Sarasota, FL, Sept. 27, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Power Rental Market by End-User (Oil & Gas, Industrial, Construction and Others) For Peak Shaving, Base Load/ Continuous Power and Standby Power Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020” According to the report, The global power rental market was valued at approximately USD 10.02 billion in 2014 and is expected to reach approximately USD 20.30 billion by 2020, growing at a CAGR of over 13.0% between 2015 and 2020.
In terms of revenue, Middle East & Africa held the largest share of the power rental market and is set to continue to dominate the world marketplace within the forecast period. This growth is mainly attributed to the growing construction and developmental activities in this region. The continuous power producers’ inability to meet the power demand especially during extremely hot weather conditions are expected to open up new growth opportunities for the Middle East and Africa power rental market.
Browse through 41 Market Tables and 21 Figures spread through 110 Pages and in-depth TOC on “Power Rental Market: By Products, End-user, Size, Share, Growth And Company”.
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The Middle East & Africa region was followed by North America in terms of revenue in 2014. North America accounted for over 21% share of the total market in 2014 and is expected to exhibit significant growth within the forecast period. This is mainly due to increase demand for power, aging infrastructure, and need of constant power, demand coming from the oil-and-gas market, recovering economy and infrastructure projects.
Asia Pacific is another leading regional market and is expected to witness significant growth in near future. The need for temporary power supply across the emerging economics, especially in China and India, is increasing due to high demand from construction and oil & gas industry. Thus, the growing demand for power rental from various industries, in turn, is expected to fuel the growth of power rental market.
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Latin America is estimated to witness significant growth in the forecast period. Some of the key industries in the Latin America are located in the remote areas which have poor technological power infrastructure and low power production. This shortage of electricity drives the need for power rental in this region.
Browse the full "Power Rental Market by End-User (Oil & Gas, Industrial, Construction and Others) For Peak Shaving, Base Load/ Continuous Power and Standby Power Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at https://www.zionmarketresearch.com/report/power-rental-market
Some of the key players include in power rental market such as Atlas Copco, United Rental, Cummins Inc, APR Energy Inc, Caterpillar Inc and Power Electrics.
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This report segments the global power rental market as follows:
Global Power Rental Market: End-Users Segment Analysis
- Oil & Gas
Global Power Rental Market: Application Segment Analysis
- Peak shaving
- Base load/ Continuous power
- Standby power
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Global Power Rental Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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