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Power Rental Market worth $12.96 billion by 2030, growing at a CAGR of 5.23% - Exclusive Report by 360iResearch
Power Rental Market | 360iResearch
The Global Power Rental Market to grow from USD 9.06 billion in 2023 to USD 12.96 billion by 2030, at a CAGR of 5.23%.
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Power rental refers to the service of renting power generation equipment to meet temporary, supplementary, & emergency power requirements. This service is utilized across various industries, including construction, manufacturing, event management, mining, and utilities, among others. The equipment rented commonly includes generators, transformers, load banks, and other accessories necessary to ensure an uninterrupted power supply. Discrepancies between energy supply and demand, especially in remote areas, drive the power rental market. Additionally, significant infrastructure activities across developing nations propel the demand for temporary power solutions. However, high operational costs involved in transporting and maintaining equipment hamper the market expansion. Furthermore, integrating renewable energy sources with power rental systems and adopting more energy-efficient and eco-friendly power rental solutions present significant opportunities for market expansion.
In the American region, the power rental market is propelled by the growing demand for reliable, temporary power solutions in sectors including construction, oil and gas, and events. The trend towards adopting sustainable and clean energy sources has influenced the rental market, with an increase in the rental of eco-friendly generators and power supply units. EU countries exhibit a growing demand for power rental solutions in line with stringent environmental regulations pushing for reductions in carbon emissions. The market is characterized by a high demand for energy-efficient and renewable energy-powered temporary power sources. The Middle East's power rental market is primarily driven by the construction, oil, and gas sectors and large-scale events. Despite abundant natural gas reserves, there is an increasing inclination towards incorporating renewable energy solutions in power rentals. In the APAC region, rapid industrial growth and urbanization are increasing the demand for temporary power solutions, particularly in construction and public events. The countries are investing in clean energy power rental solutions to reduce carbon emissions.
Market Segmentation & Coverage:
This research report categorizes the Power Rental Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Fuel Type, market is studied across Diesel and Natural Gas. The Diesel is projected to witness significant market share during forecast period.
Based on Equipment, market is studied across Generators, Load Banks, and Transformers. The Transformers is projected to witness significant market share during forecast period.
Based on Application, market is studied across Base Load or Continuous Load, Peak Shaving, and Standby Power. The Peak Shaving is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Construction, Manufacturing, Mining, Oil & gas, Telecom & Datacenter, and Utilities. The Manufacturing is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.65% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Power Rental Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Power Rental Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Power Rental Market, highlighting leading vendors and their innovative profiles. These include Aggreko Ltd., Aksa Power Generation Inc., Allmand Bros., Inc. by Briggs & Stratton, Ashtead Group PLC, Atlas Copco AB, Bredenoord, Caterpillar Inc., Cooper Equipment Rentals Ltd., Cummins Inc., Doosan Portable Power, Duthie Power Services, Energy Systems Southeast, LLC, GEN-TECH, Generac Power Systems, Inc., Herc Rentals Inc., Himoinsa S.L. by Yanmar Co., Ltd., Kohler Co., Modern Hiring Service, Newburn Power Rental Ltd., Power Plus, Red-D-Arc Inc. by Air liquide S.A., Reddy Generators, Sun for Rent, Sunbelt Rentals, Inc., and United Rentals, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Power Rental Market, by Fuel Type
7. Power Rental Market, by Equipment
8. Power Rental Market, by Application
9. Power Rental Market, by End-User
10. Americas Power Rental Market
11. Asia-Pacific Power Rental Market
12. Europe, Middle East & Africa Power Rental Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Power Rental Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Power Rental Market?
3. What is the competitive strategic window for opportunities in the Power Rental Market?
4. What are the technology trends and regulatory frameworks in the Power Rental Market?
5. What is the market share of the leading vendors in the Power Rental Market?
6. What modes and strategic moves are considered suitable for entering the Power Rental Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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