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Global Power Rental Market Size Study, by Application, by End-Use Industry, by Fuel Type, by Equipment and Regional Forecasts 2022-2032

Global Power Rental Market Size Study, by Application, by End-Use...

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Global Power Rental Market Size Study, by Application, by End-Use Industry, by Fuel Type, by Equipment and Regional Forecasts 2022-2032
Global Power Rental Market Size...
Report Code
RO6/103/1297

Publish Date
22/Aug/2024

Pages
200
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The global power rental market is valued at approximately USD 10.70 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.03% over the forecast period 2024-2034. This remarkable growth trajectory is primarily driven by the escalating demand for reliable and flexible power solutions across various sectors, especially during emergencies and critical situations. Power rental systems have become indispensable in providing rapid deployment of temporary power infrastructure for organizations, governments, and communities. This increasing demand spans multiple industries, including construction, events, utilities, and disaster recovery, underscoring the critical need for uninterrupted power supply during both emergencies and planned outages.

The growing awareness of the necessity for continuous power supply and business continuity serves as a major driver for the global power rental market. Organizations are increasingly relying on rental power solutions to mitigate risks associated with power outages, equipment failures, and grid instability, thereby ensuring operational continuity and minimizing downtime. The integration of advanced technologies such as smart grids, renewable energy integration, and energy storage systems presents lucrative opportunities for market expansion, addressing challenges related to infrastructure constraints, environmental regulations, and the need for scalable and cost-effective power solutions. Overall, the global power rental market is experiencing robust growth, fuelled by the increasing emphasis on uninterrupted power supply, technological innovations, and the widespread adoption of rental power solutions across diverse industries and sectors.

The key regions considered for the global Military Electro Optical and Infrared Systems Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The North American region, led by countries like the United States, Canada, and Mexico, is experiencing significant growth in the power rental market. These nations have implemented policies, incentives, and regulatory measures to promote the adoption of efficient and sustainable power rental solutions, driven by the need for reliable power infrastructure and disaster response capabilities. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period 2024-2032.

Major market players included in this report are:
Aggreko
AKSA Group
Atlas Copco AB
Caterpillar Inc.
United Rentals, Inc.
Cummins Inc.
Herc Rentals Inc.
Ashtead Group PLC
Kohler Co.
APR Energy
The detailed segments and sub-segment of the market are explained below:
By Application:
Peak Load
Standby Load
Continuous Load
By End-Use Industry:
Utilities Sector
Oil and Gas
Mining and Metals
Construction
IT and Data Centres
Manufacturing
Others
By Fuel Type:
Diesel
Natural Gas
Others
By Equipment:
Generators
Transformers
Load Banks
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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