Global Power Rental Market - Analysis and Forecast (2014 - 2024)

Global Power Rental Market Industry Overview Global power rental market was valued at USD 9.3 billion in 2017. The market is further expected to witness significant growth during the forecast period owing to increasing utilization of power across the globe. Increasing emphasis on construction and development, progression of power infrastructure and enhanced power consumption is projected to uplift the demand for power rental in the near future.

Global Power Rental Market Growth Drivers The increasing demand of power and availability of new customized compressed air rental solutions are the major factors driving the growth of global power rental market. The major advantage involved with renting power equipment includes abandoning upfront outlay, tax savings, upgraded technology, reducing burden on balance sheet and evading transportation and storage cost. The increment in power demand is observed due to various macroeconomic factors and extensive industrial movement. These factors are contributing towards the rapid growth of power rental market across the globe.

Global Power Rental Market Geographic Overview: The North American market is expected to dominate the power rental market during the forecast period owing to huge demand for electricity in this region. Moreover, the region is following federal policies of carbon and is try to face challenges such as attaining energy efficiency targets. Furthermore, extensive infrastructure development, increasing demand for power from several industries such as oil & gas, construction, industrial, mining sectors and utilities is strengthening growth of this market in this region. The region comprises of headquarters certain key players in the industry as well such as Cummins, Inc., United Rentals, Inc., and Caterpillar, Inc.

Global Power Rental Market Competitive Insight Key players in the global power rental market includes APR Energy, Aggreko PLC, United Rentals Inc., Herc Holdings Inc., Caterpillar Inc., Quippo Infrastructure Equipment Limited., Ashtead Group PLC, Atlas Copco AB, Al Faris Group, and Cummins Inc. Explore Full Report Sample at: https://www.vynzresearch.com/energy-power/power-rental-market

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