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Power Rental Market Is Driven By Increasing Demand For Power Rental In Various Industries, Need For An Uninterrupted Power Supply & Increasing Demand For Electricity

11-14-2023 12:22 PM CET | Energy & Environment

Press release from: Global Insight Services

/ PR Agency: Global Insight Services
Power Rental Market Is Driven By Increasing Demand For Power

The Power Rental Market stands as a critical pillar supporting various industries and sectors globally by providing temporary power solutions. This market encompasses the rental of diverse power equipment, including generators, transformers, load banks, and distribution panels, catering to the varying needs of industries, events, construction sites, and emergency situations. The power rental sector offers a flexible and efficient approach, allowing businesses to access reliable power solutions without the need for large capital investments in permanent infrastructure.

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These rentals play a pivotal role during planned maintenance shutdowns, peak demand periods, remote locations lacking access to the grid, and emergency situations like natural disasters or power grid failures. The Power Rental Market continues to be indispensable, offering a responsive and adaptable solution to diverse power requirements across industries and scenarios.

Key Trends

One key trend significantly influencing the Power Rental Market is the growing demand for renewable energy-based power solutions. As sustainability and environmental consciousness gain prominence, there's a notable shift towards renting renewable energy-powered generators and equipment. This trend involves the rental of solar, wind, or hybrid power systems, offering cleaner and more sustainable alternatives to traditional fossil-fuel-based generators. Additionally, technological advancements in renewable energy solutions have led to more efficient and reliable options in the rental market, catering to the increasing demand for eco-friendly and low-emission power sources.

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Key Drivers

A key driver steering the Power Rental Market is the ever-growing need for reliable and accessible power supply in diverse industries and situations. Industries such as construction, events, manufacturing, healthcare, and disaster recovery require uninterrupted power for their operations. The flexibility offered by rental solutions enables businesses to swiftly address varying power demands during planned maintenance, peak periods, or unforeseen power outages. Additionally, the rising occurrences of extreme weather events and natural disasters emphasize the necessity for temporary power sources in affected areas.

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Market Segmentation : Power Rental Market

Power Rental Market By Fuel Type : Diesel, Natural Gas, Others

Power Rental Market By Power Rating : Up to 50 KW, 51 to 500 KW, 501 to 2,500 KW, Above 2,500 KW

Power Rental Market By Application : Peak Shaving, Standby Power, Continuous power

Power Rental Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa

Key Players :

Atlas Copco AB
Caterpillar
United Rentals
Cummins, Inc.
Aggreko
Generac Power Systems, Inc.
Kohler Co.
Ashtead Group plc
HERC Rentals Inc.
Wacker Neuson SE.

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With Global Insight Services, you receive :

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

Contact Us :

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 15998
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

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.

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