Rental power market to grow by 13% per year to 2020

Rental on-site power
Rental on-site power

The global market for rental on-site power systems is predicted to reach $21.3 billion by 2020, according to new analysis.

Research firm Markets and Markets’ report, Power Rental Market – Global Trends & Forecasts to 2020, predicts an annual growth rate of 12.9% for the sector from its $11.6 billion revenue so far this year.

The fastest-growing market segments for rental power are utilities and the events industry, the report said.

In regional terms, the Middle East and Asia-Pacific are predicted to show the highest growth rates within the forecast period, overtaking the current market leader, North America.

In 2014, North America held 20.2% of the global rental power market, followed by the Middle East with around 19%.

à‚ 

No posts to display