SAN ANTONIO, July 27, 2017-- In a new analysis by Verify Markets, the European power rental market was valued at over $1.5 billion in 2016. The market is expected to reach revenues of over $2.3 billion in 2023. The Netherlands is expected to witness increasing growth from 2017 to 2023, higher than the overall European Power Rental Market. By 2023, the Netherlands is expected to be the third largest power rental market in Europe.
The construction industry is the primary end-user group for rental power in most of Europe. Generators sized between 100 – 500 kVA formed a large portion of the European Power Rental market in 2016. The key drivers include: Increasing demand for power from construction projects, standby or emergency power needed to replace generators under maintenance and an increasing focus of investing in core business activities. Prime power applications had the largest share across the region in 2016. This segment is expected to dominate the market throughout the forecast period.
Power rental companies are under increasing pressure to provide efficient generators with low emission levels. Renewable energy generators powered by solar energy, biogas, and other eco-friendly energy sources are expected to gain traction in the European power rental market during the forecast period.
In 2016, Aggreko Plc. emerged as the market leader in the European power rental market. Energyst Rental Solutions and LOXAM Group are the other major players in the market. In 2016, UK and Germany were the largest markets. The study focuses on the United Kingdom, Germany, France, Italy, Spain, the Netherlands and Norway. All the other European countries expect Russia and CIS countries have been modeled in.
Some of the key companies covered in this report include Aggreko plc, LOXAM Group, Energyst Rental Solutions BV, Atlas Copco Rental Europe NV, Powersolutions NV, HKL Baumaschinen GmbH, Ashtead Plant Hire Co. Ltd., Red-D-Arc Inc., Kiloutou S.A.S., Boels Verhuur B.V., General De Alquiler De Maquinaria S.A, MT Milantractor SpA, and Commercial De Maquinaria Morillo S.A., among others. This report provides an in-depth analysis of the overall European Power Rental Market. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecasts, and competitive landscape. The base year for the research is 2016 and forecasts by country are provided until 2023.
A copy of the European Power Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports include:
- North American Power Rental Market
- Latin American Power Rental Market
- Chinese Power Rental Market
- Middle East Power Rental Market
- African Power Rental Market
- Indian Subcontinent Power Rental Market
- Australian and New Zealand Power Rental Market
- Indonesian Power Rental Market
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