Global Power Rental Services Market 2017-2021

Global Power Rental Services Market 2017-2021

About Power Rental Services

Power rental services are the additional services which a vendor provides to the client, apart from making a generator and other accessories available for rent. These services enhance the customer satisfaction and reduce the downtime and operational costs incurred due to poor maintenance/planning. The market encompasses services, such as pre-inspection, remote monitoring, fuel management, equipment testing, and contingency planning. Power rental equipment provides essential support to businesses and consumers during power outages. Diesel and gas generators are common forms of this equipment. In addition, power rental generators are being used as base load or as a standby application, depending on the industry needs.

Technavio’s analysts forecast the global power rental services market to grow at a CAGR of 3.32% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global power rental services market for 2017-2021. To calculate the market size, 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:

• Americas
• APAC
• EMEA

Technavio's report, Global Power Rental Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Aggreko
• APR Energy
• Atlas Copco
• United Rentals

Other prominent vendors

• BPC Power Rentals
• Cummins
• Doosan Portable Power
• Energyst
• Generac Power Systems
• Herc Rentals
• HIMOINSA
• J C Bamford Excavators
• Kohler
• Multiquip
• PR POWER
• Sunbelt Rentals
• Wacker Neuson

Market driver

• Increasing power purchase agreements (PPAs).
• For a full, detailed list, view our report

Market challenge

• Rise in distributed energy and microgrids to improve grid flexibility.
• For a full, detailed list, view our report

Market trend

• Increase in use of gas generators for rental power.
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Power Rental Services Market 2017-2021

Technavio recognizes the following companies as the key players in the global power rental services market: Aggreko, APR Energy, Atlas Copco, and United Rentals.

Other Prominent Vendors in the market are: BPC Power Rentals, Cummins, Doosan Portable Power, Energyst, Generac Power Systems, Herc Rentals, HIMOINSA, J C Bamford Excavators, Kohler, Multiquip, PR POWER, Sunbelt Rentals, and Wacker Neuson.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increase in use of gas generators for rental power. Environmental reforms and stringent government regulations to reduce emissions have led to new technology being developed for generators, which involve less fuel consumption while increasing the power output. A recent trend has been the shift to gas power generators. The use of gas produces cleaner power than diesel.”

According to the report, one driver in market is increasing power purchase agreements (PPAs). The constant power supply is a crucial necessity for a business, and it is even more crucial in developing countries, owing to rapid industrialization. Supplying power is the responsibility of the respective utility. However, utilities suffer from power deficit due to several factors, such as drought in a country that is heavily dependent on hydropower or the when the addition of power is not in pace with the rate of power needs. In such situations, utilities sign a long-term purchase power agreement with rental power companies to supply power over a period of time. Rental power companies mobilize the required equipment and take care of the operation and maintenance, and the utility only pays for the power that is supplied.

Further, the report states that one challenges in market is rise in distributed energy and microgrids to improve grid flexibility. The increase in the instability of the grid due to inadequate T&D infrastructure is causing massive losses due to power outages. The governments of many countries are focusing on producing cleaner energy and are encouraging the use of renewable energy sources. Distribution generation refers to small-scale electricity generation through the use of generators or renewables at the point of consumption. Distributed generation systems, such as solar photovoltaics (PVs), are gaining popularity due to the reduction in cost and lower emission benefits that they provide, leading to government support for such systems.

Companies Mentioned

Aggreko, APR Energy, Atlas Copco, United Rentals, BPC Power Rentals, Cummins, Doosan Portable Power, Energyst, Generac Power Systems, Herc Rentals, HIMOINSA, J C Bamford Excavators, Kohler, Multiquip, PR POWER, Sunbelt Rentals, and Wacker Neuson.