Albany, New York, May 18, 2018: Power generator rental market refers to service providers who offer generators on rent for the purpose of power generation. Developing and underdeveloped nations, wherein power shortages are a common problem, will continue to be most lucrative and potential markets for power generator rental. These insights are according to a report, titled “Power Generator Rental Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025”, which has been added to Market Research Reports Search Engine’s (MRRSE) comprehensive repository.
According to the report, the market for power generator rental will reflect an impressive 6.27% CAGR in the period of forecast (2015-2025). Revenues from worldwide services offered apropos of power generator rental are expected to exceed US$ 7,000 Mn by 2025-end. Power generator rental market continues to remain dominated by few established players that include United Rentals, Inc., Atlas Copco AB., Cummins Inc., Caterpillar Inc., APR Energy, and Aggreko PLC. However occupancy of these players ranges wide across the globe, which has made the market’s nature to be highly fragmented.
A major factor fuelling expansion of the power generator rental market is growing electricity consumption worldwide, coupled with increased power outages in emerging nations. Frequent power cuts and outages in emerging markets, as a consequence of the gap between power demand & pace of expenditure on new power generation facilities and replacement or revamping of existing power infrastructure, is a key growth determinant for power generator rental market.
Power Generator Rental Market: Lucrative Growth Opportunities Paved by Upward Trend of Natural Gas
The report states that natural gas-based power generator rentals are likely to perceive a positive demand trend in the foreseeable future, which can be attributed to clean, noise-free, and seamless power generation enabled by natural gas-based generators in comparison to their diesel-based counterparts. Wet sacking, wherein unburnt fuel returns and settles in exhaust system, prevails as a major concern in diesel-run generators at times of overload.
However, natural gas generators are devoid of this challenge, albeit when they are operating at greater loads than optimal levels. This factor has further led end-users to shift their preferences from diesel-run generators to natural gas-based generators, which in turn will influence growth of the power generator rental market in the upcoming years. Favorable environmental regulations are further aiding the trend of natural gas generators, by maintaining a steady pace in power generation worldwide.
Power Generator Rental Market: MEA to Pave Lucrative Growth Opportunities
The report segments the power generator rental market geographically into North America, Latin America, Asia-Pacific (APAC), Europe and Middle-East & Africa (MEA). Lucrative prospects are expected to be perceived by the markets in MEA and APAC. Power generator rentals will witness robust adoption in these nations, as efforts toward bridging the gap between the power demand and generation continue to rise.
Led by growing power demand from developing countries of Africa and robust power consumption in developed nations of the Middle East, preeminence of MEA in the power generator rental market is expected to prevail in the forthcoming years. Meanwhile, power generator rental markets in North America and Europe have reached maturity, and therefore will illustrate a relatively slow growth through 2025, albeit revenues remain strong.
Browse Full Global Power Generator Rental Market Report with TOC : https://www.mrrse.com/power-generator-rental-market
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