Sarasota, FL, Sept. 22, 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.
Power is generated by burning fossil fuels such coal, oil or gas to generate steam that drives large turbines that produce electricity. Power rental is referred as plant hire which provides flexibility, reliability, speed and cost-effectiveness. Power on rent can deliver complete operating power packages as well as provide scalable components within large power station installations to various industrial applications.
Browse 41 Market Tables and 21 Figures spread through 110 Pages and an in-depth TOC on “Power Rental Market: By Applications, End-user, Geography and Forecast 2015-2021”.
Request free Sample Report @ https://www.zionmarketresearch.com/sample/power-rental-market
The global power rental market is expected to witness significant growth over the forecast period on account of increasing demand for power across the globe. The increasing power consumption, development of power infrastructure, and increasing construction & development is anticipated to boost the demand for power rental in the coming years. Furthermore, increasing demand for power from oil & gas industry is also a major driving force of the power rental market. However, the presence of stringent regulations coupled with rising environmental awareness may hamper the market growth in the near future. Nonetheless, increasing demand for power in emerging economics is expected to open up new growth avenues for the power rental market in the years to come.
Oil & gas, industrial, construction, and others are the key end-users of the power rental market. Industrial segment emerged as the leading application segment by accounting for over 22 % of the total revenue generated by the power rental market in 2014. Construction is another key outlet of power rental market and it held over 20% share of the overall market in 2014. This is mainly due to growing infrastructural development in the emerging economics. Oil & gas is also expected to exhibit substantial demand within the forecast period.
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
Based on application, the power rental market can be segmented into peak shaving, base load/continuous power and standby power. Base load/continuous accounted for 45.56% share of total revenue generated in 2014. Base load/continuous segment are expected to exhibit a significant rise in light of the increasing demand from various sectors such as oil & gas, mining and construction and others. Peak shaving is another leading application segment owing to rising awareness among energy-intensive industries in order to control the charged over high energy demand during peak hours.
In terms of geography, Middle East & Africa dominated the global power rental market and accounted for 31.63% of total revenue in 2014. This growth is mainly attributed to growing construction and developmental activities in this region. North America was the second largest regional market with 21.32% share of total revenue generated in 2014. Asia Pacific holds immense potential for the industry growth over the forecast period. Recently, emerging economies including India, Brazil, and Saudi Arabia have been contributing significantly to the demand for power rental in industrial sector owing to rapid industrialization.
Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/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.
- Electric Power Substation Automation Market: https://www.zionmarketresearch.com/report/electric-power-substation-automation-market-global-industry-perspective
- Subsea Valves Market: https://www.zionmarketresearch.com/report/subsea-valves-market
- Solar Cooker Market: https://www.zionmarketresearch.com/report/solar-cooker-market
- Solar Water Heater Market: https://www.zionmarketresearch.com/report/solar-water-heater-market
- Solar Chimney Market: https://www.zionmarketresearch.com/report/solar-chimney-market
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
Global Power Rental Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Purchase a direct copy of report with TOC @ https://www.zionmarketresearch.com/buynow/su/power-rental-market
Zion Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Market Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Zion Market Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
CONTACT: Contact Us: Joel John 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States Tel: +49-322 210 92714 USA/Canada Toll Free No.1-855-465-4651 Email: firstname.lastname@example.org Website: https://www.zionmarketresearch.com/