Global Power Rental Market 2024-2028
The power rental market is forecasted to grow by USD 3997.8 mn during 2023-2028, accelerating at a CAGR of 6.36% during the forecast period. The report on the power rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing infrastructure-related activities, rapid industrialization, and increase in cases of power outage.
Technavio's power rental market is segmented as below:
- By End-user
- Utility
- Manufacturing
- Construction
- Oil and gas
- Others
- By Application
- Continuous load
- Peak load
- Standby load
- By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the adoption of hybrid power generators as one of the prime reasons driving the power rental market growth during the next few years. Also, increase in use of gas generators for power rental and rising number of power purchase agreements will lead to sizable demand in the market.
The report on the power rental market covers the following areas:
- Power rental market sizing
- Power rental market forecast
- Power rental market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power rental market vendors that include Aggreko Plc, Ashtead Group Plc, Atlas Copco AB, ATLAS Corp., Bredenoord, Capstone Green Energy Corp., Caterpillar Inc., Cummins Inc., Doosan Corp., Generac Holdings Inc., Herc Holdings Inc., HSS ProService Ltd., Inmesol SL, Kohler Co., L.M. Generating Power Co. Ltd., Modern Hiring Service, Perennial Technologies, Trinity Construction Enterprises Inc., United Rentals Inc., and Yanmar Holdings Co. Ltd.. Also, the power rental market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.