Global Power Rental Market, by Fuel Type (Diesel, Gas, and Others), by Applications (Peak Shaving, Base Load/ Continuous, and Stand by), by End-Use (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, and Shipping), and by Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

  • Report code : CMI14973 |
  • Industry :

    Energy

  • Published On : Oct 2017 |
  • Pages : 400 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Power Rental Market Insights

Power rental plants are required for temporary supply of power for industries due to the supply-demand gap in electricity. To avoid financial losses, industries requires a constant power supply. Therefore, industries use additional power by introducing short-term initiatives, such as leasing or renting addition power by using diesel generators to fulfill their need for power.

Major drivers propelling the growth of power rental market globally include rapidly developing construction industry. According to CMI, the global construction industry is projected to expand at a CAGR of 5.8% from 2017 to 2025.

North America led the power rental market and is expected to witness a CAGR of 6.4% during the forecast period. Increasing demand for electricity and challenges in power sector, such as federal carbon policies on carbon emission and meeting energy targets are the main reasons for development of power rental market in this region. The emerging economies in Asia Pacific such as India and China, are expected to propel the growth of power rental market in the region in near future. Furthermore, industries such as construction, event, oil and gas, mining, manufacturing, and shipping have a high requirement for rental electricity for continuous operation. These factors are highly responsible for the growth of the power rental market in Asia Pacific.

Among applications, base load/continuous segment held the leading position with a market share of around 43.5% in the power rental market in 2016. Base load or continuous power plant takes minimum power generation to provide continuous electricity supply. The other types of continuous power plant are geothermal power plant, tidal power plant, and coal-fired power plant among others.

On the basis of end users, construction and oil & gas industries held the largest position in 2016, owing to high adoption rate of power rental technologies by industries. According to American Chemistry Council (ACC), 294 new chemical projects started in the U.S. in 2017, due to availability of cheap and abundant ethane and shale gas. The ever increasing demand for oil and gas all over the world is the major factor driving the growth of global power rental market. According to International Energy Outlook, 2016, the global energy demand is set to increase from 268 mboe/d in 2013 to 399 mboe/d by 2040.

Figure 1. Global Power Rental Market Share, By Application, 2016

power rental market

Source: Coherent Market Insights 2017

Base load/continuous was the largest segment in 2016 and is expected to maintain its position during the forecast period. Base load segment was valued at US$ 5.55 billion in 2016 and is expected to grow at a CAGR of 7.3% during 2017 - 2025.

Major Players in the Global Power Rental Market:

Some of the major players in the power rental market include Aggreko PLC, United Rentals, Inc., APR Energy, PLC, Caterpillar, Inc., Cummins, Inc., Hertz Equipment Rental Corporation, Generac Power Systems, and Rental Solutions & Services, LLC.

Power rental plants are simple power generators that generate on-demand power at the cost of fuel in order to reduce the power disruptions in almost any environment. For large scale companies, national utilities, individual business, hospital emergencies, and for various events, such as concerts and outdoor events power rental generators are used to prevent expensive downtime.

Market Dynamics

The major drivers in the growth of power rental market include increased demand for power and lack of power infrastructure. According to the U.S Energy Information Administration, the total world consumption of energy increases from 575 quadrillion Btu (British thermal unit) to 736 quadrillion Btu, with an increase of 28% from 2015 to 2040. Furthermore, many organizations and industries, such as oil & gas, construction, manufacturing, mining, and other industries periodically upgrade their electric substation for maintenance or growing load requirement, as they are not able to stop production for that amount of time. Hence, rental power generator fulfills the need of power for the continuous production until the regular operations ready to resume. Furthermore, increased construction activities and increase in demand for oil & gas industry is propelling the growth of power rental market.

Key features of the study:

  • This report provides in-depth analysis of power rental market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2016 – 2024), considering 2015 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
  • It profiles leading players in the global power rental market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans.
  • Key companies covered as a part of this study include Aggreko PLC, United Rentals, Inc., APR Energy, PLC, Caterpillar, Inc., Cummins, Inc., Hertz Equipment Rental Corporation, Generac Power Systems, and Rental Solutions & Services, LLC.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics.
  • The global Power Rental market report caters to various stakeholders in this industry including investors, suppliers, power rental device manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the power rental market.

Detailed Segmentation:

  • Global Power Rental Market, By Fuel:
    • Diesel
    • Gas
    • Others
  • Global Power Rental Market, By Application:
    • Peak Shaving
    • Base Load/ Continuous
    • Stand by
  • Global Power Rental Market, By End User:
    • Utilities
    • Oil & Gas
    • Events
    • Construction
    • Mining
    • Manufacturing
    • Shipping
  • Global Power Rental Market, By Geography:
    • North America
      • U.S.
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Canada
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
    • Europe
      • U.K.
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Germany
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Italy
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • France
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Russia
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Rest of Europe
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
    • Asia-Pacific
      • China
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • India
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Japan
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • ASEAN
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Australia
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • South Korea
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Rest of Asia Pacific
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
    • Latin America
      • Brazil
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Mexico
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Rest of Latin America
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
    • Middle East
      • GCC
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Israel
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
    • Africa
      • North Africa
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • Central Africa
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
      • South Africa
        • By Fuel:
          • Diesel
          • Gas
          • Others
        • By Application:
          • Peak Shaving
          • Base Load/ Continuous
          • Stand by
        • By End User:
          • Utilities
          • Oil & Gas
          • Events
          • Construction
          • Mining
          • Manufacturing
          • Shipping
  • Company Profiles
    • Aggreko PLC*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • United Rentals, Inc.
    • APR Energy, PLC
    • Caterpillar, Inc.
    • Cummins, Inc.
    • Hertz Equipment Rental Corporation
    • Generac Power Systems
    • Rental Solutions & Services, LLC 

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Fuel
      • Market Snippet By Application
      • Market Snippet By End-Use
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Epidemiology/Prevalence/Incidence
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Power Rental Market, By Fuel, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Diesel
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Gas
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  5. Global Power Rental Market, By Application, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Peak Shaving
      • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
    • Base Load/ Continuous
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Stand by
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  6. Global Power Rental Market, By End-Use, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Utilities
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Events
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Construction
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Mining
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Manufacturing
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Shipping
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  7. Global Power Rental Market, By Regions, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, For Regions, 2014 - 2024
    • North America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • China
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
    • Africa
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Fuel, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (US$ Million)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Aggreko PLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • United Rentals, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • APR Energy, PLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Caterpillar, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cummins, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Hertz Equipment Rental Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Generac Power System
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Rental Solutions & Services, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 200 market data tables and 90 figures on "Power Rental Market - Global forecast to 2025”.

 

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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