Power Rental Market Overview
As per recent research by MarkNtel Advisors, the global Power Rental Market size is estimated to grow at a CAGR of around 7.4% during the forecast period, i.e., 2024-30.
Power Rental Market Dynamics
Market Drivers : 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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Power Rental Market Segmentation Overview 2024-2030: Key Factors
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
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
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Power Rental Market Geographical Insights:
By Region:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Key Players and Competitive Strategies in the Power Rental Market
Several prominent players dominate the Power Rental Market, including:
- Aggreko Plc
- Ashtead Group Plc.
- United Rental Inc.
- Atlas Copco
- Caterpillar Inc.
- Generac Holdings Inc.
- Bredenoord
- Nishio Rent All Singapore Pte Ltd.
- Others
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Questions Addressed in this Study
1.How big is the Power Rental Market Size?
2.What is the Power Rental Market Growth?
3.Who are the key players of the Power Rental Market?
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