Power Powering the Oil Industry: The Top 5 Vendors in Rental Generators for Oil & Gas
The global generator rental market for the oil and gas industry occupies 32 % of its parent market – the global power rental market. But who are the top players in this field? A recent study shows the cream of the crop of a coming US $ 1040 billion market…
London/United Kingdom – The global generator rental market for the oil and gas industry is forecast to be valued at USD 1040 million by 2021, growing at a CAGR of close to 4% through the forecast period. Diesel generators make up the leading product segment in the market, recent figures by market analysts Technavio show.
“The most important driver responsible for the growth of this market is the constant demand created for oil and gas. With the increase in demand for oil and gas, there has been an increase in exploration and production activities, which is creating a healthy demand for generators.
Other important drivers are the steadily increasing offshore drilling activities, and a need for consistent power,” says Thanikachalam Chandrasekaran, one of the lead analysts at Technavio for power research.
Discover the top companies in our gallery!
Competitive vendor landscape
The global generator rental market for the oil and gas industry is a fragmented market that includes many prominent vendors offering generators that range from 20 kW to 2,000 kW.
These vendors offer a broad variety of products and turnkey solutions right from planning until the installation at short turnover periods along with constant support and maintenance.
The need for continuous power supply along with a broad range of products and services helps in increasing the reach of established players such as Aggreko, APR Energy, Atlas Copco, Energyst, and United Rentals.