Global Power Rental Systems Market Growth (Status and Outlook) 2023-2029

Global Power Rental Systems Market Growth (Status and Outlook) 2023-2029

Power rental, also known as power on hire comes with numerous advantages over the other counterparts. Power rental refers to the facility of temporarily renting power plants or generators for supplying energy to industrial units. It delivers functioning power equipment along with various scalable components, which are installed in power stations. It also offers reliability, flexibility, speed and cost-effectiveness to businesses for coping with brief shortages of power. The power rental services are aimed to stabilize utility power grids and provide additional energy to industries and support communities. Owing to this, it finds extensive application across the construction, mining, and oil & gas industries.
LPI (LP Information)' newest research report, the “Power Rental Systems Industry Forecast” looks at past sales and reviews total world Power Rental Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Power Rental Systems sales for 2023 through 2029. With Power Rental Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Rental Systems industry.
This Insight Report provides a comprehensive analysis of the global Power Rental Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Rental Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Power Rental Systems market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Rental Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Rental Systems.
The global Power Rental Systems market size is projected to grow from US$ 17830 million in 2022 to US$ 26480 million in 2029; it is expected to grow at a CAGR of 5.8% from 2023 to 2029.
The top three brand owners are United Rentals, Ashtead Group, Aggreko. Each of sales respectively with global revenue market share about 4%, 2%, 1%. Other key manufacturers include Herc Rentals, Caterpillar, Cummins, Atlas Copco, Kohler Co., Himoinsa, Bredenoord.
Asia Pacific is the largest consumption region and holds the share about 35%. Besides, Europe and North America have good market prospect and they account for over 50% of the total share.
Power Rental Systems can be used in Government and Utilities, Oil, Gas and Mining, Construction, etc. And according to type, Continuous Power dominates this market and occupies over 45 percent of the global total.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Rental Systems market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Peak Shaving
Continuous Power
Standby Power
Segmentation by application
Government and Utilities
Oil, Gas and Mining
Construction
Industrial
Events
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
United Rentals
Ashtead Group
Aggreko
Herc Rentals
Caterpillar
Cummins
Atlas Copco
Kohler Co.
Himoinsa
Bredenoord

Please note: The report will take approximately 2 business days to prepare and deliver.