openPR Logo
Press release

Power Rental Market

01-16-2020 01:05 PM CET | Energy & Environment

Press release from: P&S Intelligence

The demand for power from the emerging economies, including Qatar, Turkey, India, China, South Korea, Brazil, and Thailand, is surging at the present time due to their swift transformation in terms of industrialization, acceptance of mixed economy, and technological advancements. In addition to this, these countries are continuously witnessing a surge in infrastructure and construction-related activities, which is further supporting their economic growth. All these developmental activities need electricity for the smooth functioning of operations. But many of these countries are devoid of utility services and are completely dependent on rental power for commercial and residential power applications, which is resulting in increasing demand for rental power.
Explore the detailed analysis at: https://www.psmarketresearch.com/market-analysis/power-rental-market

Rental power is basically temporary power generated by rental systems in order to meet the power requirements and is primarily utilized by industries which are located remotely and do not have access to permanent electricity. According to a study conducted by P&S Intelligence, the power rental market generated a revenue of $9,167.6 million in 2017 and is expected to register a 10.3% CAGR during the forecast period (2018–2023). The two major fuel types utilized by power rental generators are gas and diesel. Other fuel types include hydrogen, solar, and gasoline. Among these, the largest demand during 2013–2017 was created for diesel generators.

Get the sample copy of market analysis at: http://bit.ly/2rzoA29


Several sectors make use of rental power: oil & gas, construction, mining, utilities, industrial, events, and others (which include military, manufacturing, shipping, and residential & commercial buildings). Out of these, the highest demand for rental power was created by the utilities sector and the situation is projected to remain the same during the forecast period as well. The reason for this is the conversion of aging thermal power plants into natural gas-fueled plants in order to fill the power supply demand gap during the conversion, which is why utility companies are renting power generators. The fastest growth in demand is predicted to be witnessed by the construction sector in the coming years.


Among different regions, namely Europe, Latin America (LATAM), Middle East & Africa (MEA), North America, and Asia-Pacific (APAC), the highest demand for rental power was created by the MEA region during 2013–2017 and the situation is expected to remain the same during the forecast period as well. This is ascribed to the surging requirement for rental power from various end users, including construction, oil & gas, utilities, and events, swift industrialization, outdated power plants, and ongoing infrastructural development.


A key trend being witnessed in the power rental market is the rising popularity of gas and hybrid generators. Gas-based generators are considered pocket and environment-friendly because they are more affordable than conventional fuel-based generators, release less emissions, and create negligible noise. Apart from this, hybrid generators which work on bi-fuel operation mode, using random combinations of diesel, gas, and solar energy, have also been developed. These generators are sustainable, clean, and easily available. It is due to these factors that different companies and consumers have started preferring hybrid generators over diesel generators.

Contact us:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Power Rental Market here

News-ID: 1898205 • Views:

More Releases from P&S Intelligence

U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period. According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sectors
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period. This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by Omnichannel Integration
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, and Growth Opportunities
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,

All 4 Releases


More Releases for America

Deodorants Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Deodorants market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Sequestrant Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Sequestrant market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Buttermilk Market Study by Region (North America, Latin America, Europe, Asia, M …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Buttermilk market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Masterbatches Market Study by Region (North America, Latin America, Europe, Asia …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Masterbatches market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth