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SOURCE Research and Markets
DUBLIN, Feb. 21, 2014 /PRNewswire/ --
Research and Markets
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Power rental systems provide instantaneous power supply to several industries during power outages. They provide backup to power grids which thereby acts as a supplementary source. Growing global energy demand, increased grid instability and rising awareness to curtail energy demand during peak hours is expected to drive the market growth over the coming years. Rising stringent environmental regulations owing to harmful emission and limited product differentiation are some of the key challenges confining the market growth. However, development of evolutionary power rental systems is expected to overcome the challenge. Emergent markets including the Middle East and Africa (MEA) and Asia Pacific are some of the key regions that are paving the way for market growth. Increasing electricity consumption in off grid areas is likely to create new opportunities for the market.
Peak shaving, continuous power and standby are key applications that attribute to the market growth. Continuous power dominated the market and is expected to continue its dominance over the coming years. The growing awareness amongst energy intensive industries to curb the penalty charged over high energy demand during peak hours is likely to boost the peak shaving application market over the forecast period. Significant shortage of power supply in developing regions and lack of infrastructure are encouraging companies to choose power rental based solutions. Several companies have old distribution grids which require renovation and are expected to provide new opportunities for power rental manufacturers.
Chinese power rental market is expected to grow due to rising thermal power generation that is likely to fuel the power rental systems demand in Asia Pacific region. The market comprises of key end user segments including government and utilities, oil, gas and mining, construction, industrial, events market. The market for power rental systems has increased significantly over the past years, replacing old conventional grids which were insufficient in supplying adequate energy. Power rental market is likely to grow rapidly in the Middle East and African countries owing to rising energy demand and growing tourism. Recently, establishment of Altaaqa Global provides temporary power solutions to Dubai and nearby regions has bolstered power rental market in MEA.
Key Topics Covered:
2 Executive Summary
3 Power Rental Systems: Industry Analysis
4 Power Rental Systems - End-Use Analysis
5 Power Rental Systems - Application Analysis
6 Power Rental Systems - Regional Analysis
7 Company Profiles
For more information visit http://www.researchandmarkets.com/research/6z7bws/power_rental
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