Global Generator Rental Market for Mining Industry 2017-2021
About Generator Rental for Mining Industry
Rental power is used as an alternative power or as prime power in areas where grid power is non-existent or unreliable. High capacity power generators are hired to meet the on-site power needs and can be scaled to meet the temporary demand without the need for investing in generators. Mining sites are often in remote areas where access to grid power is limited or non-existent. This is the primary factor driving the need for generator rental power in the mining industry.
Technavio’s analysts forecast the global generator rental market for mining industry to grow at a CAGR of 3.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global generator rental market for mining industry for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Generator Rental Market for Mining Industry 2017-2021
Technavio recognizes the following companies as the key players in the global generator rental market for mining industry: Aggreko, Atlas Copco, Cummins, Energyst, and United Rentals.
Other Prominent Vendors in the market are: Altaaqa Global, APR Energy, Ashtead Group, BPC Power Rentals, Bryne, Doosan Portable Power, Generac Power Systems, Herc Rentals, HIMOINSA, J C Bamford Excavators, Kohler Power, Multiquip, PR POWER, PT. Sumberdaya Sewatama, Sunbelt Rentals, Wacker Neuson.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is expansion in mining industry in developing countries. The global demand for mineral-based products is expected to increase majorly because of the continuing expansion of mining activities in developing nations. Therefore, the increase in demand for mineral-based products is expected to lead to an increase in demand for rental power for on-site operations.”
According to the report, one driver in the market is increasing demand for rental power. Generally, for a wide population of a country, electricity is supplied by a utility or electricity corporation. However, this is not the case in the mining sector where mines are located in remote wilderness. Also, grid power is limited or non-existent in these remote locations. Mining is one of the most energy intensive industries. Heavy machinery such as excavators, drills, shovels, and excavating machines are used to dig trenches and extract tons of mineral ores.
Further, the report states that one challenge in the market is alternative energy for mining. Diesel generators supply a major portion of the on-site power required in mines. Owing to their high reliability, these generators are used in small sites as well as large excavation sites. Large mining equipment such as shovels, drills, and excavating machinery are powered by diesel generators, without which more number of manpower and equipment would be necessary to complete the tasks. Thus, electric generators are essential to the mining industry. However, power is an operating expenditure and in remote sites, diesel generators are the only source of on-site power generation.
Aggreko, Atlas Copco, Cummins, Energyst, United Rentals, Altaaqa Global, APR Energy, Ashtead Group, BPC Power Rentals, Bryne, Doosan Portable Power, Generac Power Systems, Herc Rentals, HIMOINSA, J C Bamford Excavators, Kohler Power, Multiquip, PR POWER, PT. Sumberdaya Sewatama, Sunbelt Rentals, Wacker Neuson