Power Rental Market Size [2023-2028] | Industry Analysis, Share, Growth, and Trends Outlook Report

Published August 8, 2023

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)

Competitive Scenario:

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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Segmentation Analysis:

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
75-375 kVA
375-750 kVA
Above 750 Kva

By Fuel Type:

By Application:
Continuous Load
Standby Load
Peak Load

By End-user:
Oil and Gas

Regional Overview:

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.

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East and Africa)

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Key Benefits:

  • The Power Rental market report provides a quantitative analysis of the current market and estimations through 2023-2028 that assists in identifying the prevailing market opportunities to capitalize on.
  • The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
  • The report provides detailed information related to key drivers, restraints, and opportunities and their impact on the Power Rental market.
  • The report incorporates a competitive analysis of the market players along with their market share in the global market.
  • The SWOT analysis and Porter's Five Forces model is elaborated in the study of Power Rental market.
  • Value chain analysis in the Power Rental market study provides a clear picture of the stakeholders' roles.

Reasons to Purchase this Report:

  • Comprehensive insights on market trends, growth drivers, challenges, and opportunities for informed decision-making
  • In-depth analysis of market size, segments, competitive landscape, and reliable market forecasting for strategic planning
  • Benchmark your business against industry leaders and identify lucrative opportunities for growth
  • Anticipate future market trends and allocate resources effectively with reliable market forecasts
  • Gain valuable strategic insights to guide market entry, product development, and expansion plans
  • Save time and resources with pre-collected and analyzed data, providing a cost-efficient solution

Table of content:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Qualitative Analysis Impact of COVID-19
  6. Global Power Rental Market Analysis (USD Billion), Insights and Forecast, 2023-2028
  7. North America Power Rental Market Analysis (USD Billion), Insights and Forecast, 2023-2028
  8. Europe Power Rental Market Analysis (USD Billion), Insights and Forecast, 2023-2028
  9. Asia Pacific Power Rental Market Analysis (USD Billion), Insights and Forecast, 2023-2028
  10. Latin America Power Rental Market Analysis (USD Billion), Insights and Forecast, 2023-2028
  11. Middle East and Africa Power Rental Market Analysis (USD Billion), Insights and Forecast, 2023-2028
  12. Competitive Analysis

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Press Release Distributed by The Express Wire

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