Albany, New York, Oct. 14, 2014 (GLOBE NEWSWIRE) -- This market research report published recently, Transparency Market Research, a U.S. - based market intelligence firm states that the global power rental market is propelled by increasing electricity demand in emerging economies and high population growth. The report, titled 'Power Rental Market for applications (Peak Shaving, Continuous Power and Standby) in end use (Government and Utilities, Oil, Gas and Mining, Construction, Industrial, Events) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019,' is now available for sale on the company's website.
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This research report has provided a detailed analysis of the global power rental market which is primarily fuelled by growing consumption of electricity worldwide. Power rental systems refer to systems which ensure uninterrupted supply of power to various industries and manufacturing units in the event of power breakdowns. Power rental systems act as supplementary sources of power supply since they are like backups to power grids. Power rental systems are reliable power solutions that ensure minimization of unproductive time in production during unforeseen power outages.
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This TMR report has segmented the global power rental market on the basis of the types of end users, applications, and geography. The key end users dominating the power rental market include industries, government and utilities, events market, construction, oil, gas and mining. The main application areas in the global power rental market are standby, peak shaving, and continuous power. The application segment of this market is essentially dominated by continuous power and this trend is expected to continue even in the forthcoming years. The peak shaving application segment is likely to get a boost due to rising awareness amongst the energy industries to curtail the penalty imposed due to high demand for energy during the peak hours.
This market research report on the power rental market has analyzed the business potential and contribution of several geographical regions all across the globe. The Asia Pacific, Africa, and the Middle East are some of the regions that are contributing significantly to the growth of the power rental market. High demand for power rental systems in the Asia Pacific is driven by the Chinese power rental market which is witnessing high generation of thermal power. Obsolete conventional power grids have today been replaced by the modern day power rental systems that exhibit high efficiency in energy supply.
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This market research report has analyzed the growth drivers, restraints, and the trends prevailing in the global power rental market today. The power rental market is mainly driven by factors like greater consciousness about curbing high energy demands during peak hours, and higher grid instability, besides increasing global energy demands. The main obstacles prevailing in the global power rental market include low levels of product differentiation, and stringent environmental regulations in most countries. Several companies these days are resorting to power rental solutions due to insufficient infrastructure, and power supply shortage in the developing countries.
Some of the prominent players operating in the global power rental market include Worldwide Power Products LLC, United Rentals, Speedy Hire Plc, Rental Power Solutions, Rental Solutions & Services (RSS), Power Electrics (Bristol) LIMITED, Perennial Technologies Private Ltd, Kohler. Co, Hertz Corporation, Energy International Inc, (IE), Cummins, Inc., Caterpillar, Inc., Bredenoord Exploitatiemij B.V., APR Energy, Aggreko PLC, Atlas Copco AB, and Ashtead Group, PLC.
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Source:Transparency Market Research