Published Date : May 22, 2017
ALBANY, New York, May 22, 2017: A new research study on the market for power rentals in the Americas has recently been added to the repository of MarketResearchReports.biz. The market report, titled “Power Rental Market in Americas 2017–2021,” offers an all-inclusive assessment of this market, emphasizing especially on the key trends, driving forces, restraining factors, growth prospects, and the market’s potential.
As per this research report, the market for power rentals in the Americas has been witnessing a substantial rise in its size as well as its valuation, thanks to the rise need for power backup, boosted by the shrinking energy resources. The overdependence on hydropower is also driving this market significantly. Due to the constant growth in the population and the swift rise in the industrialization, the governments are compelled to use rental power, as the investments in the power sector are not in pace for meeting the power requirement, which, in turn, is likely to fuel this market in the years to come, propelling it to rise at a CAGR of 3.40% between 2017 and 2021, states the report.
In this research study, the Americas market for power rentals has been examine on the basis of the product and the end user. Based on the product, the market has been classified into diesel generators and gas generators. Among these two, the demand for diesel generators is higher than gas generators. Thanks to the augmenting usage of rental backup diesel generators in countries with a well-established power network, such as Canada and the U.S., this segment is anticipated to remain on the top over the forecast period, notes the research study.
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By end user, the report has categorized the market for power rentals in the Americas into the utilities, industries, and the oil and gas sectors. The utilities sector has emerged as the leading consumer of power rentals in this region. With the ever-increasing need for power, fueled by the rise in the population base and the rapid urbanization and industrialization, researchers expect this segment to retain its dominance over this market in the years to come, notes the study.
The report also provides an exhaustive assessment of the competitive landscape of the Americas power rental market. According to it, this market is extremely fragmented due to the presence of a number of local and multinational players. Aggreko, APR Energy, Energyst, Atlas Copco, and United Rentals are the leading players in this regional market. Other prominent market participants mentioned in this research report are Cummins, Generac Power Systems, Doosan Portable Power, Herc Rentals, JCB, HIMOINSA, Kohler, Sunbelt Rentals, Multiquip, and Wacker Neuson.
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