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Global Power Rental Accessories Market: COVID-19 Business Continuity Plan | Evolving Opportunities with ABM Investama Tbk and Aggreko Plc | Technavio | 2020-09-14 | Press Releases



The global power rental accessories market size is expected to grow by USD 10.60 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 1%. Request Free Sample Report on COVID-19 Impacts

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Technavio has announced its latest market research report titled Global Power Rental Accessories Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Power Rental Accessories Market 2020-2024 (Graphic: Business Wire)

Read the 120-page report with TOC on “Power Rental Accessories Market Analysis Report by Product (Power accessories and Fuel accessories) and Geography (North America, Europe, APAC, MEA, and South America), and the Segment Forecasts, 2020-2024”.

The market is driven by the increased use in infrastructural activities. In addition, the presence of mandates on load bank testing is anticipated to boost the growth of the Power Rental Accessories Market.

The governments of several countries are focusing on improving their infrastructure by making significant investments. They are initiating several short-term and long-term projects related to the engineering, maintenance, management, and development of infrastructure. For instance, the Government of India launched a project to transform 99 cities in the country into smart cities. In February, it allocated a budget of USD 31.42 billion to complete the project. Such projects require temporary power solutions. Hence, rental power solutions, including accessories, are preferred as they are reliable, flexible, and cost-effective for short-term projects. Therefore, the development of infrastructure in several countries will drive the growth of the global power rental accessories market during the forecast period.

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Major Five Power Rental Accessories Companies:

ABM Investama Tbk

ABM Investama Tbk has business operations under three segments: mining contractor and coal mining, services, and fabrication. The company offers a wide range of power tool accessories on a rental basis.

Aggreko Plc

Aggreko Plc operates its business through two segments: rental solutions and power solutions. The company offers a wide range of power tool accessories on rental basis.

Atlas Copco AB

Atlas Copco AB has business operations under various segments such as compressor technique, vacuum technique, industrial technique, and power technique. The company offers a wide range of power tool accessories on rental basis.

Caterpillar Inc.

Caterpillar Inc. operates its business through four segments: resource, construction, energy and transportation, and financial products. The company offers a wide range of power tool accessories on rental basis.

Cummins Inc.

Cummins Inc. has business operations under various segments such as engine, distribution, components, power systems, and new power. The company offers a wide range of power tool accessories on rental basis.

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Power Rental Accessories Market Product Outlook (Revenue, USD mn, 2020-2024)

  • Power accessories – size and forecast 2019-2024
  • Fuel accessories – size and forecast 2019-2024

Power Rental Accessories Market Regional Outlook (Revenue, USD mn, 2020-2024)

  • North America – size and forecast 2019-2024
  • Europe – size and forecast 2019-2024
  • APAC – size and forecast 2019-2024
  • MEA – size and forecast 2019-2024
  • South America – size and forecast 2019-2024

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Copyright Business Wire 2020

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Powell River mayor provides update on mill, business and COVID-19




City of Powell River mayor Dave Formosa reported on a number of initiatives at the September 15 committee of the whole meeting.

Formosa told council he has been meeting with people from out of town looking to move to the Powell River area. He said some are interested in starting businesses, and there are groups looking at creating businesses within the community.

“We are getting a lot of publicity lately for our very active real estate market,” said Formosa. “That also brings entrepreneurs that find their way into city hall and into the mayor’s office.”

Formosa said he has been having conversations with Patrick Corriveau, vice-president of paper and packaging with Catalyst Paper Corporation, which is wholly owned by Paper Excellence. He said discussions have involved Catalyst’s plans for short-term back-to-work and long-term outlooks for the mill.

“I’ve had three meetings with him via telephone in the last little while,” said Formosa. “I’ve also been talking about taxes and tax revitalization issues.”

He said he had been receiving a fair number of calls from residents who are not happy with information coming out of city hall regarding the COVID-19 situation locally.

“They are seeing news reports from our friends in the Tla’amin Nation and the issues of the outbreak in their community, and the great job they are doing,” said Formosa. “Our citizenry is wondering what is going on here in Powell River.”

Formosa said residents were wondering if there were similar outbreaks in Powell River and that the city is working with Vancouver Coastal Health very closely. He added that leaders of the three governments – Tla’amin, qathet Regional District and City of Powell River, plus chief administrative officers of those three governments, the chair of the emergency operations centre and the chair of the regional hospital board – have been trying to get Vancouver Coastal Health to come up with some language that can be shared with the public.

