The global power rental market is projected to reach a size of USD 21.2 billion by 2023, at a CAGR of 7.89%, from an estimated USD 14.5 billion in 2018. This growth can be attributed to the limited access to electricity in rural areas and increase in power loss due to aging infrastructure.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the power rental market, namely, Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.), and Generac Power Systems (U.S.). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Research Coverage:
From an insight perspective, this research report has focused on various levels of analysis, namely industry analysis (industry trends), market share analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the power rental market, high-growth regions, and market drivers, restraints, and opportunities.
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Key Questions addressed by the report
·
The report identifies and addresses key
markets for power rental, which would help manufacturers review the growth in
demand.
·
The report helps system providers understand
the pulse of the market and provides insights into the drivers, restraints,
opportunities, and challenges.
·
The report will help key players understand
the strategies of their competitors better and make better strategic decisions.
·
Comprehensive mapping of the competitive
landscape and the market participant behavior
The report provides insights on
the following pointers:
Market Penetration: Comprehensive information on products and
integrated solutions and services offered by the top players in the global
power rental market.
Product Development/Innovation: Detailed insights on upcoming technologies,
research and development activities, and new product launches in the power
rental market.
Market Development: Comprehensive information about lucrative
emerging markets—the report analyzes the markets for power rental across
regions.
Market Diversification: Exhaustive information about new products,
untapped regions, recent developments, and investments in the global power
rental market.
Competitive Assessment: In-depth vendor DIVE analysis of all the
strategies, products, and manufacturing capabilities of the leading players in
the global power rental market
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Recent Developments
·
In April 2017, United Rentals, Inc. acquired
NES Rentals Holdings II, Inc. The acquisition is expected to increase the
company’s presence in the East Coast, Gulf states, and the Midwest of the
US.
·
In November 2017, Aggreko received a contract
to provide around 60 generators supplying more than 10 MVA (mega volt ampere)
of energy, distributed through more than 240 panel and 26 km of cable for
Glasgow 2018 European Championship
·
In June 2017, Caterpillar Inc. and Ritchie
Bros. formed a partnership under which Ritchie Bros. will become Caterpillar’s
preferred global partner for onsite and online auctions for used Caterpillar
equipment. The partnership is expected to strengthen Ritchie Bros. relationship
with independent Caterpillar dealers around the world by providing them
enhanced and continued access to a global auction marketplace to sell their
used equipment.
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