MarketsandMarkets: Global Power Rental Market Worth $17 Billion by 2017

Informations

• Publié par: marketsandmarkets
• Nombre de lectures: 14
• Langue: English

Extrait

MarketsandMarkets: Global Power Rental Market Worth $17 Billion by 2017

PR Newswire DALLAS, August 1, 2012

DALLAS,August 1, 2012/PRNewswire/ -- According to a new market research report,"Power Rental Market by End- User Industry, Peak, Prime/Base & Standby Application, Diesel & Gas Generator/Engine Type - Global Trends & Forecasts (2012-2017)" published by MarketsandMarkets (http://www.marketsandmarkets.com), global power rental market will grow from an estimated$7.8 billionin 2012 to$17 billionin 2017 with a compound annual growth rate of 17% during the same period. Browse more than 100 market data tables/figures spread across 276 pages and in-depth TOC on"Power Rental Market by End-User Industry, Peak, Prime/Base & Standby Application, Diesel & Gas Generator/Engine Type - Global Trends & Forecasts (2012-2017)" http://www.marketsandmarkets.com/Market-Reports/rental-power-generation- market-744.html Early buyers will receive 10% customization on reports. Global power rental market revenue which is the addition of revenue earned through renting the generators and revenue from a temporary power plant is estimated to be$6.4 billionin 2011. Major users of temporary power are utility companies, oil and gas companies, manufacturing firms, shipping industry, events organizers, construction companies, and mining companies. The Utility sector is the largest user of temporary power and hence contributes maximum share in global power rental revenue. Second largest user is the oil & gasindustry followed by industrial sector. Industrial sector mainly comprises of manufacturing and service industry. Utilities and event industry are the highest growing end user markets. In terms of geographical markets,North Americaregion is the largest market followed byMiddle Eastand thenAsia-Pacific.Middle Eastis the highest growing market which will make it the largest geographical market by 2017, lagging behindNorth America. At country level,United Stateshas the maximum revenue share.Chinais the second largest country level market followed by IndiaandCanada. Increasing power demand, lack of grid stability & support, and tendency to rent instead of buying are the major driving factors of the power rental market. Economic developments of Asian, African andMiddle Eastcountries led the electricity demand exceeding the permanent power plant capacities. To support developments in those economies temporary power is used which has created a tremendous market for power rental companies. Aging permanent power plants is another factor which will increase the market size significantly by 2017. The major restraint affecting the growth of power rental market is regulations. The report 'Power Rental Market, by end user industry, peak, prime/base & standby application, diesel & gas generator/engine type - Global Trends & Forecasts 2012- 2017 '’ sements thelobal owerrental ba lication,end

use and geography. It also focuses on market share analysis, and market metrics like drivers, restraints and opportunities. With 119 market tables/figures, it breaks and forecasts the market in every possible way.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods,energy and power[ http://www.marketsandmarkets.com/energy-power-supplies-market-research- 4.html ], food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com. Contact: Mr.Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800,Dallas, TX75252 Tel: [phone] Email: [e-mail] MarketsandMarkets Blog @ http://www.marketsandmarkets.blogspot.in/ http://twitter.com/marketsmarkets