Global Power Rental Market Overview:
MarkNtel Advisors has recently published a detailed research report on the Global Power Rental Market. The report is specifically tailored to offer valuable insights and support for clients navigating this dynamic market. It focuses on key objectives such as predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners.
Power Rental Market Insights and Analysis
The Global Power Rental Market size was valued at USD 12,898 Million in 2024 and is estimated to grow at a CAGR of around 4.93% during the forecast period, i.e., 2024-30. Our comprehensive report provides a thorough examination of market players, opportunities, and valuable insights, equipping our clients with the indispensable information needed to make well-informed decisions within this dynamically evolving environment.
In case you missed it, we are currently revising our reports. Click on the “request sample report“ button to get the latest research data with forecast for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Global Power Rental Market Trend:
The Increased Adoption of Natural Gas-Powered Power Generators Bolstering the Market Growth – The deployment of renewables as an alternative power source to minimize carbon emissions is an emerging trend toward growth of the market. Environmental concerns regulations and convenience for fuel refill are some of the reasons that consumers choosing for natural gas generators over other fuel types.
Moreover, the continuous advancement in the natural gas generators is playing a pivotal role in the market expansion. Manufacturers are investing in R&D to enhance the efficiency, performance, and environmental friendliness of the product. The innovations include combustion systems, more efficient engines, and advanced monitoring and control systems. Consumers are shifting towards natural gas generators and this would help in the growth of the market in the forecast period.
Insights into Dominant Segments in the Power Rental Market
By analysing each Segments, including
-By Fuel Type
- Diesel
- Natural Gas
Diesel generators are generally the most preferred choice among consumers. As diesel is more expensive than gas but it has higher energy density and also gives more energy out of the diesel. They offer a steady power supply in manufacturing, construction, mining, metals, etc. Diesel generators can last up to twice as natural gas generators, as they are built to tolerate the high temperatures and pressure associated with prolonged use.
-By Equipment
- Generators- Market Size & Forecast 2019-2030F, USD Million
- Transformers- Market Size & Forecast 2019-2030F, USD Million
- Load Banks- Market Size & Forecast 2019-2030F, USD Million
- Ancillary Equipment- Market Size & Forecast 2019-2030F, USD Million
-By Application
- Peak Shaving- Market Size & Forecast 2019-2030F, USD Million
- Base Load- Market Size & Forecast 2019-2030F, USD Million
- Stand by- Market Size & Forecast 2019-2030F, USD Million
-By Power Rating
- Up to 50 KW- Market Size & Forecast 2019-2030F, USD Million
- 51KW – 500KW- Market Size & Forecast 2019-2030F, USD Million
- 501KW- 2500 KW- Market Size & Forecast 2019-2030F, USD Million
- Above 2500KW- Market Size & Forecast 2019-2030F, USD Million
-By End-User
- Power Utility- Market Size & Forecast 2019-2030F, USD Million
- Manufacturing- Market Size & Forecast 2019-2030F, USD Million
- Construction- Market Size & Forecast 2019-2030F, USD Million
- Mining & Metals- Market Size & Forecast 2019-2030F, USD Million
- Others (Events, Corporate & Retail)- Market Size & Forecast 2019-2030F, USD Million
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/power-rental-market.html
Power Rental Market Geographical Reach:
The Power Rental Market Geographical Reach assesses the distribution and prominence of consumption, highlighting regions that dominate in terms of market size, volume, and promising future growth prospects.
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Clients can concentrate their investments on the segments that present the most favourable prospects. This strategic methodology empowers clients to fine-tune their investment portfolio and attain enduring growth within the Power Rental market.
Current Landscape of Power Rental Market
The key players profiled in the research report are
- Aggreko Plc
- Ashtead Group Plc.
- United Rental Inc.
- Atlas Copco
- Caterpillar Inc.
- Generac Holdings Inc.
- Bredenoord
- Nishio Rent All Singapore Pte Ltd.
- Herc Rental Inc.
- Rental Solutions & Services
- LM Generating Power Co. Ltd.
- Speedy Hire Plc.
- APR Energy
- Newburn Power Rental
- Others (Shenton Group, Modern Hiring Services, etc.)
In light of the ongoing rapid transformations within the Power Rental market, retaining a strategic advantage is paramount for both businesses and investors. At MarkNtel Advisors, we exactly identify and study every notable player, taking into account their recent product launches, mergers, acquisitions, and collaborations. This thorough analysis assists our clients in making more accurate projections and staying competitive in the market.
Customization of Reports Available – https://www.marknteladvisors.com/query/request-customization/power-rental-market.html
Global Power Rental Industry Recent Development:
- 2023: Aggreko Plc announced the acquisition of Resolute Industrial and Crestchic plc, creating additional growth opportunities through access to high return on capital equipment usually in short supply in the industry.
Power Rental Market Future Prospects
The outlook for Power Rental appears favourable in terms of both revenue share and sales, as evidenced by the market trends observed in the historical period. Anticipating continued robust growth over the next five years, market participants are expected to further bolster their portfolios by harnessing technological advancements within the industry. Adding to the market’s attractiveness is the widespread application of the product/service across various end-users, allowing market players to establish a solid presence across continents.
Frequently Asked Questions
- What predictions can be formulated concerning market share, product accessibility, and the demand from consumers?
- What pivotal factors are influencing the dynamics of the Power Rental Market?
- What lies ahead in terms of future opportunities for the Power Rental Market?
- What obstacles are businesses encountering as they navigate the Power Rental Market?
- Who are the prominent players driving developments in the Power Rental Market?
Related Reports
- https://fox2now.com/business/press-releases/ein-presswire/6.01294.934.934.936.0186.01/luxury-furniture-market-valued-at-around-usd-26.01-65-billion-in-2023-set-to-reach-around-usd-4.931-95-billion-by-3.630
- https://www.wvnstv.com/business/press-releases/ein-presswire/6.01294.934.934.936.0186.01/luxury-furniture-market-valued-at-around-usd-26.01-65-billion-in-2023-set-to-reach-around-usd-4.931-95-billion-by-3.630
- https://www.upmatters.com/business/press-releases/ein-presswire/6.01294.934.934.936.0186.01/luxury-furniture-market-valued-at-around-usd-26.01-65-billion-in-2023-set-to-reach-around-usd-4.931-95-billion-by-3.630
- https://www.themarketingcommunicator.com/article/6.01294.934.934.936.0186.01-luxury-furniture-market-valued-at-around-usd-26.01-65-billion-in-2023-set-to-reach-around-usd-4.931-95-billion-by-3.630
- https://www.informnny.com/business/press-releases/ein-presswire/6.01294.934.934.936.0186.01/luxury-furniture-market-valued-at-around-usd-26.01-65-billion-in-2023-set-to-reach-around-usd-4.931-95-billion-by-3.630
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India