2023 North American Power Rental Market

2023 North American Power Rental Market

Verify Markets' North American Power Generation Rental market research report includes market size, growth rates, vertical end user split, competitive market share data and revenue forecasts from 2022-2029 for the United States and Canada with COVID-19 impact. The study is a comprehensive analysis including market share splits by fuel type (diesel, natural gas, others), output power, application, end user group and rental provider. Furthermore, profiles of key companies, growth drivers, restraints, challenges, and quotations from industry participants are also included in this analysis of the temporary power opportunity.

The North American Power Rental Market is mature and competitive with the presence of regional and national market participants trying to get a strong foothold in the market. Market participants report 2022 as a very good year for the industry. Power rental revenues grew 9.0 percent in 2022 over the previous year. However, the market is projected to experience lower growth rates in 2023 due to the threat of a U.S. recession, lower oil & gas prices, and supply chain constrains.

This study aims to provide a detailed analysis of the North American Power Rental Market along with competitive intelligence for the year 2022.

The market numbers included in this report represent revenues generated by companies operating in the North American Power Rental Market by country (United States and Canada) The base year for the study is 2022 and the forecast period is from 2023 until 2029.

This study captures the following information on North American Power Rental Market:

Market Size, Growth Rate, Revenue Forecasts (2022-2029)
Growth Drivers & Restraints
Market Data
Quotes by Key Industry Participants
Market Share Analysis
Market Trends
Major Companies Featured: Aggreko plc, United Rentals, Sunbelt Rentals, Caterpillar Inc., Herc Equipment Rentals, among others.

Based on the mode of operation, electric power generators can be classified into:

Prime Power- Prime power generators are designed to operate continuously for extended periods of time at variable load.

Standby Power- Supplying emergency power during the duration of normal power interruption. Standby power is run only when there is an outage to the utility grid or there is a disruption in the main source of power.

Peak-Load- Peak load is a period in which electrical power is provided at a significantly higher than average supply level. Peak Shaving is the process of reducing the amount of energy purchased during peak hours when the charges are highest.