Oct 31 2017
The "Global Generator Rental Market for Mining Industry 2017-2021" report has been added to Research and Markets' offering.
The report forecasts the global generator rental market for mining industry to grow at a CAGR of 3.27% during the period 2017-2021.
The report, Global Generator Rental Market for Mining Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is expansion in mining industry in developing countries. The global demand for mineral-based products is expected to increase majorly because of the continuing expansion of mining activities in developing nations. Therefore, the increase in demand for mineral-based products is expected to lead to an increase in demand for rental power for on-site operations.
One driver in the market is increasing demand for rental power. Generally, for a wide population of a country, electricity is supplied by a utility or electricity corporation. However, this is not the case in the mining sector where mines are located in remote wilderness. Also, grid power is limited or non-existent in these remote locations. Mining is one of the most energy intensive industries. Heavy machinery such as excavators, drills, shovels, and excavating machines are used to dig trenches and extract tons of mineral ores.
Market Trends:
- Increase in the use of gas and hybrid generators for rental power due to emission and cost concerns
- Introduction of remote monitoring technology for power rental clients
- Expansion in mining industry in developing countries
Key vendors
- Aggreko
- Atlas Copco
- Cummins
- Energyst
- United Rentals
Source: https://www.researchandmarkets.com/