“Folks are curious,” said Formosa. “They hear there are X-amount of cases and I don’t blame them. We’re hoping there will be some announcements coming out very soon, jointly, with the three levels of government, that can help our residents somewhat in regard to this COVID-19 situation that we are finding ourselves in here in our district.”

Formosa said a meeting was held with the city’s protective services group and that crime rates are on the downswing, “which makes us very happy.”

“We are hoping to continue this trend,” added Formosa, “with seeing our crime rate come down.”


Copyright © Powell River Peak

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Paper towel in short supply as people stay home, clean more – Business News




First TP, now paper towels

The Canadian Press – | Story: 311158

The head of Canada’s largest manufacturer of tissue products says he’s concerned about the industry’s supply of paper towel ahead of a potential second wave of COVID-19.

Kruger Products CEO Dino Bianco says demand for paper towel has soared as people stay at home and clean more frequently.

He says the industry is “very tight” on paper towel inventory across North America, despite efforts to build up supply.

Bianco says Kruger, which makes SpongeTowels paper towels, is pushing to open its new plant in Sherbrooke, Que., to add more capacity in Canada.

Although slated to open in February 2021, he said the company is trying to get the factory up and running faster. Some machines started over the summer, while more are set to come online in October.

Bianco said the plant will increase the company’s paper towel and toilet paper manufacturing capacity by 20 per cent.

Meanwhile, he says the company is also seeing a shortage of the recycled fibres used in about 25 per cent of its tissue products.

Bianco says Kruger recycles white paper used in offices, but that the market has dried up because people aren’t in offices printing.

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Markets Tumble as Surge in Virus Cases Imperils Recovery: Live Business Updates




Credit…Darren Staples/Reuters

European energy companies like BP, Royal Dutch Shell and others have lately been selling off oil fields and investing billions in renewable energy, a response to plunging oil prices and growing concerns about climate changes.

But the American oil giants Chevron and Exxon Mobil are going in a far different direction. They are doubling down on oil and natural gas and investing what amounts to pocket change in innovative climate-oriented efforts like small nuclear power plants and devices that suck carbon out of the air.

The disparity reflects the vast differences in how Europe and the United States are approaching climate change, a global threat that many scientists say is increasing the frequency and severity of disasters like wildfires and hurricanes. European leaders have made tackling climate change a top priority while President Trump has called it a “hoax” and has dismantled environmental regulations to encourage the exploitation of fossil fuels.

The big American and European oil and gas companies publicly agree that climate change is a threat and that they must play a role in the kind of energy transition the world last saw during the industrial revolution. But the urgency with which the companies are planning to transform their businesses could not be more different.

“Despite rising emissions and societal demand for climate action, U.S. oil majors are betting on a long-term future for oil and gas, while the European majors are gambling on a future as electricity providers,” said David Goldwyn, a top State Department energy official in the Obama administration. “The way the market reacts to their strategies and the 2020 election results will determine whether either strategy works.”

Credit…Felix Odell for The New York Times

As car sales collapsed in Europe because of the pandemic, one category grew rapidly: electric vehicles.

One reason is that purchase prices in Europe are coming tantalizingly close to the prices for cars with gasoline or diesel engines. For example:

  • An electric Volkswagen ID.3 for the same price as a Golf.

  • A Tesla Model 3 that costs as much as a BMW 3 Series.

  • A Renault Zoe electric subcompact whose monthly lease payment might equal a nice dinner for two in Paris.

This near parity is possible only with government subsidies that, depending on the country, can cut more than $10,000 from the final price. Carmakers are offering deals on electric cars to meet stricter European Union regulations on carbon dioxide emissions. Electric vehicles are not yet as popular in the United States, largely because government incentives are less generous.

As electric cars become more mainstream, the automobile industry is rapidly approaching the tipping point when, even without subsidies, it will be as cheap, and maybe cheaper, to own a plug-in vehicle than one that burns fossil fuels. The carmaker that reaches price parity first may be positioned to dominate the segment.

A few years ago, industry experts expected 2025 would be the turning point. But technology is advancing faster than expected, and could be poised for a quantum leap. Elon Musk is expected to announce a breakthrough at Tesla’s “Battery Day” event on Tuesday that would allow electric cars to travel significantly farther without adding weight.

The balance of power in the auto industry may depend on which carmaker, electronics company or start-up succeeds in squeezing the most power per pound into a battery, what’s known as energy density.

“We’re seeing energy density increase faster than ever before,” said Milan Thakore, a senior research analyst at Wood Mackenzie, an energy consultant which recently pushed its prediction of the tipping point ahead by a year, to 2024.

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