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Power Rental Market By End-User Industry, By Applications, Types - Global Trends & Forecasts (2012 - 2019)
The growth of the power rental market is directly proportional to the utilities, oil & gas, and quarrying and mining end-uses activities across the globe. The nature of the power rental market is highly dependent on the investments from the service operator companies. It also depends on the companies that are increasing their fleet capacity and making agreements with the utility companies of the nation.
The recent developments in the power rental market provide an encouraging scenario.. The power rental market has also seen many agreements as part of the market strategy, which is being carried out by major power rental companies. Leasing contractor companies are still the frontrunners when it comes to providing services in the industry.
Aggreko Plc. (U.K.), APR Energy Plc. (U.S.), Caterpillar Inc. (U.S.), The Hertz Corporation (U.S.), Bredenoord Exploitatiemij B.V. (The Netherlands), United Rentals (U.S.), Cummins Inc. (U.S.), Speedy Hire Plc. (U.K.) have been the most active companies in terms of strategic developments during January 2011 to January 2014. Most of these market players are present in Europe and North America and have been actively participating in competitive developments.
The global power rental market is dominated by a few players. Almost all these top companies have a global presence and enjoy a majority of the market share. The leading operators of power rental are located mostly in North America and Europe.
The leading companies of the power rental market focus on agreements and collaborations as the capital expenditure is very high in the utilities and oil & gas industry. These leading companies are based in the North America and are now focusing on the Middle East, African, and Asia-Pacific markets for expansion. Hence, investments in these regions are carried out by signing various agreements and collaborations.
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