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Power Rental Market: Market Segments: By Fuel Type (Diesel Generators and Gas Generators); By Power Rating (Less Than 50 KW, 51 KW t- 500 KW and Above 500 KW);
By Application (Peak Shaving, Base Load and Standby); By End-User (Utilities, Oil & gas, Events, Construction, Mining, Manufacturing, Telecom & Datacenter and Others); and Region - Global Analysis by Market Size, Share & Trends for 2014 - 2020 and Forecasts t- 2030
Product Overview
Power Rental is characterized as a power that is leased out for a particular amount of time and is controlled by either a written or verbal agreement. Power rental signifies about the facility of temporarily renting generators or power plants for providing energy t- industrial units. In many industries, power rental is increasingly used, as it can supply instant power, such as for power outages in remote areas without power networks.
Market Highlights
Power Rental Market is expected t- project a notable CAGR of 6.9% in 2030.
Power Rental Market t- surpass USD 13.4 billion by 2030 from USD 8.9 billion in 2019 at a CAGR of 6.9% throughout the forecast period, i.e., 2019-30. The growing demand for power and the availability of new personalized rental solutions for compressed air are the key factors driving the growth of the global market for power rental.
Power Rental Market: Segments
Continuous power segment t- grow with the highest CAGR during 2019-30
Power Rental Market is segmented
By Applications as peak shaving, continuous power, standby. base load/continuous segment held the leading position with a market share of around 43.5% in the power rental market in 2019. T- provide continuous electricity supply, the base load or continuous power plant needs minimum power generation.
Power Rental Market: Market Dynamics
Drivers
Growing foreign investments along with ongoing technological advancements
The share of the diesel power rental market will be complemented by rising foreign investment along with ongoing technological developments, including high reliability and performance. Frequent power cuts and blackouts would have a positive effect on the outlook of the sector, along with ageing transmission and distribution lines.
Restrain
Stringent emission regulations
The government agencies stringent pollution regulations and the impact of oil price volatility on sectors dependent on oil are expected t- impede the growth of the global power rental industry. In addition, the increased emphasis on renewable energy is expected t- further hamper the growth of this sector in the near future.
Power Rental Market: Key Players
Atlas Copc- AB
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
AGGREK- PLC
Ashtead Group plc
Bredenoord
BOWMAN POWER
Caterpillar Inc.
Cummins Inc.
Kohler Co.
One Source Equipment Rentals, Inc.
Power Rental Market: Regions
Power Rental Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC and MENA.
Power Rental Market in North America held the largest market share of XX.X% in the year 2019 and it is expected t- continue its market dominance in the future owing t- factors such as growing investments in the industries of oil & gas, manufacturing, and mining. In addition, the increased investment in mining and related exploration activities in the area is als- driving the demand for rental of electrical equipment over the forecast period. With the highest CAGR, MEA is expected t- rise, and this is due t- the rising demand for electricity from the construction sector, as well as the need t- supply power t- outdated power plants. In addition, the rise in investments in infrastructure in countries such as the U.A.E., Oman and Saudi Arabia is expected t- further fuel demand for leased power in the region in the coming years, with the market expected t- expand at its fastest during the forecast period.
Power Rental Market report als- contains analysis on:
Power Rental Market Segments:
By Fuel Type:
Diesel Generators
Gas Generators
By Power Rating:
Up t- 50 kW
51 kW-500 kW
501 kW-2,500 kW
By Application:
Peak Shaving
Standby Power
Base Load/ Continuous Load
By End-User:
Utilities
Oil & gas
Events
Construction
Mining
Manufacturing
Telecom & Datacenter
Others
Power Rental Market Dynamics
Power Rental Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Power Rental Market
Which segment is anticipated t- hold the largest market share?
At what CAGR is the market anticipated t- grow between 2020 and 2030?
Wh- are the key players in the Power Rental Market?
What could be the challenging factors in the growth of Power Rental Market?
What are the growth drivers for the Power Rental Market?