Rental power is used to meet peak load demand, base load supply, or as a standby. The need to provide uninterrupted power is a major factor that drives the growth of the global standby rental power market. A standby rental power system is a secondary electrical system that can automatically supply power when the grid power fails by utilizing resources available at the source.
Scope of the Report:This report studies the Standby Rental Power market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Standby Rental Power market by product type and applications/end industries.
One trend in the market is increasing power purchase agreements. Constant power is a crucial necessity in oil and gas, industrial, and utility sectors. Additionally, one driver in the market is growing power rental industry. The demand for rental power is expected to increase because of growing public infrastructure construction, increasing industrial base, and supply of power to remote areas. Globally, there has been a constant rise in power consumption.
The Americas accounted for the majority of shares of the standby rental power market during 2017 and the region is anticipated to continue the dominance during the forecast period as well. The US was the major market for standby rental power services and a key revenue contributor to the market in this region. Moreover, power shortages due to the shortage of rainfall and minimum reservoir levels also increase the dependence on rental generators in countries such as Brazil creating growth opportunities for vendors in the standby rental power market.
The global Standby Rental Power market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Standby Rental Power.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers Aggreko
APR Energy
Atlas Copco
Energyst
United Rentals
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Diesel Generators
Gas Generators
Others
Market Segment by Applications, can be divided into Oil and Gas
Industrial
Utility
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
