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The global power rental market is projected to reach a size of USD 21.2 billion by 2023 Wholesale Predators Jerseys , at a CAGR of 7.89%, from an estimated USD 14.5 billion in 2018. This growth can be attributed to the limited access to electricity in rural areas and increase in power loss due to aging infrastructure.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the power rental market, namely, Caterpillar Cheap Predators Jerseys , Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.) Juuse Saros Predators Jersey , United Rentals, Inc. (U.S.), and Generac Power Systems (U.S.). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Major strategies adopted by the players include contracts & agreements, new product launches, expansions & investments Roman Josi Predators Jersey , mergers & acquisitions, and joint ventures & collaborations. Contracts & agreements was the most commonly adopted strategy from 2015 to October 2018. Industry players also adopted new product development, which was the second most widely followed strategy, during the same period. A key integrated solution provider has been highlighted in the paragraphs below.
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鈥?The report identifies and addresses key markets for power rental, which would help manufacturers review the growth in demand.
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The key players in power rental market have merger and acquisition activities carried out by these companies have helped them to expand their market share. In September 2018, United Rental entered in an agreement to acquire BlueLine Rental, a leading provider of rental equipment in US and Canada for construction and manufacturing industry. In July 2017 Viktor Arvidsson Predators Jersey , Aggreko acquired energy storage company Younicos to tap new markets and provide customers around the world with a reliable, cheaper, and cleaner source of energy.
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Recent Developments
In April 2017, United Rentals, Inc. acquired NES Rentals Holdings II Craig Smith Predators Jersey , Inc. The acquisition is expected to increase the company presence in the East Coast, Gulf states, and the Midwest of the US.
?In November 2017, Aggreko received a contract to provide around 60 generators supplying more than 10 MVA (mega volt ampere) of energy, distributed through more than 240 panel and 26 km of cable for Glasgow 2018 European Championship
?In June 2017 Mattias Ekholm Predators Jersey , Caterpillar Inc. and Ritchie Bros. formed a partnership under which Ritchie Bros. will become Caterpillar preferred global partner for onsite and online auctions for used Caterpillar equipment. The partnership is expected to strengthen Ritchie Bros. relationship with independent Caterpillar dealers around the world by providing them enhanced and continued access to a global auction marketplace to sell their used equipment.
About MarketsandMarkets
MarketsandMarkets?provides quantified B2B research on 30,000 high growth niche opportunitiesthreats which will impact 70% to 80% of worldwide companies?revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets?for their painpoints around revenues decisions.
MarketsandMarketsflagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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