North America Rental Boiler Market Research Report Forecast to 2030

North America Rental Boiler Market Research Report Forecast to 2030

Market Dynamics
The North America Rental Boiler market is projected to be valued at USD 939.6 Million by 2030, with 4.50% CAGR from 2021–2030. In many industries, boilers are an essential element. Boiler rental is a cost-effective solution as it allows the businesses to use a boiler by paying an optimal monthly rent instead of multiple costs involved in building and installing a boiler at the plant. Apart from that, easy installation, transport, accurate functions, additional support, enormous flexibility as well as less maintenance and lower costs of the rental boilers are increasing the use of rental boilers in industrial, commercial, and residential applications. The rapid increase in the demand for electricity in countries such as Canada and Mexico are also expected to drive the demand for rental boilers. Mexico has a fast-growing electricity sector, with demand increasing on average by 1.6% per year since 2000. Similarly, in Canada, total electricity demand is set to increases by 44% from 2021 to 2050. Thus, with the rising electricity demand, the demand for rental boilers from the power generation sector is expected to rise in Canada and Mexico. However, with the rise in the use of renewable sources of energy, the demand for traditional power generation equipment are expected to reduce, which in turn will also decrease the demand for rental boilers from power generation plants. Nevertheless, increasing collaborations with major manufacturers can provide beneficial opportunities for both the manufacturers and boiler rental companies.

The geographic analysis of Rental Boiler market has been conducted for the U.S., Canada, Italy, and the rest of Europe. Out of the 3 countries, the US market generates the largest revenue share in the Rental Boiler market during the review period. The main reason for growing demands in the country is the overall growth in the industrial and commercial sector and the growing residential sector. The growth of the Rental Boiler market in this country can also be attributed to a growing number of commercial spaces and increasing reconstruction activities.

Major Players
Cleaver-Brooks, Inc., Power Mechanical, Indeck Power Equipment Company, Nationwide Boiler Inc., Powerhouse Equipment & Engineering Co. Inc., among others.

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.


Companies Mentioned
Cleaver-Brooks Inc.
Power Mechanical
Indeck Power Equipment Company
Nationwide Boiler Inc.
Powerhouse Equipment & Engineering Co. Inc.
among others.

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