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Power Generator Rental Market Size & Share - Industry Scope and Professional Survey Report 2018-2024
The main objective of this report is to define, describe, and forecast the global “Power Generator Rental” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
Growing Demand of Electricity and Increased Power Outages to Promote the Growth of Power Generator Rental Market
The rapidly growing demand of electricity and increased power outages are the primary factors that drives the growth of the power generator rental market. The companies working in the power generator rental are offered appropriate warranty and insurance coverage to ensure the service in the malfunction or emergency situations that is contributing to the growth of the power generator rental market. Furthermore, the rental power generators are sever many industries including entertainment, productions houses, IT industry, BPO, Malls , Multiplexes and others industries. The massive use of rental power generators in the entertainment and political events are creating a positive impact on the growth of the power rental market
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Caterpillar Launches Program for Rental Customers’ Transition to EU Stage V
Caterpillar announced a plan to assist Cat Rental Power mobile generator customers with a successful transition from European Union (EU) Stage IIIA to EU Stage V emission standards. In accordance with EU Regulation 2016/1628 for Non-Road Mobile Machinery, Caterpillar will continue to offer EU Stage IIIA transition engines for up to 18 months after EU Stage V goes into effect. For all engines below 56 kW and above 130 kW, the effective date is January 1, 2019. For engines in the 56 to 130 kW range, the effective date is January 1, 2020.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries.
Asia Pacific is the largest and fastest growing region in the power generator rental market
Asia Pacific is the largest and fastest growing region in the power generator rental market. In the Asia Pacific region, the power generated from the existing system is not able to fulfill the power demand. The rapidly growing power demand, industrialization and rapidly growing political & entertainment events in the Asia Pacific region are the factors that are responsible for the substantial growth of power generator rental market in this region
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global power generator rental market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of power generator rental market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the power generator rental market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the power generator rental market to understand the present and future trends in this market and formulate their strategies accordingly.
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