Global Power Rental Systems Market to reach USD 26.6 billion by 2025 | CAGR: 8.6%
Global Power Rental Systems Market is valued at USD 12.54 billion in 2016 is anticipated to grow USD 26.6 billion with the compounded annual growth of 8.6% over the forecast period 2017-2025.
New York 29 May 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Power Rental Systems industry is poised to raise USD 26.6 billion by 2025Peak Shaving is expected to be a key trend for the utilization of power rental systems on account of the growing awareness to curtail power consumption during peak hours. Stringent regulatory scenario imposed by authorities such as EPA, EC, and NRDC. High focus on emission control in numerous countries such as the U.S., India, and Germany are expected to tighten the demand for these systems over the next couple of years. To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Power Rental Systems Market Size Estimates and Forecasts, By Application (Peak Shaving, Standby Power, Base Load/Continuous Power,) By End-Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping, Others) and by Region (North America, Europe, Asia Pacific, and Rest of the World) 2017-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Caterpillar, Aggreko, Byrne, Mantrac, Al Faris, RSS, CET Power, and Al Reyami. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North America region estimated for dominating the Power Rental Systems market during the forecast period.
- The North America region will be the highest growing segment with respect to geographical segmentation by around XX%
- Industrial segment was the second largest end-user industry for the power rental systems market
- Asia PacificPower Rental Systems market is estimated to grow at the highest CAGR during the forecast period.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- By Application
- Peak Shaving
- Standby Power
- Base Load/Continuous Power
- By End-Users
- Oil & Gas
- North America
- Asia Pacific
- Rest of the World