POWER RENTAL MARKET, BY FUEL TYPE, APPLICATIONS, END-USE, AND GEOGRAPHY INSIGHTS, SIZE, SHARE, OPPORTUNITY ANALYSIS, AND INDUSTRY FORECAST TILL 2025 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Power Rental Market Overview Power rental plants are required for temporary supply of power for industries due to the supply-demand gap in electricity. To avoid financial losses, industries requires a constant power supply. Therefore, industries use additional power by introducing short-term initiatives, such as leasing or renting addition power by using diesel generators to fulfill their need for power. Major drivers propelling the growth of power rental market globally include rapidly developing construction industry. According to CMI, the global construction industry is projected to expand at a CAGR of 5.8% from 2017 to 2025. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Power Rental Market Overview North America led the power rental market and is expected to witness a CAGR of 6.4% during the forecast period. Increasing demand for electricity and challenges in power sector, such as federal carbon policies on carbon emission and meeting energy targets are the main reasons for development of power rental market in this region. The emerging economies in Asia Pacific such as India and China, are expected to propel the growth of power rental market in the region in near future. Furthermore, industries such as construction, event, oil and gas, mining, manufacturing, and shipping have a high requirement for rental electricity for continuous operation. These factors are highly responsible for the growth of the power rental market in Asia Pacific. On the basis of application, base load/continuous segment dominated the power rental market in 2016, with a market share of around 43.5% in the same year. Base load or continuous power plant provides continuous electricity supply with the requirement of minimum power generation. Some of the continuous power plant includes a geothermal power plant, tidal power plant, and coal-fired power plant. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Global Power Rental Market Share, By Application, 2016 Request sample copy of report@ https://www.coherentmarketinsights.com/insight/requestsample/973 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Major Players in the Global Power Rental Market: Some of the major players in the power rental market include Aggreko PLC, United Rentals, Inc., APR Energy, PLC, Caterpillar, Inc., Cummins, Inc., Hertz Equipment Rental Corporation, Generac Power Systems, and Rental Solutions & Services, LLC. To know the latest trends and insights prevalent in the power rental market, click the link below https://www.coherentmarketinsights.com/market-insight/power-rental-market-973 © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. 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Power Rental Market report categorizes the global market by Fuel Type (Diesel, Gas, and Others), by Applications (Peak Shaving, Base Load/ Continuous, and Stand by), by End-Use (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, and Shipping), and by Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
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