Press release
The US Power Rental Market to Worth $5.4 Billion by 2029 - Exclusive Market Research Report by Arizton Advisory & Intelligence
According to Arizton's latest research report, the U.S. power rental market will grow at a CAGR of 4.29% from 2022-2029. With a revenue share of about 80.2% in 2022, diesel-fueled rental equipment was the major source of income. Due to the durability and dependability of diesel-powered power equipment and its high consumption rate, this market is expanding. Significant trends in the U.S. power rental industry include the ageing of installed generating equipment, which creates demand during the maintenance period, and carbon taxation, which disrupts the market.Click Here to Download the Free Sample Report: https://www.arizton.com/request-sample/3716
KEY HIGHLIGHTS
• In early 2021, the California Energy Commission awarded USD 2 million in grants to ten Native American tribes. The grants help to fund climate and energy planning efforts on tribal lands and in tribal communities, such as research into renewable energy, microgrids, and energy storage systems. DOE invested approximately USD 16 million in more than 35 tribal renewable energy and energy efficiency projects in California between 2010 and 2021. The construction phase of various projects necessitates using power for extended periods, creating a demand for rental generators in the U.S. power rental market.
• The Washington State Building Code Council (Building Council) approved a new regulation in April 2022. (WSR 22-02-076). The regulations, which go into effect on July 1, 2023, significantly restrict the usage of natural gas in new commercial buildings and ask for electrically powered appliances and HVAC (heating, ventilation, and air conditioning) equipment instead.
• The Climate Mobilization Act of 2019 is a climate solution that can be implemented in any city worldwide. It consists of a slew of climate laws aimed at drastically reducing carbon emissions in New York City, including a landmark law regulating greenhouse gas emissions from buildings. Beginning in 2024, New York City's all-electric new buildings law eliminates the use of fossil fuels in new construction.
• The US government announced plans to improve the country's infrastructure through the Rural program, which will invest nearly USD 2 billion in projects through 2026. This will improve highways, bridges, and tunnels, improve highway safety, increase access to agricultural, commercial, energy, and freight facilities that benefit the economy, and provide flexible transportation services to rural and tribal areas.
• The USDA will provide USD 285 million in grants and loans for 844 projects in 46 states through the Rural Energy for America Program (REAP). These projects will assist farmers with things like solar array acquisition and installation and the adoption of more energy-efficient farm equipment.
If our report does not include the information you are searching for, you may contact us to have a report tailored to your specific business needs https://www.arizton.com/customize-report/3716
VENDOR LANDSCAPE
• The key players in the U.S. power rental market are United Rentals, Sunbelt, Herc rentals, Aggreko, Atlas Copco, Caterpillar, Cummins, and Kohler power.
• The top 4 prominent vendors, including United Rentals, Sunbelt Rentals, Inc., Herc rentals, and Aggreko, account for 61% of the U.S. power rental market share.
• In April 2022, Sunbelt Rentals released its plans in April to add 700 electric trucks as a way for the company to reduce its greenhouse gas emissions (GHG) by 35 percent by 2030.
The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029
Know more about the market: https://www.arizton.com/market-reports/united-states-power-rental-market
KEY PROMINENT VENDORS
• United Rentals, Inc.
• Sunbelt Rentals, Inc.
• Aggreko
• Herc Rentals Inc.
• Caterpillar
• Atlas Copco
• Cummins Inc.,
• KOHLER
• Generac Power Systems, Inc.
• APR Energy
• H&E Equipment Services, Inc.
• Sunstate Equipment Co., LLC
MARKET SEGMENTATION
Fuel
• Natural Gas
• Diesel
• Others (Propane, Hydrogen, Renewable Sources)
Power Rating
• >75KVA
• 75-375KVA
• 375-1,000KVA
• Above 1,000 KVA
Equipment
• Generators
• Load Banks
• Transformers
• Others
End-User
• Construction
• Retail
• Oil & Gas
• Mining
• Events
• Utilities
• IT & Data Center
• Manufacturing
• Others
Application
• Standby
• Continuous
• Peak shaving
TABLE OF CONTENT
Section 1 - Introduction
• Key Insights of US Power Rental Market
• Executive Summary
Section 2 - US Power Rental Market
2.1 Future Outlook -US Power Rental Market by Value
2.2- US Power Rental Market- By Segments
2.2.1- US Power Rental Market by Value
US Power Rental Market Size and Forecast by Million ($million)
2.2.1.1. US Power Rental Market, By Fuel
Power Rental Market, Diesel, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Natural Gas, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Others, Market Size and Forecast 2020-2029($ Million)
2.2.1.2 Power Rental Market, By End User
Power Rental Market, Construction, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Retail, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Oil and Gas, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Mining, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Events, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Utilities Market Size and Forecast 2020-2029($ Million)
Power Rental Market, IT & Data Centers, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Manufacturing, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Others, Market Size and Forecast 2020-2029($ Million)
2.2.1.3 Power Rental Market, By Equipment
Power Rental Market, Generator, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Load Bank, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Transformer, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Others, Market Size and Forecast 2020-2029($ Million
2.2.1.4 Power Rental Market, By Application
Power Rental Market, Standby power, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Continuous power, Market Size and Forecast 2020-2029($ Million)
Power Rental Market, Peak shaving, Market Size and Forecast 2020-2029($ Million)
2.2.1.5 Power Rental Market, By Power Rating
Power Rental Market, (0-50KW) Market Size and Forecast 2020-2029($ Million)
Power Rental Market, (50-500KW) Market Size and Forecast 2020-2029($ Million)
Power Rental Market, (500-2500KW) Market Size and Forecast 2020-2029($ Million)
Power Rental Market, (Above 2500KW) Market Size and Forecast 2020-2029($ Million)
Section 3-Geographical Analysis
Key Economic cities in US
Section 4- Market Dynamics
Market Trends
Market Drivers
Market Opportunities
Market Restraints
Section 5 - Technological Development
Section 6- Competitive Landscape
1. Company Profile of major Vendors
2. Other Prominent vendors
Section 7 - Report Summary
1. List of Abbreviations
Section 8- Appendix (Report Scope & Definition)
1. Research Methodology
2. Market Definition, Inclusion & Exclusion
ABOUT US:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Call: +1-312-235-2040
+1 302 469 0707
Mail: enquiry@arizton.com
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