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Global Power Rental Market By Fuel type: Gas, Diesel, others

09-22-2022 10:27 AM CET | Industry, Real Estate & Construction

Press release from: SkyQuest Technology

Power Rental

Power Rental

According to the latest research by SkyQuest Technology, Global Power Rental Market was valued at US$ 9.09 billion in 2021 and it is expected to reach at US$ 13.08 billion by 2028, at a CAGR of 4.6% during the forecast period (2022-2028).

Power rental offers fully functional power equipment as well as a variety of power plant components. Furthermore, when dealing with power outages, it provides organisations with flexibility, speed, and cost-effectiveness. Rental power services help stabilize utility power networks while also providing extra energy to industry and communities. As a result, it has numerous applications in mining, building and construction, and oil and gas industries.

The use of power rental equipment is expected to increase in the event of a power outage, propelling the global power rental market growth. Power rental systems meet the needs of a wide range of industries during power outages by providing backup power to keep operations running. For continuous power supply in the gas, oil, and mining industries, as well as the growing demand for electrification and rural power delivery due to ageing electricity infrastructure, grid stabilisation is required. The mining industry makes extensive use of rental power. Mining sites rely on generator sets that have been hired on a temporary basis because they are not connected to the grid. The existing power supply system such as purchased generator sets must be maintained, or when there is a need for extra power during peak load demand, or when there is a brief outage, rental generators are in moderate demand in manufacturing businesses. As a result, sectors with insufficient grid power are heavily reliant on the expansion of the power rental market. To save money, most businesses prefer to rent rather than purchase a new generator. Furthermore, projects from various sectors are spread across different regions and range from one site to the next. Renting a generator for different locations appears to be more convenient and cost-effective than hauling one's own generator between locations.

Get Sample Report@https://skyquestt.com/sample-request/power-rental-market

Read Market Research Report, " Global Power Rental Market" by Power Rating (Below 75 kVA, 75-375 kVA, 375-750 kVA, above 750 kVA), fuel Type (Gas, Diesel, others), Application (Continuous load, Standby load, Peak load), End User (Mining, Construction, Manufacturing, Utility, Events, Oil & Gas, Others), and Region- Forecast and Analysis 2022-2028" by SkyQuest.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about global Power rental market revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings
Driver-
Rapid industrialization around the world and an increase in demand for reliable power supply are the main drivers propelling the market expansion. Additionally, the demand for rental generators has increased throughout the utility and manufacturing sectors due to a rise in instances of unpredictable power supply produced by small-scale power grids and restricted access to the primary transmission network.

Restraint-
Several laws have been put in place all around the world to limit air and noise pollution caused by generator sets. With growing environmental concerns, each country has developed its own set of air pollution legislation and policies will hamper market growth.

Get full report copy : https://skyquestt.com/report/power-rental-market

What does this Report Deliver?
Market Estimation for 20+ Countries
Power rental Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific Power Rental Market Trends
Comprehensive Mapping of Power rental Market Parameters
Attractive Investment Proposition in the Global Power Rental Market Industry
Competitive Strategies Adopted by Power Rental Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Power Rental Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Power Rental Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Power Rental Market Sales
Parent market analysis
Product portfolio benchmarking

Speak With Our Analyst@https://skyquestt.com/speak-with-analyst/power-rental-market

SkyQuest has segmented the Global Power Rental Market based on Power Rating, Fuel Type, Application, End User, and Region:

Global Power Rental Market by Power Rating (Revenue, USD Billion, 2021-2028)
Below 75 kVA
75-375 kVA
375-750 kVA
above 750 kVA

Global Power Rental Market by Fuel Type (Revenue, USD Billion, 2021 - 2028)
Gas
Diesel
Others

Global Power Rental Market by Application (Revenue, USD Billion, 2021 - 2028)
Continuous load
Standby load
Peak load

Global Power Rental Market by End User (Revenue, USD Billion, 2021 - 2028)
Mining
Construction
Manufacturing
Utility
Events
Oil & Gas
Others

Global Power Rental Market by Region (Revenue, USD Billion, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Colombia
Middle East & Africa
South Africa
Rest of Middle East & Africa

Key Players in the Global Power Rental Market:
Aggreko Plc (UK)
Ashtead group Plc (UK)
United rentals Inc (US)
Atlas copco (Sweden)
Caterpillar Inc (US)
Cumminc Inc (US)
HERC Rentals (US)
Generac holding Inc (US)
Wartsila (Finland)
Kohler Co (US)
Bredenoord (Netherlands)
Multiquip Inc (US)
J&J Equipment rental & sales (US)
One source rental (US)
DIR Rentals (US)
APR Energy (US)
Alfaris group (Dubai)
Shenton group (UK)
ProPower rental (US)
Yanmar (Osaka)

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

Address:

1 Apache Way, Westford, Massachusetts 01886

Phone:

USA (+1) 617-230-0741

Email: sales@skyquestt.com

Find Insightful Blogs/Case Studies on Our Website:

https://skyquestt.com/insights

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