Power Rental Market to receive overwhelming hike in Revenues by 2021-2031 | Atlas Copco AB, Caterpillar, United Rentals, Cummins, Inc., Aggreko

New York, According to a new market research report published by Global Insight Services Power Rental Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Power rental is the short-term or long-term renting of electrical generating equipment, such as generators, compressors, and other ancillary equipment. Power rental is often used by businesses and industries that have intermittent or seasonal power needs, or that require backup power in case of an emergency.

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Key Trends

The key trends in power rental technology are toward more efficient and environmentally friendly power generation. This includes a move away from traditional fossil fuel-powered generators to newer technologies such as solar, wind, and hydropower.

There is also a trend toward smaller, more portable power rental units that can be easily transported and set up at a variety of locations.

Additionally, there is a trend toward longer-term rentals, as opposed to the more traditional short-term rentals. This is due to the increasing demand for power rental units for construction projects, events, and other longer-term needs.

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Key Drivers

The key drivers of the power rental market are the increasing demand for electricity and the need for an uninterrupted power supply.

The demand for electricity is increasing due to rapid industrialization and urbanization. The need for an uninterrupted power supply is also increasing due to the increasing reliance on electricity. The power rental market is expected to grow due to the increasing demand for electricity and the need for an uninterrupted power supply.

Market segmentation

The global power rental market size is segmented into fuel type, power rating, application, and region. By fuel type, the market is fragmented into diesel, natural gas, and others. Depending on power rating, it is segregated into up to 50 KW, 51 to 500 KW, 501 to 2,500 KW, and above 2,500 KW. The applications covered in the study include peak shaving, standby power, and continuous power. Region wise, the market is studied across North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players operating in the global power rental industry include Atlas Copco AB, Caterpillar, United Rentals, Cummins, Inc., Aggreko, Generac Power Systems, Inc., Kohler Co., Ashtead Group plc., HERC Rentals Inc., and Wacker Neuson SE.

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Reasons to buy Power Rental Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.