As per current published report by Markntel Advisors the Power Rental Market is estimated to grow at a CAGR of around 7.4% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Power Rental Market Driver:
The Rapid Expansion of the Construction Industry Fuelling the Market Growth – The construction activities in the residential, commercial, and hospitality sectors are increasing due to increased demand. The construction activities require electric power to run the various equipment and machinery at sites where construction takes place. The tools and machinery required at the construction sites including air compressors, hand drills, chain saws, battery chargers, electric welders, etc., have a power requirement for which the contractors or organizers hire power rental services to fulfil the requirement of energy during construction activities. Therefore, the surge in construction activities is driving the growth of the Power Rental Market.
The Power Rental Market has segmented the market into the following categories:
By Equipment
(Generators, Transformers, Load Banks, Ancillary Equipment),
By Fuel Type
(Diesel, Natural Gas),
By Application
(Peak Shaving, Base Load, Stand by),
By Power Rating
(Up to 50 KW, 51KW – 500KW, 501KW- 2500 KW, Above 2500KW),
By End-User
(Power Utility, Manufacturing, Construction, Mining & Metals, Others)
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By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Competitive Environment Featuring Key Players:
Aggreko Plc, Ashtead Group Plc., United Rental Inc., Atlas Copco, Caterpillar Inc., Generac Holdings Inc., Bredenoord, Nishio Rent All Singapore Pte Ltd., Herc Rental Inc., Rental Solutions & Services, LM Generating Power Co., Ltd., Speedy Hire Plc, APR Energy, Newburn Power Rental, Others
Reasons to Purchase this Report:
-Market segmentation based on both economic and non-economic characteristics, analyzed both qualitatively and quantitatively
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-Providing market value estimates (in USD Million/Billion) for every section and subsegment
-Identifies the area and market segment that are anticipated to expand at the quickest rate and to hold the majority of shares.
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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
-Comprehensive company profiles for the main market players that include a company overview, company insights, product benchmarking, and SWOT analysis
-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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