Should You Be Excited About Power Rental Market 8.65% CAGR?

The Latest research coverage on Power Rental Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.

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Major & Emerging Players in Power Rental Market:-
Aggreko (United Kingdom), Caterpillar (United States), United Rental (United States), Atlas Copco (Sweden), Cummins (United States), Ashtead Group (United Kingdom), SEL (United States), APR Energy (United States), Kohler (United States), Rental Solutions & Services (United Arab Emirates), HERC (United States), Generac Power Systems (United States).

Power rental system is an electrical back-up system which provides continuous power generation by the generator, load banks, transformer, and others. Power rental system run on natural gas, liquid propane gas, diesel, and other fuels. Power rental system is used in numerous industries such as oil & gas, events, construction, mining, and others. For instance, utility companies use rental generators during peak demand period, and manufacturing companies use diesel generators for continuous power generation. The increasing demand for power rental system from developing countries expected to drive the market over the forecasted period. According to AMA, the Global Power Rental market is expected to see growth rate of 8.65%.

The titled segments and sub-section of the market are illuminated below:
by Power Rating (Less than 10 kW, 11 kW - 20 kW, 21 kW - 50 kW, 51 kW - 100 kW, 101 kW - 250 kW, 251 kW - 500 kW, 501 kW - 1,000 kW, 1,001 kW -1,500 kW, 1,501 kW - 2,000 kW, 2,001 kW - 2,500 kW, Above 2,500 kW), Equipment (Generator, Load Banks, Transformer, Others), End-User Industries (Utilities, Oil & Gas, Events, Construction, Mining, Shipping, Others), Fuel (Diesel, Gas, Dual Fuel, Others)

Opportunities:
Development in Obsolete Permanent Power Plants
Increasing Demand for Natural Gas Generators

Market Trends:
Increasing Demand for Diesel Generators from the Manufacturing Sector
Emphasizing On Customized Compressed Air Rental Solution

Market Drivers:
Technological Development in the Air Compressors
Increasing Demand for Power Rental Systems for Emerging Economies

Challenges:
Reducing Pollution from Power Rental System

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Recent Developments:
In March 2022, United Rentals announced that it will offer its clients a zero-emission power option with the addition of POWRBANK battery systems to its rental fleet. United Rentals' relationship with manufacturer POWR2 Energy Solutions provides an investment in sustainable workplace solutions for North American clients. POWRBANK is a compact power storage system that works with diesel engines to lessen runtime, pollution, congestion, and fuel wastage. The system makes use of high-density lithium-ion batteries, inverters, and load-sensing electronics. The United Rentals POWRBANK type has a power output range of 40KW to 60KW and a storage capacity of 60KW to 120KW hours.
In January 2022, Herc Rentals acquired Temp-Power Inc., a provider of power generation rentals serving locations including Virginia, Maryland, and Washington, D.C.

Some Point of Table of Content:
Chapter One: Report Overview
Chapter Two: Global Market Growth Trends
Chapter Three: Value Chain of Power Rental Market
Chapter Four: Players Profiles
Chapter Five: Global Power Rental Market Analysis by Regions
Chapter Six: North America Power Rental Market Analysis by Countries
Chapter Seven: Europe Power Rental Market Analysis by Countries
Chapter Eight: Asia-Pacific Power Rental Market Analysis by Countries
Chapter Nine: Middle East and Africa Power Rental Market Analysis by Countries
Chapter Ten: South America Power Rental Market Analysis by Countries
Chapter Eleven: Global Power Rental Market Segment by Types
Chapter Twelve: Global Power Rental Market Segment by Applications

What are the market factors that are explained in the Power Rental Market report?
- Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
- Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
- Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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