PUNE, India, March 11, 2016 /PRNewswire/ --
The report "Power Rental Global Contracts & Deals Analysis 2011 to 2015, by Fuel (Diesel, Gas), By Application (Peak Shaving, Standby Power, Base Load), by End-Use (Utilities, Oil & Gas, Industrial, Construction, Mining, Events), by Power Rating & by Region", The report segments the market on the basis of deals into contracts and agreements, new product development, expansions and investments, strategic alliances, and mergers & acquisitions; it has also been categorized by region into Asia-Pacific, North America, South America, Europe, the Middle East, and Africa.
The market share analysis, by revenue for key companies, has also been included in the report. The scope accordingly aids market participants to identify high-growth markets that help in making key investment decisions.
Browse 66 Tables and 72 Figures spread through 164 Pages and in-depth TOC on "Power Rental Global Contracts & Deals Analysis 2011 to 2015"
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Majority of power rental players adopted contracts and agreements as their key strategy from 2011 to 2015
On the basis of developments, Aggreko Plc. (U.K.) held the largest share of contracts, followed by APR Energy Plc. (U.S.) and Caterpillar Inc. (U.S.). More than half of the contracts were demanded for power packages less than 50 MW, and the utility sector held the largest share of the global power rental contracts count from 2011 to 2015. This was due to the rising demand for large temporary power projects in the African countries where there is lack of power infrastructure. Majority of the contracts were made to create brand awareness among the local end-use sectors of the region to gain more power rental deals in the market. This strategy was followed by contracts made for geographic expansion in power deficit countries, which would render more opportunities for contract extensions and capacity additions.
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Africa accounted for the highest number of deals in the Power Rental Market from 2011 to 2015
On the basis of region, the market has been segmented into Asia-Pacific, North America, South America Europe, the Middle East, and Africa. The electrification rate in Africa was only 43% in 2015 and the region is prone to frequent blackouts due to lack of power infrastructure; these factors increase the demand for temporary power. Furthermore, large industrial infrastructure programs are being carried out in the region since 2010, particularly in the power industry. However, implementation of these projects takes time and delay in the power projects creates an opportunity for the power rental industry to grow in the region.
The Power Rental Market was dominated by Aggreko plc. (U.K.), Caterpillar Inc. (U.S.), APR Energy plc. (U.S.), Ashtead Group Plc. (U.K.), and Cummins Inc. (U.S.) from 2011 to 2015. These players are trying to penetrate into developing economies and are adopting various methods to grab market share in these regions.
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