1 / 5

Growth Of The Global Construction Sector Is Expected To Drive The Global Generator Rental Market

Key Drivers and Restraints of Global Generator Rental Market<br><br>

priyankakulkarni2424
Download Presentation

Growth Of The Global Construction Sector Is Expected To Drive The Global Generator Rental Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Generator Rental Market Opportunities – Impact of COVID-19, Future Growth Analysis and Challenges till 2027 Global Generator Rental Market: Key Highlights ● The global ​generator rental market​​was valued at ~​US$ 3.9 Bn​ in​ 2018, and is anticipated to expand at a CAGR of ​~5%​ during the forecast period. ● Among the fuel types, the diesel segment accounted for a major share of the global generator rental market in ​2018.​ Diesel generators are the most fuel-efficient amongst all types of generators, and hence, they provide the most stable power supply across all applications. ● Among the power ratings, the above 100kVA segment held a significant share of the global generator rental market in ​2018​. This is primarily ascribed to the rise in the demand for these generators in the utilities and oil & gas sectors. ● Among the end users, the utilities segment held a major share of the global generator rental market in​ 2018. ● The Middle East & Africa is estimated to offer immense growth potential to the global generator rental market in the next few years. Key Drivers and Restraints of Global Generator Rental Market ● The construction sector is one of the major end users of rental generators. Key developing countries are particularly bringing in various reforms and regulations to boost infrastructure development and the real estate sector. This growth is anticipated to augment the global generator rental market during the forecast period.

  2. ● In​ 2022,​ Qatar would be hosting the FIFA World Cup, to become the first Gulf nation to do so. Qatar has begun preparing stadiums and facilities for the World Cup ​2022​, and it would be investing around ​US$ 6 Bn​. Thus, the demand for rental generators is extremely high in the country. ● Furthermore, Japan would be hosting the Olympic and Paralympic Games in Tokyo in​ 2020.​ Hence, the country is investing heavily in the construction of stadiums and other facilities. In​ December 2018​, Aggreko plc received a temporary electricity generation contract from the Tokyo Organizing Committee of the Olympic and Paralympic Games. ● Thus, growth of the global construction sector is expected to drive the global generator rental market during the forecast period. ● Increase in mining activities in Africa and Latin America promotes the growth of the generator rental markets in the Middle East & Africa and Latin America. Mining activities are not long-lasting, and hence, players involved in mining prefer the use of rental generators to meet their energy demand. ● However, growing environment-related concerns are likely to restrain the global generator rental market during the forecast period. Request for Report Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&re p_id=74616 Middle East & Africa Highly Lucrative Market for Generators (Up to 20 kVA) ● The Middle East & Africa dominates the global generator rental market. The Rest of the Middle East & Africa held a dominant share of the generator rental market in 2018. Poor grid infrastructure and insufficient power production in Africa is one of the major reasons for the growth of the market in the region. ● Furthermore, the Middle East & North Africa (MENA) has around 57% of the world’s proven oil reserves, and 41% of the world’s proven natural gas

  3. resources. Most of these reserves are located in remote areas. This offers immense growth opportunities to the generator rental market in the region. ● The generator rental market in Asia Pacific is expected to expand at the highest CAGR during the forecast period. Growth of the construction and manufacturing sectors and significant increase in oil and gas exploration and production activities are anticipated to drive the generator rental market in Asia Pacific during the forecast period. ● North America is another major region in the global generator rental market. The U.S. holds a major share of the generator rental market in North America. The generator rental market in the U.S. is mature and competitive, with the presence of several domestic and international players such as United Rentals, APR Energy, and Aggerko Plc, in the country. Explore Transparency Market Research’S Award-Winning Coverage of the Global Industry @ https://www.prnewswire.com/news-releases/ferrous-sulfate-market-to-reach-v aluation-of-us-4-bn-by-2027-growing-prevalence-of-anemia-to-propel-signific ant-growth-tmr-301066857.html Global Generator Rental Market: Key Developments ● In ​June 2018​, Aggreko Plc, a Glasgow-based (U.K.) global provider of portable power generation and climate control solutions, announced to have acquired Generator Hire Service, an Australia-based generator rental company, for ​US$ 3.6 Mn​ (GBP 2.7 Mn). ● In​ January 2018​, Aggreko planned to expand its China operations, announcing a joint venture with Shanghai Yude, a power rental company. Aggreko would be holding ​21.5% ​stake in the new company. The new company’s operations would be managed by Shanghai Yude in line with Aggreko’s class-leading standards and procedures.

  4. Request for Covid-19 Impct Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid 19&rep_id=74616 Competition Landscape of Global Generator Rental Market ● The global generator rental market is highly fragmented, with the presence of a large number of players. ● Rise in technological advancements, strong brand recognition, strong position of established players, and strict government regulations pose a barrier to the entry of new players in the global generator rental market. ● Key players operating in the global generator rental market are ​Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Himoinsa S.L., AKSA Power Generation, KOEL Green, Atlas Copco AB, Aggreko PLC, Kohler Co., United Rentals, Inc., APR Energy, AGCO Corporation, Herc Rentals Inc., Ashtead Group plc, Wartsila, and Cooper Equipment Rentals. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous

  5. primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email​: ​sales@transparencymarketresearch.com Website​: ​https://www.transparencymarketresearch.com

More Related