2,001 kW - 2,500 kW
- Above 2,500 kW
On the Basis of Equipment:
- Others (HFO, Dual Fuel, and Hybrid)
On the Basis of Region:
- Load Banks
- Others (Wire, Clamps and Power Plant)
Key Reporting Points:
- Asia Pacific
- North America
- Middle East
- South America
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Table of Content:
- This report examines in detail the main actors in the international and Chinese industry. This section provides company profile, product specifications, capacity, production value and market shares for each company from 2014-2019.
- The market is completely broken down by company, country and application/type of competitive landscape analysis.
- The report estimates the market development trend in the energy leasing service industry 2019-2024. Primary raw materials analysis, final demand, and current market dynamics are also implemented.
- The report, before assessing its feasibility, makes important suggestions for a new project for the energy rental service industry.
Chapter One Introduction of Power Rental Services Industry
Chapter Two Manufacturing Technology of Power Rental Services
Chapter Three Analysis of Global Key Manufacturers
Chapter Four 2014-2019 Global and Chinese Market of Power Rental Services
Chapter Five Market Status of Power Rental Services Industry
Chapter Six 2019-2024 Market Forecast of Global and Chinese Power Rental Services Industry
Chapter Seven Analysis of Power Rental Services Industry Chain
Chapter Eight Global and Chinese Economic Impact on Power Rental Services Industry
Chapter Nine Market Dynamics of Power Rental Services Industry
Chapter Ten Proposals for New Project
Chapter Eleven Research Conclusions of Global and Chinese Power Rental Services Industry
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