Key vendors to focus on product portfolio enhancement.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global standby rental power market in their latest research report. This report also lists 12 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global standby rental power market is highly fragmented in nature. The market comprises of several vendors who compete amongst each other to gain a competitive advantage in the market space. Vendors in the market offer a broad variety of products along with consistent support and maintenance.
According to Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on power, “The need for continuous power supply along with a broad range of products and services is a key driving force behind the growth of the standby power rental market. The increasing need for power supply and broader product portfolio especially favors growth of established vendors in the market space.
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Top five vendors in the standby power rental market space
Aggreko
Aggreko offers temporary power and temperature control solutions. Its equipment includes silent gas and diesel generators, air conditioners, chillers, heaters, dehumidifiers, load banks, and cooling towers for both planned and emergency projects. The company has its end-users in mining, agriculture, oil and gas petrochemicals, refineries, construction and contracting, manufacturing, food and beverage, and shipping.
Key products: Diesel generators and Gas power generators.
APR Energy
APR Energy offers temporary power solutions to industrial and government customers in the US and worldwide. The company offers emergency power generation, industrial power, peak shaving, grid stability, distributed generation, and supplemental power. The company focuses on serving sovereign utilities as well as private utilities. APR Energy also serves a range of power-intensive industries, such as mining, which often require dedicated power solutions.
Key products: Diesel power module (DPM) and Gas power module.
Atlas Copco
Atlas Copco designs, manufactures, and sells compressors, vacuum solutions and air treatment systems, construction and mining equipment, and power tools and assembly systems in more than 180 countries. The company’s business segments are classified into five business segments, including compressor technique, mining and rock excavation technique, construction technique, industrial technique, and others.
Key products: Diesel generators.
Energyst
Energyst offers rental power and temperature control solutions for energy companies, industry, shipping, and power plants. The company offers generators, chillers, standby generators, transformers, load banks, distribution panels, and electric cables.
Key products: Diesel generators and Gas generators.
United Rentals
United Rentals provides 3,300 classes of equipment for rent to industrial and construction companies, homeowners, manufacturers, utilities, and government entities. The company receives its revenue from equipment rentals, sales of new equipment, contractor supplies sales and service, sales of rental equipment, and others.
Key products: Diesel generators.
A more detailed analysis is available in the Technavio report, Global Standby Rental Power Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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