Diesel Generator Rental Market Statistics, Segment, Trends and Forecast

As the need for electricity rises across the globe, the rental market for power generators is anticipated to expand. One of the well-known industries where power generators are rented out for usage during infrastructure construction, exploration, and production is the oil and gas sector. North America is anticipated to have a CAGR of about 6% throughout the projection period and be the major investor in the oil and gas sector. This demonstrates the expansion of infrastructure and the increasing demand for generator services.

The majority of industries prefer renting over full ownership rather than incurring additional costs by purchasing a new generator. Additionally, projects from diverse sectors vary from region to region and are positioned there. Renting for various sites seems more practical and economical than moving one's generator from spot to location. The price of buying new generators and the significant growth in a variety of industries, such as oil and gas, construction, etc., are the main drivers for the power generator rental business. However, the development of renewable energy projects and the expansion of power distribution networks are anticipated to limit market expansion.

Projects from many industries are anticipated to grow as a result of the growing population in order to meet demands for daily necessities including electricity, office and residential space, and manufacturing facilities. For instance, it is predicted that by 2030, the world population would be close to 8.5 billion, resulting in an increase in worldwide construction spending of USD 17.5 billion. Growth in the building industry suggests a strong likelihood of growth in the rental market for generators globally.

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In the oil and gas business, power generators are essential power sources, especially for drilling and excavating operations. The activities are the most important step in the production of hydrocarbons, and they require a lot of power to run the large equipment. Mobile power generators with a voltage range of 500 kilovolts to 2,500 kilovolts are typically utilised for these operations.

For the market for renting power generators, North America is a key region. According to estimates, the market for renting regional power generators is mostly driven by planned occurrences such natural catastrophes and seasonal peak power demand as well as new projects installations for various industries.

Market Segmentation
Global Diesel Generator Rental Market: Major Players
Silverrox Rental
JTC's Power Rental Division
Industrial Supplies Development Co. Ltd. (ISDC Rental Company)
Atlas Copco Middle East
General Contracting Company (GCC)
Abdulla Nass & Partners Co. Ltd. (ANPC)
Arabian Consolidated Trading Group - Crane & Heavy Equipment Rental
Al Faris
Zahid Tractor and Heavy Machinery Company
Altaaqa Alternative Solutions Co. Ltd.
Rezayat Sparrow Arabian Crane Hire Co. Ltd.
Saad Al Qahtani Contracting (SAQCO)
Bin Quraya Rental

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Global Diesel Generator Rental Market: Types
Low Power Generators
Medium Power Generators
High Power Generators

Global Diesel Generator Rental Market: Applications
Commercial
Residential
Industrial
Corporate offices
Others

Global Diesel Generator Rental Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Diesel Generator Rental market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Frequently Asked Questions
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