Power Rental Market Dynamics – Driver, Segment & Competition FY2030

Overview of the Global Power Rental Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Global Power Rental Market 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), The Global Power Rental Market size was valued at USD 12,898 Million in 2024 and is estimated to grow at a CAGR of around 4.93% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Global Power Rental Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-2030

Historical Data: 2019-22

CAGR (2024-2030): 4.93%

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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.

A Comprehensive Analysis of Leading Companies of Power Rental Market by MarkNtel Advisors:

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 (Shenton Group, Modern Hiring Services, etc.)

Key Power Rental Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/power-rental-market.html

-By Fuel Type

Diesel
Natural Gas

Diesel generators are generally the most preferred choice among consumers. As diesel is more expensive than gas but it has higher energy density and also gives more energy out of the diesel.

-By End User

Power Utility
Manufacturing
Construction
Mining Metals
Others (Events, Corporate Retail)

The construction sector holds a significant market share among the end users. As construction activities in residential, and commercial activities are increasing due to increasing investment in real estate, infrastructure developments, etc.

-By Equipment

Generators- Market Size Forecast 2019-2030F, USD Million
Transformers- Market Size Forecast 2019-2030F, USD Million
Load Banks- Market Size Forecast 2019-2030F, USD Million
Ancillary Equipment- Market Size Forecast 2019-2030F, USD Million

-By Application

Peak Shaving- Market Size Forecast 2019-2030F, USD Million
Base Load- Market Size Forecast 2019-2030F, USD Million
Stand by- Market Size Forecast 2019-2030F, USD Million

-By Power Rating

Up to 50 KW- Market Size Forecast 2019-2030F, USD Million
51KW - 500KW- Market Size Forecast 2019-2030F, USD Million
501KW- 2500 KW- Market Size Forecast 2019-2030F, USD Million
Above 2500KW- Market Size Forecast 2019-2030F, USD Million

Geographical Analysis

-By Region

North America
South America
Europe
The Middle East Africa
Asia-Pacific

The North American region is expected to dominate the Global Power Rental Market during the forecast period, owing to factors such as increasing investment in construction, mining activities, IT and data centers, oil and gas, etc. Countries such as the US and Canada are the fastest-growing markets in the North American region.

Key Reports Highlights:

Market Dimensions Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 4.930+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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