Press release
Rapid Industrialization And Infrastructure Development Fueling The Growth Of The Power Rental Market: A Key Driver Powering Power Rental Market Growth In 2025
Power Rental Market Share
How Big Is the Power Rental Market Size Expected to Be by 2034?
The scale of the power rental market has seen significant expansion in recent years. It will surge from a valuation of $12.11 billion in 2024 to reach $13.34 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.2%. The historic growth can be linked to the rise in construction and infrastructure development, lack of utility power, the prosperity of the events and entertainment industry, the need in remote and off-grid locations, and the magnification of mining operations.
The market size of power rental is predicted to witness a swift expansion in the coming years. It's projected to amplify to $19.76 billion in 2029, with a compound annual growth rate (CAGR) of 10.3%. Factors contributing to growth in the forecasted period include the establishment of smart cities, expansion of healthcare infrastructure, military operations, building of data centers, and international events and exhibitions. Prominent patterns in the forecast period involve technologies of rental generators, portable and modular power units, adaptable rental contract structures, enhancement of energy efficiency and diminishment of emissions, remote supervision and integration of telematics.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6893
What Are the Emerging Segments Within the Power Rental Market?
The power rental market covered in this report is segmented -
1) By Equipment: Generators, Transformers, Load Banks, Other Equipment
2) By Application: Standby Power, Peak Shaving, Base Load/Continuous Power
3) By Fuel Type: Diesel, Natural Gas, Other Fuel Types
4) By End-Users: Utilities, Oil And Gas, Construction, Manufacturing, Metal And Mining, IT And Data centers, Corporate And Retail, Events, Other End-Users
Subsegments:
1) By Generators: Diesel Generators, Gas Generators, Hybrid Generators
2) By Transformers: Step-Up Transformers, Step-Down Transformers, Auto Transformers
3) By Load Banks: Resistive Load Banks, Reactive Load Banks, Resistive-Reactance Load Banks
4) By Other Equipment: Distribution Panels, Cables And Connectors, Power Distribution Units (PDUs)
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6893&type=smp
What Long-Term Drivers Are Shaping Power Rental Market Trends?
The expansion of the power rental market is fueled by swift industrialization. Swift industrialization conversely means a quick transition from an agriculture-based economy to one dependent on manufacturing. Significant progress has been seen across various industries, including information technology, manufacturing, and construction, all of which necessitate a constant power supply for smooth running. For example, Eurostat, a government statistical agency based in Luxembourg, reported a 0.2% rise in industrial production in the European region in July 2023. In addition, between May and April 2023, there was a 0.1% increase in the European Union. Therefore, as rapid industrialization becomes more common and spending on infrastructure development in major developing countries rises, the need for power rentals is expected to grow.
Who Are the Top Competitors in Key Power Rental Market Segments?
Major companies operating in the power rental market include Caterpillar Inc., Cummins Inc., Atlas Copco AB, United Rentals Inc., Ashtead Group plc, Kohler Co, Wärtsilä Oyj, Generac Power Systems Inc., Herc Rentals Inc., Hertz Equipment Rental Corporation, Wacker Neuson SE, Aggreko plc, Multiquip Inc., APR Energy Ltd., FG Wilson (Engineering) Ltd., Smart Energy Solutions Ltd., Modern Hiring Service Ltd., Speedy Hire plc, Power Electrics Bristol, Rental Solutions & Services, Bredenoord Exploitatiemij B.V., Pump Power Rental, Global Power Supply Ltd., Jassim Transport & Stevedoring Co K.S.C.C., Newburn Power Rental Ltd., ProPower Rental, Shenton Group plc, So Energy Trading Limited
What Are the Major Trends Shaping the Power Rental Market?
Prominent enterprises in the power rentals market are escalating their effort on unveiling new products to gain a superior position in the market. For instance, the American construction firm Caterpillar Inc., in February 2023, initiated the Cat XQ330 mobile diesel generator set. This generator, known for its low-emission and high-performance, is ideal for standby and prime applications. The silent operation and durable, weather-proof design, powered by the efficient Cat C9.3B engine, makes it easy for transportation and maintenance. The innovative EMCP 4.4 control panel heightens its reliability and flexibility, making it suitable for diverse power requirements.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/power-rental-global-market-report
Which Regions Are Becoming Hubs for Power Rental Market Innovation?
Asia-Pacific was the largest region in the power rental market in 2024. North America is expected to be the fastest-growing region in the power rental market share during the forecast period. The regions covered in the power rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Power Rental Market?
2. What is the CAGR expected in the Power Rental Market?
3. What Are the Key Innovations Transforming the Power Rental Industry?
4. Which Region Is Leading the Power Rental Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rapid Industrialization And Infrastructure Development Fueling The Growth Of The Power Rental Market: A Key Driver Powering Power Rental Market Growth In 2025 here
News-ID: 4015342 • Views: …
More Releases from The Business Research Company
Brake Lines Market Analysis: $36.58 Billion by 2029 With a CAGR of 3.5%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Brake Lines Market Value Projection: How Much Will the Market Size by 2025?
In recent times, the brake lines market has consistently seen growth. The market size is expected to escalate from $30.83 billion in 2024 to $31.88 billion in 2025, growing at a compound annual growth rate (CAGR) of 3.4%.…
Autonomous Vehicle Simulation Solutions Industry Set to Achieve $2.12 Billion Mi …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Autonomous Vehicle Simulation Solutions Market Size 2025?
The market size for autonomous vehicle simulation solutions has seen a rapid expansion in the past few years. The market, with a value of $0.96 billion in 2024, is projected to rise to $1.14 billion in 2025,…
Automotive Vehicle To Everything (V2X) Communications Industry Expected to Reach …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Automotive Vehicle To Everything (V2X) Communications Market Value Projection: How Much Will the Market Size by 2025?
In recent years, the size of the automotive vehicle to everything (v2x) communications market has seen substantial growth. It is projected to increase from $3.6 billion in 2024 to $4.43 billion in 2025, registering…
Global Highway Driving Assist Market Worth $11.2 Billion by 2029, Growing at 20% …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Highway Driving Assist Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a rapid expansion in the size of the highway driving assist market in the previous few years. Its projected growth is from $4.47 billion in 2024, escalating to $5.39 billion in 2025, with a…
More Releases for Power
Thermal power Market is Gaining Momentum with Enel, TATA Power, Reliance Power
The Latest Released Thermal power market study has evaluated the future growth potential of Thermal power market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market
This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation…
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution…
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan.
The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,…
Fluid Power Systems Market SWOT Analysis by Key Players: Parker, Eaton, Tokyo Ke …
QY Research has lately published a new report on “Global Fluid Power Systems Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025,” for the forecasted period 8-years, i.e. between 2017 and 2025.
The Fluid Power Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered…
New research on Medical Power Supply Market To 2022 Profiling SL Power Electroni …
This Global Medical Power Supply market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this…
