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Power Rental Market share -Analysis, Trends And
Forecasts, 2017 – 2024: Global Market Insights, Inc.
Global Power Rental Market size is anticipated to witness robust growth owing to growing
electricity demand subject to frequent power outages and grid failure. According to a report by
the Department of Energy (DOE), the U.S. electric grid loses 285% more power than in 1984.
The number of power outages have risen from 76 in 2007 to 307 in 2011.
Growing investments towards infrastructure development will subsequently drive the global
power rental market size during the forecast timeframe. Demand for the reliable and cheap
electricity across the construction site will attract the demand for generators. In Aug 2015,
Majid Al Futtaim group based in Dubai announced plans to invest USD8.17 billion over the
next 10 years.
Market research reports: Key analytical components
Increasing exploration and production of crude oil in deep and ultra-deep sea beds will
influence the industry size across the globe. These events are taking place across the off grid
remote areas which is substantially raising the demand for power rental market. In 2014,
Aggreko had provided critical electricity generation systems for projects operating isolated
parts of the African continent.
Stringent regulations tied with rising environmental awareness may hinder the global power
rental market growth. Accelerating pressure to use eco-friendly technologies to produce power
and limited differentiation of product are raising concerns for diesel generators which will
hamper the business outlook.
In terms of fuel type the global power rental market is segmented into diesel and gas
generators. Diesel generators will witness significant growth due to longer life span, easy
availability, and higher energy density of fuel. Gas based generators industry size will witness
substantial growth due to adoption of clean technologies.
The U.S. power rental market is anticipated to witness extensive growth during the forecast
period subject to aging infrastructure leading to frequent blackouts. Increasing demand for
reliable power across the country will positively impact the industry outlook.
UAE power rental market anticipated to witness extensive growth due to rising investments
towards the exploration and production of new O&G fields. The gross consumption of
electricity will reach 141 TWh in 2020 as compared to 103 TWh in 2014. It has been more
than doubled in 2015 compared to 2005 and at this rate demand will outpace the supply,
hence it will positively encourage the growth of an industry.
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