MarkNtel Advisors recently published a detaited industrial analysis of the Global Power Rental Market. The report covers growth trends, geographic marketing strategies, challenges, importunities, and drivers influencing the market.

Global Power Rental Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 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.

Key Findings in Global Power Rental Market:

  • Historical Analysis: 2019–2022
  • Base Year: 2023
  • Forecast Period: 2024–2030

Leading Market Players- 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

Key Highlights of the Report

  • 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

What are the major Driver the Global Power Rental industry?

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.

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What segments define the Global Power Rental Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

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 Fuel Type

    • Diesel- Market Size & Forecast 2019-2030F, USD Million
    • Natural Gas- Market Size & Forecast 2019-2030F, USD Million

According to report, Diesel generators are generally the most preferred choice among consumers. 

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

By End-User

    • Power Utility- Market Size & Forecast 2019-2030F, USD Million
    • Manufacturing- Market Size & Forecast 2019-2030F, USD Million
    • Construction- Market Size & Forecast 2019-2030F, USD Million
    • Mining & Metals- Market Size & Forecast 2019-2030F, USD Million
    • Others (Events, Corporate & Retail)- Market Size & Forecast 2019-2030F, USD Million

According to report, The construction sector holds a significant market share among the end users. 

Explore the Complete Global Power Rental Market Analysis Report – https://www.marknteladvisors.com/research-library/power-rental-market.html

Geographical Analysis: Global Power Rental Market

 By Region

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

Global Power Rental Market Recent Development:

  • 2023: Aggreko Plc announced the acquisition of Resolute Industrial and Crestchic plc, creating additional growth opportunities through access to high return on capital equipment usually in short supply in the industry.

Key Questions Addressed in This Study

·        What are the primary factors driving the growth of the Global Power Rental Market?

·        How is the Global Power Rental Market expected to evolve over the next five years?

·        What key insights can be drawn from current trends shaping the market?

·        What is the current market size, and how is it forecasted to change in the coming years?

·        What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

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

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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