In 2011 the power rental market was valued at $6.4 billion and by the end of 2012 is forecast to be worth $7.8 billion. Over the next five years the industry looks set to record a compound annual growth rate (CAGR) of 17% to be worth a total market value of $17 billion in 2017.
Growth within the power rental market looks set to be predominantly driven by the economical growth of developing countries where power demands will outpace the permanent power capacities.
Furthermore, an increase in power demand, a lack of grid stability & support, and the tendency to rent instead of buying, look set to drive market growth.
On a regional basis, the US currently accounts for the largest share of the power rental market, closely followed by the Middle East and Asia-Pacific.
However, looking ahead to 2017, the Middle East looks set to become the highest growing market, meaning in turn it will take control of the largest geographical share.
UK based Aggreko PLC is the largest player in the power rental business, with APR Energy LLC following as the second largest player, headquartered in the US. Both Aggreko and APR Energy are the global players and hold a good share of the power rental market.
For more information on the power rental market, see the latest research: Power Rental Market Report
Follow us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.