Global Power Rental Market (2021 to 2026) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Power Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global power rental market exhibited moderate growth during 2015-2020. Looking forward, the publisher expects the market to grow at a CAGR of around 6% during 2021-2026.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Power rental refers to the facility of temporarily renting power plants or generators for supplying energy to industrial units. It delivers functioning power equipment along with various scalable components, which are installed in power stations. It also offers reliability, flexibility, speed and cost-effectiveness to businesses for coping with brief shortages of power. The power rental services are aimed to stabilize utility power grids and provide additional energy to industries and support communities. Owing to this, it finds extensive application across the construction, mining, and oil & gas industries.
The rising demand for uninterrupted power supply along with rapid industrialization across the globe are the key factors driving the market growth. The increasing instances of unreliable power supply generated through small-scale power grids and limited access to the main transmission network has catalysed the demand for rental generators across the utility and manufacturing industries. Furthermore, there is a growing requirement for scalable rental equipment that can overcome the problems associated with voltage sags & swells, and power outages. Additionally, rising awareness regarding the benefits of outsourcing power equipment is also impacting the market positively. Power rental systems enables consumers to obtain equipment according to their requirements in a cost-effective manner.
Moreover, the implementation of favourable government initiatives to expand metro and airport networks, along with the construction of hotels and shopping malls, are further increasing the demand for power rental across both the developed and emerging nations. Other factors, including the adoption of natural gas-based power generators and the increasing deployment of renewables as an alternative power source to reduce carbon emissions, are projected to drive the market further.
Companies Mentioned
- Aggreko Plc
- Caterpillar Inc.
- Atlas Copco Group
- Cummins Inc.
- United Rentals Inc.
- HIMOINSA S.L.
- Horizon Acquisition (Horizon Power Systems)
- The Hertz Corporation
- Generac Power Systems
- Wacker Neuson SE
- Wartsila Oyj Abp
- Speedy Hire Plc
- Smart Energy Solutions (SES)
- SoEnergy International
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Power Rental Systems Overview
4.2 Industry Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
5 Global Power Rental Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Fuel Type
5.5 Market Breakup by Equipment Type
5.6 Market Breakup by Power Rating
5.7 Market Breakup by Application
5.8 Market Breakup by End-Use Industry
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Fuel Type
7 Market Breakup by Equipment Type
8 Market Breakup by Power Rating
9 Market Breakup by Application
10 Market Breakup by End Use Industry
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porter’s Five Forces Analysis
15 PESTEL Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Product Benchmarking
16.3 Key Players
16.4 Merger & Acquisitions
16.5 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/qcnzn
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