Power Rental Market Size, Share & COVID-19 Impact Analysis, By Power Rating (Below 75 kVA, 75-375 kVA, 375-750 kVA and Above 750 kVA), By Fuel Type (Diesel, Gas, and Others), By Application (Continuous Load, Standby Load, and Peak Load), By End-user (Mining, Construction, Utility, Events, Manufacturing, Oil & Gas, and Others) and Regional
The Power Rental Market Insights of 2023 is an extensive and comprehensive report that provides a complete analysis of the market's size, shares, revenues, various segments, drivers, trends, growth, and development. The report also highlights the limiting factors and regional industrial presence that may affect the market's growth trends beyond the forecast period of 2028.
The market is projected to grow from USD 9.78 billion in 2021 to USD 16.70 billion in 2028 at a CAGR of 7.9% during the 2021-2028 period.
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Top Key Vendors:
Caterpillar Inc. (United States), Cummins Inc. (United States), Aggreko (United Kingdom), Atlas Copco (Sweden), Kohler-SDMO (France), Shenton Group (United Kingdom), NIDS GROUP (India), Jassim Transport and Stevedoring Co. K.S.C.C. (Kuwait), Pump Power Rental (United Kingdom), United Rentals (United States), Sudhir Power Ltd. (India), Modern Hiring Service (India), Newburn Power Rental Ltd (United Kingdom), Global Power Supply (United States), FG Wilson (United Kingdom), ProPower Rental (United States), APR Energy (United States)
The competitive landscape is constantly evolving as companies adapt to changing market dynamics, technological advancements, and regulatory shifts. Collaboration, strategic partnerships, and investments in research and development are common strategies employed by players to gain a competitive edge and capture new opportunities in the dynamic energy landscape.
Growth Factor Analysis:
Rental generator sets are mostly used for supplying power in areas with very low grid connectivity. Mining activities are among the key consumers of the energy from generators as most of the mining activities are carried out in areas located on the outskirts of cities or towns where the power supply through the grid is not available. Mining activities are not long-lasting and are for a temporary period and so, the players involved in the mining industry prefer rental power to meet their daily energy demand. Mining activities generally require higher power rating generator sets to conduct heavy digging operations. Therefore, the market potential for generator sets of ratings above 750 KVA is high in the mining industry. The factors mentioned above are anticipated to accelerate the demand for power generation rental solutions.
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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period. By Application segment also provides consumption during the forecast period. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Power Rating:
Below 75 kVA
Above 750 Kva
By Fuel Type:
Oil and Gas
The global Power Rental Market 2023-2028 is divided into various market segments based on the locations that they are around the globe. This segmentation is useful as it categorizes the various factors that are used to measure the growth of the market according to the various regions. the energy and power sector is a global market, with different regions having unique strengths and challenges. The shift towards renewable energy is a global trend, with countries around the world investing in wind, solar, and other forms of renewable energy to reduce greenhouse gas emissions and improve energy security.
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