Power Rental Market Will Reach Usd 20.30 Billion by 2020: Zion Market Research

Published By:Zion Market Research

Global Power Rental Market: Industry Size, Share,
Trends Analysis and Forecast, 2015 – 2021

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Power Rental Market

Zion Market Research has published a new report titled “Power Rental Market by End-User
(Oil & Gas, Industrial, Construction and Others) For Peak Shaving, Base Load/ Continuous
Power and Standby Power Applications: Global Industry Perspective, Comprehensive
Analysis and Forecast, 2014 - 2020” According to the report, The global power rental
market was valued at approximately USD 10.02 billion in 2014 and is expected to
reach approximately USD 20.30 billion by 2020, growing at a CAGR of over 13.0%
between 2015 and 2020.
Power is generated by burning fossil fuels such coal, oil or gas to generate steam that
drives large turbines that produce electricity. Power rental is referred as plant hire which
provide flexibility, reliability, speed and cost-effectiveness. Power on rent can deliver
complete operating power packages as well as provide scalable components within large
power station installations to various industrial applications.
Request Report Sample https://www.zionmarketresearch.com/sample/power-rentalmarket

Power Rental Market
The global power rental market is expected to witness significant growth over the forecast
period on account of increasing demand for power across the globe. The increasing power
consumption, development of power infrastructure, and increasing construction &
development is anticipated to boost the demand for power rental in the coming years.
Furthermore, increasing demand for power from oil & gas industry is also a major driving
force of the power rental market. However, the presence of stringent regulations coupled
with rising environmental awareness may hamper the market growth in the...