The rental power generation market is popular in developing and underdeveloped countries, owing to power shortages being a major issue, says market research company ReportBuyer.
With power an essential component for the enhancement of any country or economy and playing a vital role in the development of society, the company says generator rental is a relatively viable option for power generation in cases of power outages or excessive demand for power.
All sectors at some point depend on rental generators for their power requirements. These generators cater to a range of power demands, whether from a single house or society or from a major event or from a power- intensive industry.
The company says the power generator rental markets are classified on the basis of generator rating. Up to 100 kVa generators are mainly used in residential and smaller commercial applications, and the 101 kVa to 500 kVa generators are commonly used in large commercial complexes, large-scale events and the smaller industrial sector. The 501 kVa to 1 000 kVa generators are primarily used for medium to large-scale industrial applications with generators rating above 1 000 kVa being used in utilities and large-scale industrial applications.
The company explains that power generator rental can also be classified based upon the fuel-type used – diesel and natural gas generators. Further, the power generator rental market can also be segregated based upon end-user segments, such as utilities, oil and gas, mining, construction, events and others.
ReportBuyer explains that the major driving factor behind the growth of the power generator rental market is rising electricity demand, along with increased power outages, which is a common problem, especially in developed and underdeveloped countries.
“In the emerging markets, the void between the demand for power and the pace of investment in new power generation capacities and in replacement of existing power infrastructure has resulted in frequent outages and power cuts,” it says.
ReportBuyer adds that the delay in the installation of new capacities is owing to the capital constraints in these regions, along with ageing infrastructures becoming a key factor for the market.
The company has used secondary research sources, including company websites, financial reports, annual reports, investor presentations, broker reports and US Securities and Exchange filings.
It has also used other sources, such as internal and external proprietary databases, statistical databases and market reports, news articles, and national government documents. Further, the company also webcasts specific to companies operating in the market for the report.
“In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research,” the company explains.
Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings.
The primary research further helped in developing the analysis team’s expertise and market understanding. The report further covers detailed competitive outlooks that include market share and profiles of key players operating in the global market.
The company explains that key players profiled in the report include power generation supplier Aggreko PLC, power solutions provider APR Energy, machine and equipment manufacturer Caterpillar, engine manufacturer Cummins, manufacturing company Atlas Copco AB and equipment rental company United Rentals.
ReportBuyer concludes that company profiles include attributes, such as company overviews, number of employees, brand overview, key competitors, business overview, business strategies, recent or key developments, acquisitions and financial overviews.