Power Rental and Insights of Power Rental Market.

What is Rental Power?

Rental Power is the power which is designed to meet short-term and emergency requirements of a particular country. The Rental Power Plants are designed and developed within a span of 4 to 6 months. This development is somewhat depended on the technological resources of the respected country. The Rental periods for which the power is taken on rent are normally 5 to 7 years long depending on country’s requirement and needs.

Rental power plants are simple cycle plants and they consume significantly more fuel than combined cycle power plants which are normally set up as Independent Power Producers(IPP).

Advantages of Rental Plant Over IPP:

• As we know that the rental power contracts are for 5-7 years unlike IPP which are for 20-25 years of contract, the rental tariffs are low for Rental Power as compared to Independent power producers.
• Short-term implementation of rental plants to meet emergency requirements.
• Rental plants works efficiently and compete with the country’s other power plants particularly in the public sector. 

The power rental has primarily two generators for the power generation:
1) Diesel Generator:
        The Fuel consumption for generating power is less compared to Gas Generator. The cost of Diesel Generator is higher than Gas Generator.
2) Gas Generator:
         The Fuel consumption for generating power is more compared to Diesel Generator. The cost of Gas Generator is lower than Diesel Generator.

 

 Insights of Power Rental Market

Rapidly increasing power demand, lack of grid stability & support, as well as tendency to rent instead of buying are the major affecting factors of the Power Rental Market.

Day by day Increasing Economies and Rapidly developing countries have shortage of power supply capacity because they don't have the permanent power solutions. Most of the Growing Economies Fail to predict future electricity demand and are unable to finance major capital projects, hence they have created the market for power rental solution.

Global Power Rental Market Worth $17 Billion by 2017.

Power rental market is estimated to have $6.4 Billion revenue in 2011 is forecasted to grow from $7.8 billion in 2012 to $17 illion in 2017. During 2011 – 2016 the market will experience 17% CAGR(Compound Annual Growth Rate) primarily due to economical growth of developing countries where power demands will outpace the permanent power capacities.

Power Rental Market Share, By Geography, 2011

 Above Market share clearly indicate that North-America has the highest share in global power rental revenue market followed by the Middle East and then the Asia Pacific.



For More Information on Power Rental Market Visit:
http://www.prweb.com/releases/rental-power-generation/market/prweb10164773.htm