London, 10 June 2015 – Technavio has published a new report on the power rental market in the Americas, which is expected to grow at a CAGR of more than 17% from 2015-2019.
About the Report
The new industry analysis report by Technavio indicates that natural disasters like hurricanes occur frequently in the Americas. The prolonged power outages caused by these events are not only inconvenient, they can also be a safety hazard.
“The recurrence of hurricanes in the Americas and growing awareness of ensuing economic losses is driving the demand for power rental equipment, thus boosting the market growth,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also highlights the increased use of gas generators for rental power. Gas generators offer better energy efficiency and lower total cost of ownership (TCO) than diesel generators.
“The growing awareness of harmful emissions and fluctuating fuel prices worldwide have negatively influenced the consumption of diesel for energy production, thus fuelling the demand for gas generators,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the power rental market in Americas from 2015-2019. The market has two segments based on power rental products: diesel and gas generators. A detailed study of the geographical segmentation and end-users is presented in the report.
Key Information Covered in the Report:
Key Vendors:
- Aggreko plc
- The Hertz Corp.
- Sunbelt Rentals Inc.
- United Rentals Inc.
Market Growth Drivers:
- Increased demand due to natural disasters
- For a full detailed list, view our report.
Market Challenges:
- Stringent emission standards
- For a full detailed list, view our report.
Market Trends:
- Increased adoption of gas generators as rental power
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
